Military Advantage

Older Vets to Get GI Bill Benefits

The President has signed the  VOW to Hire Heroes Act into law. There are several provisions in the law that will have a positive impact on the veteran unemployment rate. The most often reported of these are tax credits for employers who hire veterans and wounded warriors ($5,600/veteran and $9,600/disabled veteran).

However, there is one provision that is not being as widely reported that will come as great news to unemployed veterans over the age of 35 – a new shot at 12 months of the Montgomery GI Bill.

That's right, the pre-9/11 veterans who often feel as if they have been forgotten, may soon qualify for as much as $17,600 for education and training. This benefit can be used for finishing up a college degree, certification, vocational training, On-the-Job Training and more.

This new benefit could help about 60 percent of the current 850K unemployed veterans. To qualify, veterans must be 35 -60 years old, unemployed, and not currently enrolled (or within the past 6 months) in a state or federal job training program.

The remaining question is, how soon can the VA pull the trigger and start accepting applications.

Stay tuned for updates...

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