New GI Bill

*Pete* ^(Premo) · 07-01-2008, 10:21 AM

Yesterday the president signed the bill providing money for the war until the middle of 2008. What was also tucked neatly in the bill by democrats was the Jim Webb crafted new GI Bill and it is an amazing expansion of the benefit.

If you served for 90 consecutive days after 9/11/2001 you qualify. to get 100 % you must have 3 years service after 9/11. I retired 26 months after 9/11 so I get 80%.

The benefit is boosted to cover all tuition.

You get $1000 a year in books and fee allowance.

If you live on campus or attend school on campus and live nearby you get BAQ at the E-5 rate for that location.

You also get up to $1000 a month in cash.

The limit is 36 months but you have 15 years now to use it.

If you are a VEAP era or MGIB you qualify

If you are paying to join the MGIB you can stop paying.

If you served after 1985 you automatically qualify IF you served after 9/11.

This is the kicker. If you have it and have not used it all, you can transfer it to a spouse or child (tuition only).

So since I qualify and have until 2018 to use it, Boy graduates HS in 2014, and it is transferable, Jim Webb and the democrats just paid 80% of his first 3 years of college for me.

*desertrat* ^(Premo) · 07-01-2008, 10:24 AM

Nice.

thurley42 · 07-01-2008, 12:09 PM

sweet

Vince · 07-01-2008, 12:13 PM

Used all mine to get my degree. Wouldn't fall under this one anyway.

*bresamil* ^(Premo) · 07-01-2008, 12:13 PM

What an unexpected benefit!

*MMDad* ^(Premo) · 07-01-2008, 12:15 PM

What are they cutting to pay for it?

*virgovictoria* ^(Premo) · 07-01-2008, 12:15 PM

I heard about this yesterday!

Awesome!

*Pete* ^(Premo) · 07-01-2008, 12:21 PM

Quote:

Originally Posted by bresamil

What an unexpected benefit!

Makes up for me not getting my stimulus check.

*Pete* ^(Premo) · 07-01-2008, 12:21 PM

Quote:

Originally Posted by MMDad

What are they cutting to pay for it?

they are democrats, they don't care.

Vince · 07-01-2008, 12:22 PM

Quote:

Originally Posted by Pete

they are democrats, they don't care.

And you can bet your butt it won't be any of their pork programs.

07-01-2008, 10:24 AM	#2 (permalink)
desertrat ^(Premo) -_o Member Since: Jun 2005 Posts: 11,289	Nice.
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07-01-2008, 12:09 PM	#3 (permalink)
thurley42 9/13 OSU-USC..Get Ready! Member Since: Jan 2007 Posts: 1,306	sweet __________________ ..the fire down here goes on and on...
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07-01-2008, 12:13 PM	#4 (permalink)
Vince ...... Member Since: Mar 2003 Location: Lusby, MD. Posts: 12,223	Used all mine to get my degree. Wouldn't fall under this one anyway. __________________ "My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there's hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians." -- Harry Truman
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07-01-2008, 12:13 PM	#5 (permalink)
bresamil ^(Premo) Shuttle run driver Member Since: May 2004 Location: who cares - never there Posts: 9,169	What an unexpected benefit! __________________ We are not human beings going through a temporary spiritual experience, we are spiritual beings going through a temporary human experience. Ordinary people merely think how they shall "spend" their time, a man of talent tries to "use" it. - Arthur Schopenhauer We fool ourselves so often we could do it for a living. - Wireman
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