§3014A Accelerated Payment of Basic Educational Assistance for Education Leading to Employment in High Technology Occupation in High Technology Industry

Summary

You may choose to get an accelerated payment of your basic educational assistance if you qualify. To qualify you must be in an approved program that leads to a high-technology job in a high-technology industry, and your tuition and fees for the enrollment period must average more than 200 percent of the usual full-time monthly benefit you would otherwise get. The accelerated payment will be the smaller of 60 percent of the program’s established charges or the total benefit money you still have left. Established charges means the actual tuition and fees nonveterans would pay; for term-based programs it is the charge for that term, and for non-term programs it is the charge for the whole program. The school must certify enrollment and the charges to the Secretary. The payment must be made no later than the last day of the month after the Secretary gets that certification. The months of your benefit that are used up will be the accelerated payment divided by the full-time monthly benefit rate at the start of the enrollment, prorated if the rate rises later. You cannot get this accelerated payment if you already received an advance for the same period under section 3680(d). The Secretary must write rules to run the program and handle overpayments.