Financial Aid for Those Who Served
Written by Kristina Lee   

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:
  • Under the age of 24;
  • Enrolled at least part time in college - grant payments will be adjusted if enrolled less than full time
 
There are two types of grants you may qualify for:
  1. Pell Grants: If you are Pell Grant eligible, your EFC will drop to zero, allowing to you to maximize your Pell Grant amount. It will also help to increase your eligibility for other federal student aid programs.  
     
  2. Iraq and Afghanistan Service Grants: A non need-based grant for students who are not Pell Grant eligible. The maximum award is the same as the maximum Pell Grant Award, but may not exceed the cost of attendance. Your EFC will remain the same. 
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
Qualifying departments include the Army, Navy, Air Force, Marine Corps, and Coast Guard Reserves, as well as the Army National Guard and the Air National Guard. The key characteristics of interest are as below:
  • Eligibility Requirements: You must be actively drilling and have a 6 year obligation in the Selected Reserve, signed after June 30, 1985, and satisfy the following:
    • Complete your Initial Active Duty for Training (IADT)
    • High school diploma or equivalent certificate before IADT
    • Good standing in an active Selected Reserve unit
       
  • Educational Benefits: Eligibility begins the day you leave the Selected Reserve and ends 14 years later.  You can receive up to 36 months of education benefits, which may be used for degree and certificate programs, flight training, apprenticeship/on the job training, and correspondence courses.
  • Applying for Benefits: You will receive a Notice of Basic Eligibility (DD form 2384-1) when you become eligible. You can then fill out the VA’s Application for Education Benefits (VA Form 22-1990) to apply. 
Tip: If you are recalled to active duty from reserve status, your eligibility may be extended for the amount of time you are mobilized plus 4 months.

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:
  • Honorable discharge
  • High School Diploma or GED
  • Meet the requirements of one of the categories I-IV (defined by Veterans Affairs)
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.
 
Eligibility Requirements! Did you...
  • Enter service between Jan. 1, 1977 and June 30, 1985?
  • Open a contribution account before Apr. 1, 1987?
  • Contribute between $25 to $2700?
  • Complete your first period of service?
  • NOT get a dishonorable discharge?
If you answered yes to all of these, apply now!
 
Applying for Benefits! A reminder checklist:
  • Make sure that your program is VA approved
  • Complete the Application: VA Form 22-1990
  • Complete the Enrollment Certification, VA Form 22-1999 (If you have started training, take your application and the Member Copy of DD Form 214 to your employer or school.)
  • Submit all forms to the VA regional office where you will train
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:
  • 90 days of service after 9/11 (or discharged with a service-connected disability after 30 days)
  • Received an honorable discharge
Benefits of the Post 9/11 GI Bill
  • The coverage of tuition & fees (2009-2010 rate caps)
  • $1,000 per year for books & supplies (paid in proportion to enrollment)
  • The Yellow Ribbon Program (for more expensive tuitions)
  • 36 months of education benefits (within 15 years of release)

*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:
  • Served 36 months after 9/11 in active duty
  • Discharged for a service-connected disability (served 30 days after 9/11)
  • Dependent eligible for Transfer of Entitlement
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
 



 
Last Updated on Thursday, 16 December 2010 19:55