In response to a request from Congress, the General Accounting Office studied veterans education benefits, known as GI benefits, comparing the benefits received by veterans with those received by nonveterans and investigating whether receiving GI benefits affects veterans eligibility for other financial aid. Data were collected from two U.S. Department of Education databases with information on large numbers of veterans and nonveterans. Findings suggest that the receipt of GI benefits may affect veterans eligibility for some federal grants, loans, and tax incentives. Under Title IV, receiving GI benefits does not affect the amount of aid veterans may receive under the Pell grant and Stafford loan programs, but it may affect the amount they receive in unsubsidized loans and through campus-based programs. In some cases, GI benefits are considered as another source of financial aid for students, which may decrease financial need and the amount of need-based aid provided. Receiving GI benefits may also affect the amount veterans can claim in federal tax incentives available for postsecondary education. On average, veterans and nonveterans with comparable characteristics are awarded similar amounts of federal Title IV aid, and when GI benefits are included, the total amount of federal assistance is greater for veterans than for nonveterans. Appendix 1 contains a chart of estimated Title IV aid awarded to students, and Appendix 2 contains comments from the Department of Veterans' Affairs. (SLD)