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GI Bill User Guide for Veterans

August 24, 2012

What benefits are available to you as a veteran? There are plenty of options available to get a college education with. Part of receiving these benefits is just knowing what's available. If you haven't yet tapped into your GI Bill benefits, now is the time to get started. You only have a limited amount of time to take advantage of these benefits before they disappear. This guide goes over a bit about Montgomery GI Bill and Post-9/11 GI Bill benefits as well as other programs that are available to help veterans get an education or job training assistance.

Montgomery GI Bill

The MGIB is available for service members who are pursuing a college education or job training. You can pay for college, business technical or vocational courses with these benefits, as well as take distance learning or online courses, certification tests, job training or flight training. The education benefits through MGIB are worth over $50,000 and offer a payment rate for full time students that is $1,473 a month for 36 months. If you sign up for the Army, Navy or Marine college fund, your benefits may actually be much higher. In order to qualify for MGIB, you must contribute $100 a month for the first 12 months that you are in active duty or qualify under VEAP. You must have completed high school or have a GED certificate before applying for benefits. You also must have served at least 2 years on active duty. You can apply for these benefits through Veterans Affairs website.

Post 9/11 GI Bill

The Post 9/11 GI Bill is a benefit program for service members and veterans that are going to college or taking training programs at accredited colleges and universities. Post 9/11 benefit payments are actually created in tiers based on the amount of active duty service that you completed since September 10th, 2001. You can receive full tuition and fee coverage, a monthly housing stipend, $1,000 for books and supplies, one time relocation allowance, transferability to dependents, and other tuition assistance through Post 9/11 GI Bill. In order to be eligible, you must have served at least 90 days on active duty after September 10th, 2001. You must also have received an honorable discharge. To read more about eligibility and apply, go to Veterans Affairs.

Veterans Education Assistance Program (VEAP)

VEAP was created as an education assistance program that is available if you chose to contribute some of your military pay to participate in the program. The government matches the contribution on a $2 for $1 ratio. You may use the benefits to pursue a degree, certificate, online program, apprenticeship or job training course, as well as vocational flight training programs. In addition, remedial, deficiency, and retraining programs may also be available under VEAP. To be eligible, you must have entered service for the first time between January 1st, 1977 and June 30th, 1985 and opened an account before April 1st, 1987. You need to have voluntarily contributed a minimum of $25 to $2,700. To read more about VEAP and other programs, you can find more benefits at the Department of Veterans Affairs.

Find Post-Military Education

Many schools set up entire veterans communities with transition assistance, tutoring, prep courses and stable support system. Finding a college that provides services for veterans is simple.

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