The post-Vietnam era Veterans Educational Assistance Program (VEAP) is hands down the most unpopular veterans education program ever devised by Congress.
Offered to persons who joined service from 1 January 1977 through 30 June 1985, VEAP is a pale imitation of every GI Bill education program offered before or since. Enrollees contribute up to $2,700 to a special education account. For every $1 withdrawn to cover education costs, the government provides $2 in benefits. Thus the maximum government-paid benefit is $5,400.
Congress finally shelved VEAP and began offering far more generous benefits through the Montgomery GI Bill (MGIB) to persons entering service on or after I July 1985. MGIB participants contribute only $1,20U for up to $15,400 in benefits.