Congress passed, and the President has signed into law, the VOW to Hire Heroes Act of 2011. The new law Includes a provision creating the Veterans Retraining Assistance Program for unemployed Veterans. The Department of Veteran Affairs (VA) and the Department of Labor (DoL) are working together to roll out this new program on July 1, 2012. The new program will provide retraining for Veterans hardest hit by current economic conditions.
The Veterans Retraining Assistance Program offers 12 months of training assistance to unemployed Veterans. To qualify, a Veteran must:
The program is limited to 45,000 participants during fiscal year (FY) 2012, and to 54,000 participants from Oct. 1, 2012, through March 31, 2014. Participants may receive up to 12 months of assistance at the full-time payment rate under the Montgomery GI Bill–Active Duty program (currently $1,473 per month). Applications will be submitted through DoL and benefits paid by VA. DoL will provide employment assistance to every Veteran who participates upon completion of their program.
Participants must be enrolled in a VA approved program of education offered by a community college or technical school. The program must lead to an Associate Degree, Non-College Degree, or a Certification, and train the Veteran for a high demand occupation.
VA will publish more details about the program as they become available.
Publication Date: 11/23/2011