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Posted at 10:52 AM on Monday, March 3, 2008 by post2208(via VA Press Release)
WASHINGTON (March 3, 2008) - Some members of the National Guard and the Reserves who serve on active duty will see a significant increase in their educational benefits, thanks to improvements announced today by the Department of Veterans Affairs (VA).
"Reservists and National Guardsmen who serve multiple tours on active duty may get an increase in their educational benefits, in keeping with the value of their service to our nation," said Secretary of Veterans Affairs Dr. James B. Peake.
Under new provisions, members who accumulate three years on active duty, regardless of breaks in service, may be eligible for the maximum payment under the Reserve Education Assistance Program (REAP). Previously, reservists and guardsmen had to serve two continuous years on active duty to receive the highest payment.
The new eligibility rules are retroactive to October, 1, 2007. The top payment under REAP is currently $880.80 per month.
The new law, part of the National Defense Authorization Act, also expands the period of eligibility for certain Guard and Reserve members who complete their service obligation before separation from the selected reserve.
Members meeting these criteria may be eligible to use REAP benefits for a period of ten years following discharge. Benefits typically end upon separation for members who do not complete their full, obligated service.
Additionally, some REAP-eligible National Guard and Reserve members may now make an extra contribution to the Department of Defense to increase their monthly benefit rates. Service members receive an additional $5 per month for each $20 contributed. With the maximum $600 contribution, this option can add up to $5,400 to a member's total 36-month education benefit package.
Beginning on October 1, 2008, participants in REAP and the Montgomery GI Bill program for the Selected Reserve who pursue non-degree programs lasting less than two years may also be eligible to receive accelerated payments.
During FY 2007, more than 60,000 National Guardsmen and reservists were paid under REAP, more than 41,000 were paid under the Montgomery GI Bill program for the Selected Reserves, and approximately 344,000 participants were paid under the Montgomery GI Bill for active-duty members.
For more information on changes to VA's GI Bill benefits, go to www.GIBILL.va.gov or contact VA directly at 1-888-GIBILL1 (or 1-888-442-4551).