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
- 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
Return To Top
- 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
Return To Top
- 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
Return To Top
- 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
Return To Top
(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
Return To Top
Frequently Asked Questions
Click here for a list of VEAP frequently asked questions
Return To Top
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.
Return To Top
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
Return To Top
|