Most Americans, civilians and members of the Armed Forces, share the belief that getting a college education is among the goals we hope to accomplish in our lifetimes. And for many of us, we would like to ultimately complete a program that results in a degree or certification that will enhance our personal and professional development. However, the reality is that the cost of higher education is continuing to go up, and even attaining a combination of grants, loans and scholarships just isn’t enough to cover all of the associated expenses. In support of those who serve our country and their family members, the Military developed the GI Bill to provide financial assistance for the pursuit of education. First adapted back in 1944, the GI Bill has become a well-known and frequently utilized source of money for those currently serving and who have served in the Armed Forces so that they have the option of furthering their education. In lieu of college, the Bill can also be used toward vocational training, job placement, and technical training. The GI Bill will generally cover up to 36 months of schooling, which is equivalent to eight semesters or four years of college education. While the amount of compensation varies, on average, it is approximately $1,034 per month, and about $840 per month for those who served in the military for two years or under. These rates apply to those students who are attending school or training programs on a full-time basis. Individuals who are only enrolled part-time, the financial compensation is less. For example, part-time students who served in the Military for at least two years will receive $517 each month for expenses, while those with less than two years of service can expect a monthly payment amount of $420. A veteran typically has between 10 and 14 years to use his or her benefits awarded under the GI Bill. If not used by the said deadline, he or she will lose those benefits. In order to be eligible for Military financial assistance through the GI Bill, certain requirements must be met. For one, you must be active within a branch of the US Military (i.e. Army, Navy, Air Force, Marines, National Guard) or be enrolled in the reserves for a specified period of time. Since there are various forms of the Bill, it will depend on which one you are looking to qualify for. To receive minimum benefits, most require you to serve for at least two years on active duty, and three years or more to receive the maximum amount. An enrollment period of six years with the United States Reserves typically applies for reservists looking to obtain benefits. Before using your GI Bill or taking any classes, it’s always a good idea to consult with your Education Service Officer of Navy College representative. They have the training to help you make the most of your benefits. For comprehensive details regarding the Bill, contact the United States Department of Veteran Affairs. For the latest details concerning Post 9/11 GI Bill Tuition Assistance benefits and procedures, please visit your education counseling office. *This article is based on publicly-accessible information and has not been reviewed or approved by any military branch. Click here to learn more about GI Bill and Montgomery GI Bill
Most Americans, civilians and members of the Armed Forces, share the belief that getting a college education is among the goals we hope to accomplish in our lifetimes. And for many of us, we would like to ultimately complete a program that results in a degree or certification that will enhance our personal and professional development.
However, the reality is that the cost of higher education is continuing to go up, and even attaining a combination of grants, loans and scholarships just isn’t enough to cover all of the associated expenses. In support of those who serve our country and their family members, the Military developed the GI Bill to provide financial assistance for the pursuit of education.
First adapted back in 1944, the GI Bill has become a well-known and frequently utilized source of money for those currently serving and who have served in the Armed Forces so that they have the option of furthering their education. In lieu of college, the Bill can also be used toward vocational training, job placement, and technical training.
The GI Bill will generally cover up to 36 months of schooling, which is equivalent to eight semesters or four years of college education. While the amount of compensation varies, on average, it is approximately $1,034 per month, and about $840 per month for those who served in the military for two years or under. These rates apply to those students who are attending school or training programs on a full-time basis.
Individuals who are only enrolled part-time, the financial compensation is less. For example, part-time students who served in the Military for at least two years will receive $517 each month for expenses, while those with less than two years of service can expect a monthly payment amount of $420. A veteran typically has between 10 and 14 years to use his or her benefits awarded under the GI Bill. If not used by the said deadline, he or she will lose those benefits.
In order to be eligible for Military financial assistance through the GI Bill, certain requirements must be met. For one, you must be active within a branch of the US Military (i.e. Army, Navy, Air Force, Marines, National Guard) or be enrolled in the reserves for a specified period of time. Since there are various forms of the Bill, it will depend on which one you are looking to qualify for. To receive minimum benefits, most require you to serve for at least two years on active duty, and three years or more to receive the maximum amount. An enrollment period of six years with the United States Reserves typically applies for reservists looking to obtain benefits.
Before using your GI Bill or taking any classes, it’s always a good idea to consult with your Education Service Officer of Navy College representative. They have the training to help you make the most of your benefits. For comprehensive details regarding the Bill, contact the United States Department of Veteran Affairs.
For the latest details concerning Post 9/11 GI Bill Tuition Assistance benefits and procedures, please visit your education counseling office.
*This article is based on publicly-accessible information and has not been reviewed or approved by any military branch.
Click here to learn more about GI Bill, Montgomery GI Bill, and Post 9/11 Gi Bill
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