New GI Bill for Unemployed Vets

A new GI Bill program, now known as Veterans Retraining Assistance Program (VRAP), will offer up to 12 months of Montgomery GI Bill benefits for older unemployed veterans. The program is part of the VOW to Hire Heroes Act which also includes tax breaks for companies that hire veterans. That means that pre-9/11 veterans who often feel left out, may soon qualify for as much as $17,600 ($1473 a month) for education and training. Learn more about this new VRAP retraining and education benefit.