Expected education options and improved tuition reimbursement are among the key benefits of the new Post-911 GI Bill, which went into effect on August 1, 2009. This amended bill was created to improve upon the original Montgomery GI Bill by providing students with added benefits (for example, better education options, and tuition and fee reimbursement). In order to receive these benefits, a veteran must have served 36 months of active duty since 9/11, or received an honorable discharge with a service-connected disability after 30 days.
It’s highly advisable to do your research – this bill may not be for everyone – because once you accept the new GI Bill or transfer over from the original Montgomery GI Bill, it’s irrevocable. This bill is for current and former servicemembers who want to get their degree from the university of their choice – as opposed to the more stringent restrictions set in place with the Montgomery GI Bill.
Six things you should know about the new Post-9/11 GI Bill:
- Compensation is based on of the highest in-state, undergraduate public-institution tuition rate, as well as the maximum fees per term offered in the state in which the school is located. Private institutions’ rates are excluded from the in-state determination process.
- Tuition is paid directly to the school, rather than to the student.
- The tuition and fee benefits are not taxable. But yes, you still have to pay your annual taxes.
- You may be allotted a maximum annual book stipend of $1,000.
- Your eligibility ends 15 years from discharge date of service or active duty.
- On-campus vets will receive a housing allowance.
The Yellow Ribbon and You
Now that you are on your way to exploring the new Post-9/11 GI Bill and have started to do the math – don’t get scared off from attending a private institution. The Yellow Ribbon GI Education Enhancement program allows degree-granting institutions in the United States to voluntarily enter into an agreement with VA to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Participating institutions can contribute up to 50% of those expenses and VA will match the same amount as the institution.* The Yellow Ribbon program also offsets the costs for those who choose online education programs that are not eligible for the housing allowance.
In essence, this program picks up where the new GI Bill leaves off. It’s important to note, not all schools are participating in this program; you will need to do some leg work.
The Yellow Ribbon and Florida Institute of Technology
As of July 2009, Florida Tech is proud to announce that they’ve joined the ranks of approximately 700 colleges and universities across the nation participating in the Yellow Ribbon GI Education Enhancement program. Florida Tech has always stood by its servicemember students, whether by providing military discounts or participating in government-led programs such as the Yellow Ribbon.
Affordable and Portable
Founded 50 years ago, Florida Tech offers both undergraduate (check if you’re eligible for the new GI Bill and Yellow Ribbon programs) and graduate programs, 100% online. Florida Tech was named a Barron’s Guide “Best Buy” in College Education and cited as one of America’s best colleges in U.S. News & World Report. That means you can get a world-class education, and take your classes wherever you are in the world, as long as you have Internet access.
Now’s the time to explore your opportunities, thanks to the Post-9/11 GI Bill and Yellow Ribbon programs and Florida Tech. To find out more, click here now.
*Referenced from www.gibill.va.gov/GI_BILL_Info/CH33/Yellow_ribbon.htm
