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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.

VEAP Eligibility

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!

RELATED: 8 Tips for Using the GI Bill

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.

You can also head to the GI Bill Help Portal for information and assistance regarding your refund.

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)

 

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About the author

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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.