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| Financial Aid for Those Who Served |
| Written by Kristina Lee |
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This article is for children of as well as veterans and those currently serving as military personnel or in the U.S. Armed Forces. Children of Military Personnel Killed in Iraq or Afghanistan After Sept. 11, 2001
This section is for students whose parent / guardian was a member of the U.S. Armed Forces and died as a result of military service performed in Iraq or Afghanistan after September 11, 2001. You may be eligible for federal aid if you meet the following at the time of the parent's death:
There are two types of grants you may qualify for:
Note: The maximum Pell Grant award amount for the 2010-2011 academic year is $5,550.
U.S. Armed Forces - Current Members and Veterans
The original G.I. Bill was a Post-WWII bill passed into action in 1944 to assist veterans of WWII to readjust to civilian life. One major aspect of the bill was tuition assistance for those who wished to attend, or return to, college. The bill was officially titled the Servicemen’s Readjustment Act of 1944, and ended 1956. Various versions of the GI Bill followed in subsequent years to assist the Korean and Vietnam War veterans, and eventually the bill was adapted to benefit veterans who served in times of war and peace.
The more recent version is known as the Montgomery G.I. Bill. This bill is for Active Duty and Reserve soldiers who are enlisted in the U.S. Armed Forces. Benefits vary by case, as both the type of training/education, as well as the training time (full time, part time), are taken into account when they are determined. For an updated list of benefit rates, click here or visit the VA GI Bill website, http://www.gibill.va.gov.
Active Duty
Eligible members enroll and pay $100 per month for 12 months; this entitles them to receive a monthly education benefit once they have completed a minimum service obligation. The recipient receives up to 36 months of education benefits, payable for about 10 years following release from duty. The benefits may be applied to college, technical or vocational courses, degree /certificate programs, flight training, apprenticeship/on-the-job training, and correspondence courses. Tip: Also consider the Optional $600 Buy-Up Program. You may contribute up to an additional $600 while on active duty to receive increased monthly benefits – for every $1 that you contribute, the government will contribute an additional $8! Selected Reserve
Veterans of the U.S. Armed Forces There are multiple programs out there that offer great benefits for veterans, with two common ones being the Veterans Educational Assistance Program and the Yellow Ribbon Program, which are described below. In general however, to be eligible for education benefits, you must satisfy the following:
Apply through the VA by filling out the Application for Education Benefits: VA Form 22-1990.
Veterans Educational Assistance Programs (VEAP)
This program is for those who elected to make contributions from their military pay while in service. The government matches those contributions on a $2 for $1 basis. Benefit entitlement depends on the number of monthly contributions you put in, but can range from 1 to 36 months. You then have 10 years from your active duty release to use these VEAP benefits. Any contribution not used after the 10 year period will be refunded to you.
If you answered yes to all of these, apply now!
Applying for Benefits! A reminder checklist:
For more details on VEAP, click here.
Note: More information can be found in the VA’s GI Bill website.
The Post-9/11 GI Bill and the Yellow Ribbon Program September 11, 2001 was a turning point in America, a time when so many things changed and were revised – the GI Bill was no exception. This Post-9/11 GI Bill expands the extent of support for veterans and servicemen, including undergraduate and graduate degrees, as well as vocational / technical training.
To Be Eligible, you must satisfy the following:
Benefits of the Post 9/11 GI Bill
*The Yellow Ribbon Program* Those who choose to attend a private or out of state university, or graduate school, may have higher fees and tuition than the allotted amount. If those students are attending a Yellow Ribbon participating institution, additional funds may be available to help cover the difference. These institutions decide on an amount that they will contribute to veterans’ education, and the VA matches this amount. Thus, even though the Post-9/11 GI Bill may not cover the full expense, a private school education is not out of reach.
Eligibility! Individuals must be eligible for maximum benefit rate (service dependent) and:
Then you may be eligible! Check to see if your school is participating in the Yellow Ribbon Program for the 2010-2011 academic year here.
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| Last Updated on Thursday, 16 December 2010 19:55 |