How Much is the GI Bill Worth? - Amazing!

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★ Which GI Bill is Better? - Montgomery & Post-9/11 GI Bills
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https://youtu.be/CD-FlkWOQ6E

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The VA website is the final authority on all information relating to the GI Bills. The VA can be contacted at 1-888-441-4551.

Scenario 1) Community College
- Yearly Tuition and Fees for Carl Albert State College = $3,412
- BAH for For Chaffee, AR (72905) = $813
- (4 x $3,412) + (4 x $1,000) + (36 x $813) = $46,916

Scenario 2) Online State University
- University of Wisconsin Online Tuition and Fees = $12,851
- BAH for online schools (half the national average) = $825
- (4 x $12,851) + (4 x $1000) + (36 x $825) = $85,104

Scenario 3) International University
- Seoul National University Tuition and Fees = $12,000
- BAH for national average = $1650
- (4 x $12,000) + (4 x $1,000) + (36 x $1,650) = $111,400

Scenario 4) Stanford University (MOST EXPENSIVE EXAMPLE)
- Stanford University Tuition and Fees = $52,857
- BAH for San Francisco (94143) = $4,368
- (4 x $52,857) + (4 x $1,000) + (36 x $4,368) = $372,676

Montgomery GI Bill (MGIB-AD / Chapter 30)
- You will be default enrolled in this version
- Pay $100 a month for 12 months ($1,200 total paid in)
- Benefits are paid directly to you and not the school you are attending
- Can be used after two years of service completed
- Can not be transferred to a family member
- If used while serving, benefits are capped at cost of tuition and fees
- Must use within 10 years after leaving military
- Benefit rate increases every Fall
- Current MAX benefit is $1,994 for full time student
- Current HALF rate benefit is $997 for half time student

Post-9/11 GI Bill (Chapter 33)
- Must opt-in for this benefit
- Once you opt-in, you are never eligible for the Montgomery again
- You contribute $0 to the fund
- Money is paid directly to the school, not to you
- After 90 days of active duty, eligible for 40% benefits
- After 3 years active duty, eligible for 100% benefits
- Transferrable to dependents (with some conditions)
- May receive BAH (E5 Dependent rate if greater than half time)
- If used while serving, can not collect BAH
- Must use within 15 years after leaving service
- All tuition and Fee Payments covered for in-state students
- All veterans for three years after separating are eligible for in-state tuition in all 50 states by law under the Veterans Access, Choice, and Accountability Act
- Covers $24,476.79 a year for a private institution
- Yellow Ribbon Program can help cover remainder
- Current national average for E5 Dependent Rate for BAH is $1650
- Can use Post 9/11 at international schools and receive national average BAH
- BAH for online schools is currently $825
- Book stipend is $1000 a year up to 4 years

Transfer Qualification for Post-9/11 GI Bill
- Must have served 6 years and agree to serve 4 more (10 total)
- Must have completed transfer request before leaving service
- Family member must be enrolled in DEERS
- Can transfer all 36 months or a remaining portion of unused benefits
- Can divide benefits among multiple dependents
- Spouse can use it up to 15 years after you separate
- Dependent can not collect BAH if you are still active and collecting BAH
- Child can wait to use benefits between ages of 18-26

Montgomery GI Bill Benefits VA Website
https://www.benefits.va.gov/gibill/montgomery_bill.asp

Post-9/11 GI Bill Benefits VA Website
https://www.benefits.va.gov/gibill/post911_gibill.asp

Yellow Ribbon Schools
https://collegerecon.com/yellow-ribbon-schools/

Tuition Assistance ‘Top-Up' Program
https://www.military.com/education/gi-bill/tuition-top-up-program.html

$600 Buy Up Program
https://www.va.gov/education/about-gi-bill-benefits/montgomery-active-duty/buy-up/

48 Months of Benefits Under Two GI Bills
https://gibill.custhelp.va.gov/app/answers/detail/a_id/1475/kw/48%20month%20rule

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#GIBill #MilitaryBenefits #FreeCollege
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DISCLAIMER:
This video is for entertainment purposes only. I am not in any way acting as an agent or representative of the Department of Defense or United States Federal Government when presenting this information. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.

Видео How Much is the GI Bill Worth? - Amazing! канала Jake Broe