§3014A Accelerated payment of basic educational assistance for education leading to employment in high technology occupation in high technology industry

Summary

You can choose to get an accelerated (upfront) payment of your basic education benefit if you are entitled to that benefit, are enrolled in an approved program that leads to a high-technology job and industry (as the Secretary decides), and your tuition and fees per month are more than 200 percent of the monthly benefit rate. The upfront payment will be the smaller of 60 percent of the program’s established charges or the total benefit amount you have left. The school must certify your enrollment and the charges, and the Secretary must pay the accelerated amount by the last day of the month after the month the certification is received. The upfront payment reduces your remaining benefit months by dividing the payment by the full-time monthly benefit rate at the start of the enrollment; if that rate rises during the program, the reduction is prorated. You cannot get this accelerated payment if you already received an advance for the same period under section 3680(d). The Secretary must make rules about how to request, issue, certify, deliver, and recover these payments. Defined term: "established charges" = the actual tuition and fees that similar nonveterans pay (per term for term-based programs, or for the whole program if not term-based).