Since 1944, millions of veterans have gone back to school using the Montgomery GI Bill. This bill provides students with a direct monthly payment they can use to cover tuition, fees, books, and other costs. Veterans and service members who have been on active duty for at least two years can benefits from this program and can receive up to 36 months of benefits for up to 10 years after retirement or honorable discharge, however this number can vary on a case by case basis.
The monthly payment rate for students varies between depending on factors such as:
- If they are full or part-time students
- Their college and education type
- If they receive other benefits or aid
- Whether they participate in the $600 buy-up program which allows beneficiaries to get as much as $5,400 more in GI Bill benefits with an additional $600 contribution
Up to date monthly payment rates
Montgomery GI Bill
Like the Montgomery GI Bill, the Post-9/11 bill is an important educational benefit provided by the Department of Veterans Affairs to significantly alleviate the cost of school for veterans. Introduced in 2009, it offers financial aid for veterans who served on or after September 11, 2001. The Post-9/11 GI Bill pays tuition and fees, a monthly housing allowance, and a book stipend. All benefits are paid on a sliding scale based on the length of service.
The Post-9/11 GI Bill can be transferred to spouses and children.
To qualify for these generous benefits, veterans must have served for at least 90 aggregate days or 30 days and obtained an honorable discharge following a service-related disability. To get full 100% benefits, veterans must have served for at least 36 months starting on or after September 11, 2001. The amount of benefits obtained through te Post-9/11 bill depends directly on length of service.
To apply for the Post-9/11 GI Bill, visit the VA's eBenefits website. It will take approximately 8 to 12 weeks for the Department of Veterans Affairs to process the application for benefits. Once the application is finalized, the student will receive a Certificate of Eligibility verifying the amount of benefits and months of entitlement available.
Post-9/11 GI Bill
Student veterans who want to further their educations at more expensive schools may not be able to cover their tuition and fees fully with the Post-9/11 bill as there is a maximum annual threshold. To offset additional costs, veterans can explore the Yellow Ribbon Program if they are eligible.
The Yellow Ribbon program allows participating schools to provide additional funds or grants directly to students for tuition and fees.The amount contributed by the schools is then matched dollar per dollar by the Department of Veterans Affairs. This allows many students to go to top schools without disbursing a cent.
Yellow Ribbon Program