• References
• Eligibility Criteria
• Benefits
• Entitlements
• Education and Training
• Frequently Asked Questions
• Program Status
• Contact Information

• United States Code, Title 38, Chapter 32
  Veterans' Benefits
• Army Regulation 621-202
  • Army Educational Incentives and Entitlements
• Army Regulation 601-210
  • Active and Reserve Components Enlistment Program

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• Entered active duty January 1, 1977 through June 30, 1985
• Must have initially opened an account during January 1, 1977 - June 30, 1985, or during the "OPEN PERIOD" from October 28, 1986 through March 31, 1987, and contributed for 12 consecutive months. An open account is defined as having made personal contributions
• Discharged under conditions other than dishonorable

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• Veterans Educational Assistance Program (VEAP) was a voluntary, contributory educational benefit plan
• Maximum individual contribution: $2,700. Allotments may range from a minimum of $25 to $100 per month. Under no circumstances can anyone contribute more than $2,700
• Army matches servicemember's contribution on a "$2 for $1" basis:
  • Member's maximum contribution: $2,700
  • Government contribution: $5,400
  • Maximum account amount: $8,100
    NOTE: The maximum amount can be increased if qualified for the Army College Fund (ACF)
• Can contribute in two different ways:
  • Lump sum payment
  • Allotment by payroll deduction
• Can contribute to the VEAP at any time while on active duty provided member initially enrolled before the June 30, 1985, deadline or during the open period
• Once a VEAP servicemember separates, he/she cannot contribute to a previous account unless the member returns to active duty at a later date
• To determine monthly benefit amount:
  • Add all contributions (government + individual);
  • Divide by number of months individual contributed or 36, whichever is less
  • Maximum benefit: $300/month

Note: Benefits are prorated for less than full-time training.

• Can redesignate VEAP account to change participation amount, resulting in larger monthly benefit amounts for fewer months of payments

Example: 
Member contributed $2,700 at $75/month for 36 months =  $225/month for 36 months
Member redesignates to $100/month = $300/month for 27 months