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VEAP

The Veterans Education Assistance Program (VEAP) was one of several education incentive programs, which was offered to servicemembers who entered active duty January 1, 1977, to June 30, 1985.
Content
References
  • 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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Eligibility Criteria
  • 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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Benefits
  • 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


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Entitlements
  • Individuals may contribute money to VEAP at a later date if on active duty, even if broken periods of service are involved.
  • May request a refund of VEAP contributions at any time
  • Only an individual's personal unused contributions are refunded
  • Individuals must use benefits no later than 10 years from date of last separation (delimiting date). After the 10th year, the VEAP account is closed and any personal contributions remaining will be refunded by the Department of Veterans Affairs (DVA) to the member at the address DVA has on file
  • Refund balance is paid on:
    • Member's request
    • Member's death to the surviving beneficiaries designated on Servicemembers' Group Life Insurance (SGLI) election form, or to the estate if no SGLI form is on record

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Education and Training

(Approved by the Department of Veterans Affairs)

  • College courses
  • Technical/Business/Vocational Schools
  • Tutorial assistance, remedial, and refresher training
  • Residence/correspondence courses
  • Apprenticeship and On-the-Job-Training (OJT)
  • Work-study programs
  • Cooperative programs
  • Flight training (Must have private pilot's license.)
  • Included are high school courses (unlike the current MGIB) because VEAP participants do not need high school equivalency to collect VEAP benefits

    Note: Contact the DVA to verify program approval

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Frequently Asked Questions
Click here for a list of VEAP frequently asked questions


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Program Status

Enrollment closed to those who did not open a VEAP account during above guidelines.  VEAP is a viable program for program participants.  See your Army Education Center for specific guidance.


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Contact Information

Direct questions regarding the Veterans Educational Assistance Program to a local Army Education Center or the Education Incentives and Counseling Branch.

U.S. Army Human Resources Command
ATTN: AHRC-PDP-E (Dept 480)
1600 Spearhead Division Avenue
Fort Knox, KY 40122-5408


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