Veterans Education and Training Act of 1981

[AI summary unavailable — showing source text] Veterans' Education Training Act of 1981 - Establishes a Peacetime Veterans' Educational Assistance Program for members of the armed forces who enlist or reenlist after the date of enactment of this Act and: (1) serve for no less than two years and are released from such service by honorable discharge, are placed on the retired list or the temporary disability retired list, or are transferred to the Fleet Reserve or the Fleet Marine Corps Reserve; or (2) serve in the Selected Reserves for not less than six years. Entitles eligible members who serve on active duty to 18 months of educational assistance at the end of 24 months of such service, one-half month of such assistance for each additional month of service up to a total of 36 months, and one month of educational assistance for each month of total service between 36 and 48 months. Entitles eligible members who enlist for a period of six years of Reserve duty to nine months of assistance upon the completion of two years of service and one month of such assistance for each three additional months of service. Limits educational assistance entitlements to ten years beyond an eligible member's last discharge or release from active d…