Purpose of this program:
To provide educational assistance to persons entering the Armed Forces after December 31, 1976, and before July 1, 1985; to assist persons in obtaining an education they might otherwise not be able to afford; and to promote and assist the all volunteer military program of the United States by attracting qualified persons to serve in the Armed Forces. In addition, individuals who were on active duty on September 30, 1990, or after November 29, 1993, and who are involuntarily separated from active duty after February 2, 1991, may elect Montgomery GI Bill (MGIB) benefits. However, they must have their basic pay reduced by $1,200. Similarly, those who are voluntarily separated after October 23, 1992, under the Voluntary Separation Incentive (VSI) or the Special Separation Benefit (SSB) programs, may make such an election. They too must have their basic pay reduced by $1,200. Recent law was changed to permit additional VEAP individuals to elect benefits under the MGIB. To be eligible the individual must have been a participant under chapter 32 on or before October 9, 1996, and must continuously serve on active duty since October 9, 1996, through at least April 1, 2000. There are some other eligibility criteria which must be met. VEAP participants must make this election by November 1, 2001. If you think you may be eligible for the election, you should contact the nearest VA regional office.