What if the new Post 9/11 GI Bill isn enough to cover my online post-graduate studies?
Under the new Post 9/11 GI Bill, you will have two options. First is to decline the Post 9/11 benefits and continue to use the MGIB. This is one reason why the new law included a 20 percent increase in the current MGIB (chapter 30) benefits. The other option is called the ” Yellow Ribbon Program.” Under the Yellow Ribbon Program, colleges and universities may voluntarily enter into an agreement with the Department of Veterans Affairs to fund up to 50 percent of the established charges not already covered under chapter 33. VA will match each additional dollar funded by the school. Only individuals entitled to the 100 percent benefit rate (based on service requirements) may receive this funding. Many veterans may face a difficult choice next year. You will need to carefully weigh your options. You may find that declining the Post 9/11 GI Bill and sticking to the MGIB will best serve your needs. Ultimately the choice is up to you, take your time and be sure to consider all the facts befor
Related Questions
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- Im using the Post-9/11 GI Bill to pay for a portion of my tuition. Can I use financial aid to cover the rest?
- What if the new Post 9/11 GI Bill isn enough to cover my online post-graduate studies?
