What is the Army College Fund?
Combined with the Montgomery GI Bill, the Army College Fund (ACF) is a program of the U.S. Military that allows a qualified individual to receive as much as $83,448 to put towards a college education as of 2010.ConceptThe program is designed to fill positions in the military that are in need of recruits. Hence, only certain jobs are eligible and a recruit must commit to a qualifying Military Occupational Specialty code in order to be offered the ACF bonus.HistoryThe Army College Fund originally was authorized by Congress in 1979. The Army and Navy implemented the program two years later.RequirementsIn order to qualify for the ACF, enlistees must have no prior service, possess a high school degree upon assuming active duty status, and meet a certain minimum on the Armed Forces Qualification Test. The program is open to those with enlistments of two years or more.IneligibilityIf the ACF was not in a soldier’s original enlistment agreement he or she cannot qualify for it after become acti
