VA to Refund Unused VEAP Funds to Veterans
The Department of Veterans Affairs (VA) is attempting to give back over $300 million to thousands of Veterans who have unused VEAP benefits.
The Veterans Educational Assistance Program (VEAP) is a program offered by the VA to help Veterans continue their education.
You were eligible for VEAP if all of the following are true:
- Entered military service for the first time between January 1, 1977 and June 30, 1985 (for all branches except the Air Force)
- Opened a VEAP account and put money into it before April 1, 1987
- Put in between $25 to $2,700 of your own money
- Finished your first period of service and did not receive a dishonorable discharge
If you served in the Air Force, then there were additional eligibility requirements for VEAP.
There are over 100,000 Veterans who could get up to $2,700 back!
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The VEAP Refund
If you are a Veteran who put money into your VEAP account and did not use any or all of those benefits, the VA is looking to refund your money to you.
As a VEAP participant, you are eligible for a refund of the unused contributions you made during your service. To receive a refund, you will need to complete:
VA Form 22-5281 Application for Refund of Education Contributions (VEAP, Chapter 32, Title 38, U.S.C.)
Once complete, mail it to your nearest VA Regional Office. Here’s a list of regional offices that can serve you.
If you prefer, you can contact the VA at 888-GIBILL-1 (888-442-4551) between 7 a.m. to 6 p.m. Central Time, Monday through Friday.
If you’re overseas, call 001-918-781-5678, also M-F between 7 a.m. to 6 p.m. Central. Be advised, this is NOT a toll-free number.
(Image courtesy of Bankrx via Shutterstock)
About the author
Robert Haynes is a retired Army infantryman who has a squad of kids and is married to an active duty Soldier. He is a veteran of Operation Iraqi Freedom, who spent his last few years in the Army as a Drill Sergeant. He is now a full-time dad, freelance writer, and out-of-work comedian.