UCSB Veterans' Benefits

Chapter 32 - VEAP/Veterans Educational Assistance Program

This benefit is for those veterans who served between the Vietnam GI Bill Era and the Montgomery GI Bill era. Generally, between January 1, 1977 and June 30, 1985. Your contributions are matched on a $2 for $1 basis by the Government. Benefit entitlement is 1 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.
You may be eligible if:

Entered service for the first time between January 1, 1977, and June 30, 1985;
Opened a contribution account before April 1, 1987;
Voluntarily contributed from $25 to $2700;
Completed your first period of service; and
Were discharged or released from service under conditions other than dishonorable.

If you are currently on active duty and wish to receive VEAP benefits, you must have at least 3 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Contributions may be withdrawn if you do not meet the basic eligibility requirements or if you formally request a refund of the contributions withheld.
Come into the VA Office for any more questions or assistance for your benefits.