§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 early, lump-sum payment of your basic education benefit if you are in an approved program that leads to a high-technology job and your tuition and fees, when worked out per month, are more than 200 percent of the monthly basic education benefit you would normally get. The school must tell the VA how much those charges are. The early payment will be whichever is smaller: 60 percent of the school’s “established charges” for your program, or the total education benefit you still have left. The VA must pay that lump sum by the last day of the month after the month it gets the school’s certification. The VA will reduce your benefit entitlement by the number of months equal to the lump sum divided by your full-time monthly rate at the start of the enrollment; if your monthly rate rises during the enrollment, the VA will prorate the charge. You cannot get this early payment if you already got an advance under section 3680(d) for the same period. The VA will make rules about requests, payments, use, and recovering any overpayments. Defined term: Established charges — the tuition and fees nonveterans in the same program would pay (for term programs, the charge for that term; for non-term programs, the total program charge).