Information on the GI Bill - Military Financial Assistance

The GI Bill for Military Financial Assistance

The downside of a college education is that cost is constantly on the rise, and a combination of various grants, loans, and scholarships sometimes just aren't enough to cover the expenses. The G.I. Bill was developed to assist those who serve in the United States military with their college expenses. It can also assist with vocational training, job placement, and technical training in lieu of college. The G.I. Bill was first adapted in 1944. Since then, it has become a well known source of money for those serving and who have served in the military so that they can attend school once they get out.

The Post-9/11 GI Bill has an average monthly allowance of $673 to $1,347 depending on dependants, and years served in the military. There are also stipends granted for books and supplies. Additionally, certain states like Arizona, Michigan, New Hampshire, and New York offer greater tuition reimbursement under the Post-9/11 GI Bill.

There are certain requirements that must be met in order to be eligible for the G.I. Bill. First, you must be active within either a branch of the U.S. military or enrolled in the reserves for a certain period of time. There are various forms of the G.I. Bill, and most require you serve at least two years active duty for minimum benefits, and three years or more to receive the maximum benefits. If you are a reservist, typically an enrollment period of six years with the United States Reserves applies. Speak with your local military enrollment office for more information. You may also contact the United States Department of Veterans Affairs, who can give you comprehensive information on the bill.

SOURCE: http://www.gibill.va.gov

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