What don veterans understand about the new GI Bill benefit?
There seems to be a feeling among some folks that when we talk about receiving tuition and fees up to the maximum in-state public tuition, it means they will receive an amount equal to their maximum in-state tuition and if they go to a cheaper school they pocket the difference. That’s not the case. Would you explain the new GI Bill’s “yellow ribbon” provision? A school that charges higher than the maximum in-state public tuition can enter into an agreement with VA to waive up to half of the difference between their tuition and the maximum in-state public tuition. VA then will match that amount, paying up to half of the difference itself. Another new feature is the relocation stipend, a single, one-time payment of $500 for individuals who live in a highly rural area [having fewer than seven people per square mile] and must move more than 500 miles to attend a program of training. Finally, there is a transferability feature… We get the most questions on that. First, transferability doe
