| Returning Heroes Are Going Back to School
SAN FRANCISCO September 29, 2005 The educational benefit provided by the GI Bill is increasing on Oct. 1, 2005, and servicemembers and veterans are using the resources of www.Military.com to help them understand and use the valuable benefits they've earned. Education benefits are one of the top reasons for joining the military. With the GI Bill basic payment rate increase, the total benefit will now be over $37,000. Add to that the thousands of dollars in tuition assistance, scholarships and grants that servicemembers and veterans have earned, and paying for school has never been easier. In fact, the majority of these benefits can be applied to undergraduate, graduate and vocational training and certification programs. Five years ago, 45% of these hard earned education benefits went unclaimed, said Christopher Michel, president of Military.com. By making it easy to understand and access these important benefits, we believe we've played an important role in helping to drive significant usage of these programs among the military and veteran community. With the majority of returning servicemembers between the ages of 20 and 27, finishing a degree or earning a certification is a logical step in transitioning into civilian life. In addition to providing free, detailed information on the GI Bill, including eligibility, step-by-step application instructions and payment tables, Military.com also has a School Finder highlighting the military-friendly aspects of 4,000 schools, such as:
Additionally, with Military.com's Scholarship Finder, members have access to over $300 million in scholarships for servicemembers and veterans. I used the GI Bill, said Michel, and so have over 25 million other veterans since the program's inception in 1944. This program transformed America and continues to do so.
Servicemembers Hit the Books A growing number of servicemembers are using their education benefits while on duty. Distance learning programs offer military personnel the flexibility to take classes during off hours. Classes have been held in desert barracks, on aircraft carriers and aboard Coast Guard cutters. Online courses and degree programs have been specifically developed to fit the operating tempo and duty schedules of servicemembers. Thousands of servicemembers earn their degrees each year through online education. In addition to earning a degree or certification, these education opportunities often allow servicemembers to earn points toward promotion. Use It or Lose It Military.com helps over 500,000 servicemembers and veterans with education and career services each month. Nearly 48% of servicemembers and veterans say they will work toward bachelor's degrees; 16% are focused on obtaining master's degrees. The GI Bill benefit generally expires 10 years after separation from duty, so servicemembers and veterans are urged to take full advantage of the benefits they've earned as soon as possible. To learn more, visit www.Military.com/Education. I really appreciate the help in finding a good college. I enjoy school and my family is happy for me. I'm finishing my business degree and will use it in landing a better job. I wouldn't have gone back to college without the help of Military.com. Theresa B., Florida About Military.com Military.com, the nation's largest military membership organization, is dedicated to connecting the 30 million members of the military and veteran community to every advantage earned in service to America. Military.com helps its 5 million members access their benefits, advance their careers, enjoy military discounts, and stay connected. Military.com is a division of Monster Worldwide, Inc. Visit the company at www.Military.com. Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster ® , the leading global online careers and recruitment resource. The company also owns TMP Worldwide, one of the world's largest Recruitment Advertising agency networks. Headquartered in New York with approximately 4,500 employees in 26 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index. More information about Monster Worldwide is available at www.monsterworldwide.com . Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference. ### |
Military.com is 10 million members strong. As the largest military membership organization, Military.com empowers members to make the most of all of the benefits they've earned, advance their careers, enjoy military discounts, and stay connected with their buddies, unit, and service.
