The White Falcon - 03.11.1978, Blaðsíða 7

White Falcon
^Replaces G.l. Bill
Page 7
VEAP Key to promotion
via off-duty education
VETERANS EDUCATIONAL ASSISTANCE PROGRAM
"Education is the best provision
for old age," wrote Aristotle some
2,000 years ago. The wisdom of his
observation is reemphasized during
American Education Week, November
12-18.
Education is also a key to ad-
vancement in today’s Armed Forces.
Servicemembers can cash in on
golden educational opportunities by
signing up for the Veterans Educa-
tional Assistance Program (VEAP).
VEAP has replaced the old G.l.
Bill. People who entered the Ser-
vices after December 31, 1976, are
eligible to participate in the con-
tributory program by setting aside
as much as $75 each month in an ed-
ucation. fund.. Uncle Sam will add
two dollars for each dollar saved
by a Servicemember.
After contributing the maximum
each month for three years, and
adding the government's contribu-
tion, a Servicemember will have
accumulated $8,100 to be used to
pay educational expenses while in
the Service, after separation, or
both.
Though a $75-per-month contri-
bution is the maximum, military
people can set aside as little as
$50 each month or any $5 incrament
in between. Members must agree,
however, to participate in the pro-
gram for a minimum of 12 months. A
Servicemember may also later with-
draw his or her unused share of tne
fund.
Your
Contribution You
After One Year Save
$50.00 a month $ 600.00
$55.00 a month $ 660.00
$60.00 a month $ 720.00
$65.00 a month $ 780.00
$70.00 a month $ 840.00
$75.00 a month $ 900.00
After Two Years
$50.00 a month $1200.00
$55.00 a month $1320.00
$60.00 a month $1440.00
$65.00 a month $1560.00
$70.00 a month $1680.00
$75.00 a month $1800.00
After Three Years
$50.00 a month $1800.00
$55.00 a month $1980.00
$60.00 a month $2160.00
$65.00 a month $2340.00
$70.00 a month $2520.00
$75.00 a month $2700.00
Matching funds will be paid to
students for the same number of
months as they participated in VEAP
(See adjacent chart). If a Ser-
vicemember contributed for 24 months
for example, he or she could
receive as much as $225 a month for
24 months ($75 contributed plus
$150 matched funds = $225).
Servicemembers who entered ac-
tive duty before January 1, 1977,
cannot participate in VEAP, but are
eligible for benefits under the
previous G.l. Bill. In fact, after
formulating VEAP, Congress passed
another educational bill which in-
creased G.l. Bill benefits for vet-
Government Total
Contribution
$1800.00
$1200.00 $1980.00
$1320.00 $2160.00
$1440.00 $2340.00
$1560.00 $2520.00
$1680.00 $2700.00
$1800.00
$3600.00
$2400.00 $3960.00
$2640 00 $4320.00
$2880.00 $4680.00
$3120.00 $5040.00
$3360.00 $5400.00
$3600.00
$5400.00
$3600.00 $5940.00
$3960.00 $6480.00
$4320.00 $7020.00
$4680.00 $7560.00
$5040.00 $8100.00
$5400.00 (Maximum Amount)
erans not eligible for VEAP.
Called the G.l. Bill Improvement
Act of 1977, it increased education-
al benefits by six percent for vet-
erans not eligible for VEAP and re-
quired that benefits be used within
10 years of discharge or by Decem-
ber 31, 1989, whichever comes first.
Single veterans going to school
full time in a VA-approved educa-
tional program now receive $311 each
month. Veterans with one dependent
receive $370 a month; with two de-
pendents, $422, plus $26 a month for
each additional dependent.
For more information on your G.l.
Bill educational benefits, contact
your local educational services
office.
/
Radio/TV
sports
schedule
v
Another weekend of football is
upon us and the Navy Broadcasting
service (NBS) kicks off its cover-
age of the key games with the tele-
cast of the Texas Arkansas clash at
noon, Saturday. Also that day,
Radio takes charge at 5:45 p.m.,
when the number two team in the
Nation, Penn State, plays host to
Maryland. Radio continues its
football coverage at 9:05 p.m. as
the Naval Academy places its un-
beaten record on the line against
Notre Dame.
Sports on Sunday starts early
with pro-ball taking over. The
Miami Dolphins and New England Pa-
triots battle on Channel 4 at 12:10
p.m. Later in the afternoon at
6 p.m., radio listeners will hear
the New Orlean Saints, Pittsburgh
Steeler encounter. This game will
be immediately followed by an im-
portant game in Miami, as Tom
Landry takes his Cowboys to play
the Dolphins at 9-p.m.
At 2 a.m. Monday morning, radio
draws to a close its football '•ov-
erage • with the Washington Redskins
and Baltimore Colts .clash. Channel
4 finishes its weekend in Three
Rivers Stadium when Chuck Noll’s
Steelers entertain the visiting
Houston Oilers at 9:05 P.M.