|
Financial Aid
Home » Library » Military Assistance Degrees » How the GI Bill of Rights Can Help You Pay for College
How the GI Bill of Rights Can Help You Pay for College
If you serve between two and three years in active duty in any military branch, you are eligible for the GI Bill. Once you have been discharged, you will be given money in monthly installments to pay for college. There are a few stipulations you should keep in mind when signing up for the GI Bill.
- While you are serving in the military, you will receive a pay reduction if you elect to take GI Bill assistance. If you are discharged from the military early for any reason or you decide not to go to college after your active duty is up, you will forfeit any monies collected. Before signing up for the GI Bill, consider all of your options.
- Since the military also offers tuition assistance to those who are on active duty, many military personnel use this assistance and save their GI Bill monies until after they have left the military. This will allow them to pursue an additional degree later on. Tuition assistance while enlisted and on active duty is 100%.
- You have up to ten years to use your GI Bill monies for college after you have left the military. If you do not use the monies in ten years, you will forfeit the monies.
- You can use your GI Bill monies toward any accredited college, distance learning program, or apprenticeship.
- You must have all programs approved by the military before enrolling. The military has restrictions as to the types of programs they will pay for.
- If you attended a military college prior to joining the military, you are not eligible for the GI Bill or other forms of tuition assistance.
- The GI Bill will pay up to $30,000 toward your education that you do not have to repay at any time.
The GI Bill is a program offered by the Veterans Administration as a way to reward soldiers for their services. For many, it is the only way to pay for college. Offering money for college is also a way to attract more people to the military. If you want to go to college, you should consider signing up for the GI Bill. Monthly payments can cover tuition costs, equipment costs, and other costs associated with college. Many people who are currently in the military are taking online classes and will continue to do so even after they are discharged.