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Veterans now qualify for reimbursement of NFA proficiency exam fees

Effective immediately, veterans and eligible dependents may use their G. I. Bill benefits to pay the cost of NFA proficiency exams. The reimbursement service is provided by the U.S. Department of Veterans' Affairs.

Exams eligible for reimbursement are the National Commodity Futures Exam (Series 3), the Futures Managed Funds Exam (Series 31), the Limited Futures Exam/Regulation (Series 32), the Financial Instruments Exam (Series 33) and the Branch Manager Exam (Series 30).

Individuals requesting reimbursement will need to send the following items to their local Veterans' Administration Regional Processing Office:

  • An application for benefits (VA form 22-1990 or VA form 22-5490 as appropriate) if they have not done so before. These can be obtained at a local, state or federal VA office.
  • A copy of the exam results.
  • The name of the exam taken.
  • The name and address of the organization issuing the license or certification (NFA).
  • The date they took the exam.
  • The cost of the exam and proof of payment.
  • The following statement: "I authorize release of my test information to VA."

Individuals can be reimbursed for the exam up to one year after taking the exam.

For additional information visit the VA's Web site at www.gibill.va.gov . Click on the link to the Licensing and Certification page.

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