Your Education Benefits: Montgomery GI Bill for Selected Reserve, REAP, and More

Several programs administered by the Department of Veterans Affairs (VA) provide financial assistance to veterans for education programs. To receive benefits, the education program must be VA approved. You may receive benefits for a wide variety of approved training, including undergraduate or graduate degree programs at a college or university. Also included are accredited independent study programs, leading to a standard college degree as well as a cooperative training program. Technical and vocational programs, correspondence courses, flight training courses, on-the-job training and apprenticeship programs, licensing and certification test reimbursement and national tests for admission or credit may also be taken.
The two programs designed for members of the Guard and Reserves are the Montgomery GI Bill-Selected Reserve (MGIB-SR) and the Reserve Education Assistance Program (REAP). 
If you originally served in an active duty component before affiliating with the National Guard or Reserves, you may have remaining benefits under either the Veterans' Educational Assistance Program (VEAP) or the Montgomery GI Bill (MGIB). Both programs are intended to help you develop skills that will enhance your opportunities for employment. As a rule, the benefits under either of these programs must be used within 10 years of separation from active duty. However, your 10-year limit may be extended if you were activated for more than 90 days during your service in a Reserve Component. Consult with your unit Education Officer, Navy College Representative, or contact the Regional VA Office nearest you and speak with a counselor regarding these benefits.
--------------------------------------------------------------------------------------------------------------------- Hot Tip:
Be sure to fill out and submit VA Form 22-1990, “Application for Education Benefits” (http://www.vba.va.gov/pubs/forms/22-1990.pdf) as soon as possible, even if you are not ready to begin school. You will reduce the processing time later by doing this now.
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Your eligibility for any of VA administered education programs is determined by many factors including length of service (duty) requirements, original enlistment date, character of service, and whether or not you were activated. Each program's eligibility criteria is listed below:
MGIB-SR Eligibility
You must have received a "Notice of Basic Eligibility" after signing a six-year obligation to serve in the Selected Reserve or National Guard.
MGIB eligibility is straightforward for most veterans, but it can be complex for others. If you have questions about MGIB-SR eligibility, check with your Education Center, or call the VA toll-free education number, 1-888-GI Bill-1 (1-888-442-4551). You may also get information at the VA Education Service website http://www.gibill.va.gov
Reserve Education Assistance Program (REAP) – Chapter 1607
To be eligible for REAP, under Chapter 1607, you must have served on active duty on or after September 11, 2001 under Title 10, U. S. Code at least 90 consecutive days under a contingency operation. 
Disabled Service members who have an illness or disease incurred or aggravated in the line-of-duty are released before completing 90 consecutive days, are also eligible.  

Need–to–know Information