VEAP was an educational assistance program that required servicemembers to make contributions from their active duty pay, the military would then make matching contributions at a rate of $2 for every $1 you contributed. The following is a summary of the VEAP.
VEAP is only available to those who made monetary contributions to the program. The government matches your contributions on a $2 for $1 basis. You may use these benefits for degree, certificate, correspondence, apprenticeship/on-the-job training programs, vocational flight training programs, high-tech training, licensing and certification tests, entrepreneurship training, certain entrance examinations, and correspondence courses. In certain circumstances, remedial, deficiency, and refresher training may also be available.
Benefit entitlement is one to 36 months depending on the number of monthly contributions. You have 10 years from your release from active duty to use VEAP benefits. If there is entitlement not used after the 10-year period, your portion remaining in the fund will be automatically refunded.
To qualify, you must meet the following requirements:
If you are currently on active duty and wish to receive VEAP benefits, you must have at least three months of contributions available.
Contributions may be withdrawn if you do not meet the basic eligibility requirements or if you formally request a refund of the contributions withheld.
You should make sure that your selected program is approved for VA training. If you are not clear on this point, VA will inform you and the school or company about the requirements.
Apply online via VONAPP, (Veterans Online Application) If you are not on active duty, send copy 4 (Member Copy) of your DD Form 214, Certificate of Release or Discharge From Active Duty. If you are on active duty, you must have your enrollment approved by your base Education Services Officer, and you must have your service verified by your Commanding Officer.
If you have started training, take your application and Member Copy of DD Form 214 to your school or employer. Ask them to complete VA Form 22-1999, Enrollment Certification, and send all the forms to VA.
If you wish to withdraw your contributions from VEAP, obtain and complete VA Form 24-5281, Application for Refund of Educational Contributions, and send it to your nearest VA regional office.
Contact your local VA Regional Office for additional assistance by dialing the toll-free number, 1-888-442-4551.
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