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GI Bill |
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Tuition
Support is one of the many ways that the Military can help
servicemembers with the rising cost of further education.
There are four main initiatives that make up Tuition Support
Programs: |
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New
GI BILL Information: The Post- 9/11 GI Bill is
a new benefit providing educational assistance to individuals
who have served on active duty on or after September 11, 2001.
It was signed into law by President Bush on June 30th, 2008.
Senator Jim Webb (D-VA) originally introduced the Senate bill
in 2007. |
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Montgomery G.I. Bill |
The
Montgomery G.I. Bill offers up to $39,636 in tuition as a
benefit for a three-year commitment on full-time duty.
Servicemembers contribute $100 a month for a year. In return,
they get $1,101 a month for three years - a very handsome
return on your investment.
The G.I. Bill can be used not only for college degree programs
but also for certificate programs, flight training,
apprenticeship/on-the-job training, and correspondence
courses, among others. Members of the Reserves and National
Guard are also eligible for the G.I. Bill, although at reduced
rates.
Complete information at the
GI Bill Website |
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Tuition Assistance |
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The rising
cost of tuition can be hard to manage, but the Military's
Tuition Assistance Program pays for up to 100 percent of the
cost of tuition or expenses, up to a maximum of $250 per
credit and a personal maximum of $4,500 per fiscal year per
student. This program is the same for full-time-duty members
in all Military Services. Selected Reserve and National Guard
units also offer Tuition Assistance Programs, although the
benefits may vary from the Active Duty program. |
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College Fund Programs |
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Enlistees
in the Armed Forces who become eligible for their College Fund
Programs receive up to $65,000 toward college tuition, when
combined with the Montgomery G.I. Bill, upon honorable
discharge. Enlistees who are awarded the College Fund by the
Marine Corps or Coast Guard receive additional dollars that
can make up a significant part - or all - of the funds needed
to complete a college education. |
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Loan Repayment Programs |
Army:
For many college students, debt becomes a very big concern
following graduation. But in the full-time-duty Army, Soldiers
can qualify to have their loan repaid by the Military at the
rate of one-third of the loan for each year of full-time duty
served (maximum loan repayment is $65,000). The Army even
helps Soldiers pay off student loans they've taken out,
provided they attended schools on approved Perkins, Stafford,
or other Department of Education guaranteed student loans.
Navy: In the full-time-duty Navy, a $65,000 Loan
Repayment Program is also available. Qualifications include no
prior military service, a high school diploma, and a loan
guaranteed under the Higher Education Act of 1965. A candidate
must qualify for Navy Nuclear Field or other designated
critical rating as defined by the U.S. Navy, and other
restrictions apply. If an individual does qualify, either of
these programs is a great way to get out of debt!
Air Force: The College Loan Repayment Program (CLRP) is
a program created for all non-prior servicemembers considering
enlistment in the Air Force. For young people who have taken
some college courses and have accumulated debt, this could
very well be the perfect opportunity. Participants must sign
up for this program when signing the enlistment contract.
Under CLRP, the repayment maximum is $10,000 per recruit. |
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(Source:
US Department of Defense) |
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