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February 3, 2006, Newsletter Issue #2: VEAP-Who Is Eligible?
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Tip of the Week
The Veteran's Education Assistance Program was used between 1977 and 1985. It let military members contribute almost three thousand dollars toward their veteran education, with the Department of Defense adding double that amount.
Like the GI Bill, those eligible for VEAP have a ten year window to use the funds once they leave active duty. Contributions to VEAP were replaced by the current GI Bill program, with VEAP ending in 1987. Those on active duty under the "New" GI Bill program are not part of VEAP, and there is no longer an active VEAP for veteran education money--those who were eligible between '77 and '85 are still able to draw the money, but all others are in the current program.
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