VET-TEC Program Reauthorization: Tech Training and Housing Loan Fee Extension for Veterans.
This Act reauthorizes and formalizes the VET-TEC program, providing veterans with access to rapid, intensive training in high-demand technology fields like programming and data analysis. The program is strongly focused on employment outcomes, as training providers receive full payment only if the veteran secures a job in the relevant field. Furthermore, the law extends the duration of VA housing loan fees, impacting the costs associated with veteran home purchases.
Key points
Veterans gain guaranteed access to high-tech training (e.g., programming, data analysis) until September 2028, limited to 6,000 participants annually.
Payments to training providers are performance-based: 50% of the tuition cost is paid only after the veteran finds employment in the technology field.
The program provides educational assistance and a housing stipend for eligible veterans.
The expiration date for VA housing loan fees is extended from November 2031 to March 31, 2032.
Expired
Additional Information
Print number: 118_S_1678
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2023-05-18