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Have You Signed Up for the New G.I. Bill?

Tuesday, May 19, 2009

Make the most of your service -- the new military G.I. Bill pays more and lets you transfer benefits. The VA is now accepting applications for the Post-9/11 G.I. Bill. This new educational benefits package, known as Chapter 33, offers additional benefits beyond paying for tuition -- including a new housing stipend.

The Post-9/11 G.I. Bill goes into effect on August 1, 2009. You are eligible if you served a minimum of 90 days on active duty after September 10, 2001. You don't have to pay into this benefit each month; and you can transfer your benefits to your spouse or children.

What You'll Get

- Full tuition and fees
- Monthly housing stipend*
- Money for books and supplies
- Transferability of entitlement
- Kicker -- if you receive it now, you'll still get it with the new benefits

The amount paid under the Post-9/11 G.I. Bill will vary depending on your state of residence, number of units taken, and amount of post-9/11 active-duty service.
Here are the percentages that are available:

Percentage of Payment -- Amount of Military Service
100% -- 36 or more months
100% -- 30 or more consecutive days with disability-related discharge
90% -- 30 total months
80% -- 24 total months
70% -- 18 total months
60% -- 12 total months
50% -- 6 total months
40% -- 90 or more days

The Department of Veterans Affairs started accepting applications on May 1, 2009. If you are already enrolled in the Montgomery G.I. Bill and also meet the criteria for the Post-9/11 G.I. Bill, you have the option to transfer your remaining MGIB benefits to the new program. Although the new bill offers comprehensive benefits, you may find that the original Montgomery G.I. Bill better suits your needs.

One of the biggest additions of the Post-9/11 G.I. Bill is the option for service members to transfer their benefits -- if you are an active-duty service member with at least six years of experience, you can shift your G.I. Bill benefits to your spouse or children if you commit to at least four additional years of service.

You can enroll online at www.gibill.va.gov or call (888) 501-5221 to learn how you can make the most of your new benefits. Your educational options just got better -- enroll in a certificate program without paying anything, plus receive additional benefits.

*Restrictions apply

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Posted by Heather Brunson @ 3:28 PM • 1 comments

1 Comments:

At June 9, 2009 6:40:00 AM PDT, Anonymous Anonymous said...

Please correct: Chapter 33 does not replace the Montgomery GI Bill which will continue.

 

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