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Veterans Education Benefits

veteran in library

Did you know that more veterans than ever are using their education benefits? In fact, nationwide, about 67 percent more veterans used those benefits in 2012 than in 2009.* Taking advantage of these benefits is a great way to help ensure a successful transition back to civilian life and work toward long-term goals. From college classes to on-the-job training, a world of educational opportunities awaits veterans and their families—as does a range of benefits to help fund those opportunities. Here is how to make the most of the benefits available to you:

  • Do your homework. Start by learning all you can about the key Department of Veterans Affairs (VA) programs available under the GI Bill, which include the following:
    • Post-9/11 GI Bill. This program offers 36 months of tuition and training benefits to those who served after September 10, 2001. Unused benefits can be transferred to your spouse or children.
    • Montgomery GI Bill. Veterans who contributed $1,200 to the program while on Active Duty can get funding for higher education and training. You may qualify for one of the four categories of eligibility, depending on when you enlisted and how long you served.
    • Veterans Educational Assistance Program (VEAP). If you made VEAP contributions from your military pay from April 1, 1987 onward, the government will match those amounts two-for-one, up to a maximum of $300 a month for full-time training. Benefits may be used for a college degree program, technical courses, apprenticeships and more.
    • Vocational Rehabilitation & Employment (VR&E). This program helps veterans with a service-connected disability prepare for and find work. Benefits include financial assistance for college, technical or business school, on-the-job training, employment counseling and rehabilitation services.
  • The VA offers an online GI Bill Comparison Tool to help you research approved education programs and estimate your benefit amounts.

  • Weigh options carefully. Selecting a benefit could make you ineligible for other benefits, so choose carefully. For example, deciding to receive Post-9/11 GI Bill benefits means you’ll have to say no to Montgomery GI Bill funding.
  • Watch the clock. Once your military service ends, you have a limited time to use your education benefits—15 years for the Post-9/11 GI Bill and 10 years for the Montgomery GI Bill. However, your time limit is reset if you re-enter Active Duty for more than 90 days.
  • Follow the money. It might take some digging, but you can find a wealth of education funding out there beyond your GI Bill benefits. You may be eligible for other state, federal and private education programs and scholarships. For example:
    • Starbucks® offers free college tuition to veteran employees, spouses and children at the online campus of Arizona State University.
    • Troops to Teachers is a U.S. Department of Defense program that helps eligible veterans begin new careers as teachers.
    • Veterans of Foreign Wars (VFW) offers veteran scholarships of up to $5,000, along with guidance on receiving VA benefits.
  • To help you find the funding you need, try an online, military-specific scholarship finder.

  • Take time to plan. Your education benefits can be used for a range of options, from a full college degree to technical training, on-the-job apprenticeships and work-study programs, and even flight training. Having so many possibilities can seem overwhelming, so make sure you think about your personal career goals and the types of learning environments that are the best fit for you. You’ve worked hard to earn your benefits, so plan carefully to ensure you make the most of them. If you need additional financial help, consider whether a private student loan from Navy Federal is right for you. Click here for more information.
    * Source: McClatchyDC.

An At-a-Glance Look at Key Veterans’ Education Benefits

Program

What It Does

Which Veterans Are Eligible

Benefit

Can Be Used for:

Post-9/11 GI Bill

Provides up to 36 months (4 school years) of education benefits

Veterans who have served at least 90 days on Active Duty since Sept. 10, 2001

Paid tuition, fees, books and housing. Benefits tiered based on time in Active Duty; can be transferred to spouse or child.

  • college degree programs
  • vocational and technical courses
  • correspondence courses
  • apprenticeship/
    on-the-job training
  • work-study programs
  • flight training
  • licensing and testing programs (SAT, CLEP, AP, etc.)

Montgomery GI Bill

There are four categories of veteran eligibility, depending on when you enlisted and time in Active Duty.

Up to $1,368 per month for full-time studies

Veterans Educational Assistance Program (VEAP)

Provides matching funding for contributions made from military pay during Active Duty.

Veterans who first entered Active Duty between Dec. 31, 1976, and July 1, 1985, and started contributing before April 1, 1987

Contributions matched at the rate of $2 for every $1 put into the fund (maximum contribution: $2,700)

Scholarships

Direct cash, tuition payments, vouchers or waivers

Each scholarship has its own set of eligibility criteria.

Benefits range from $50 in book vouchers to full tuition, room and board.

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