Veterans' Benefit Expiration Dates Week of May 26, 2008 Many of your benefits have an expiration date. Below are a few important ones to remember so you don't lose out. View a complete list of benefits. Tuition Assistance: $4,500 a year that expires as soon as you transition from Active Duty. Montgomery GI Bill for Active-Duty (MGIB): 10 years from date of last discharge or release from active duty. Veterans Education Assistance Program (VEAP): 10 years from date of last discharge or release from active duty. Montgomery GI Bill for Selected Reserve (MGIB-SR): 14 years from the date of eligibility for the program, or until released from the Selected Reserve or National Guard. Some extensions available if activated. Vocational Rehabilitation and Employment (VocRehab): Generally, 12 years of separation from service or within 12 years of being awarded service-connected VA disability compensation. Servicemembers' Group Life Insurance (SGLI): Coverage ends 120 days after separation or can be extended up to 1 year for totally disabled veterans. If you have not started using your benefits, time may be running out. Take the first step and request free information from Military Friendly schools that can give you college credit for your military service and training. Many schools even offer tuition discounts for servicemembers. Find Military Friendly Schools now.