The following is an update to the previous blog post on the new VRAP GI Bill "retraining" benefit:
The new program, now known as Veterans Retraining Assistance Program (VRAP), will offer up to 12 months of Montgomery GI Bill benefits for older unemployed veterans. The program is part of the VOW to Hire Heroes Act which also includes tax breaks for companies that hire veterans.
That means that pre-9/11 veterans who often feel left out, may soon qualify for as much as $17,600 ($1473 a month) for education and training. Here's what you should know about the new VRAP:
- This benefit can be used to earn an associate degree, non-college degree, or certification, and training for a high demand occupation.
- According to the VA, the program will begin July 1, 2012.
- This new benefit will be limited to 45K vets in FY2012 and 54K for FY 2013 through March 31, 2014.
- Once participating veterans have completed the VRAP education program, the Dept. of Labor will provide employment assistance.
- To be eligible for the VRAP GI Bill Veterans must:
- Be at least 35 but no more than 60 years old.
- Be unemployed (as determined by DoL).
- Not have a dishonorable discharge.
- Not be eligible for any other VA education benefit program.
- Not be drawing VA compensation due to unemployability.
- Not be enrolled in a federal or state job training program.
Stay tuned for more details as VA releases them.
