"was generally considered to be a failure" (17) because it proved ineffective as a recruiting tool.
was first enacted by Congress for post Vietnam-era soldiers.
As long as individuals were contributors to VEAP
at any time in their military service, the new legislation allows them to convert to the GI Bill if they were on active duty on Oct.
Bill with the VEAP
contributed to a decline in the quantity and quality of recruits.
But who would've thought that a far superior educational package would come along a few years later and that VEAP
enrollment would be a prerequisite for eligibility?
The basic monthly payment under the MGIB Program is $650 for 36 months of full-time schooling for a maximum of $23,400, in comparison to a member enrolled in VEAP
, who would receive a up to $300 a month for 27 months of full-time training for a maximum of $8,100.
The window to change to the MGIB recently opened for Sailors with a VEAP
In 1996, thousands of active-duty members missed a chance to transfer to MGIB because they had "zero balances" in their VEAP