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Old 09-26-2012, 06:27 PM   #158
Versus
 
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Join Date: Oct 2010
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Overview

The Post-9/11 Veterans Educational Assistance Act of 2008 improves educational benefits for certain individuals serving on active duty in the Armed Forces on or after September 11, 2001.

The main benefits include:

Four academic years (36 months) of educational tuition benefits for an approved program up to the cost of the most expensive in-state undergraduate public tuition in the state the Veteran enrolls, currently, ranging from approximately $3,500 in Wyoming to over $13,000 in Montana. The amount received depends on the number of months the veteran served on active-duty service on or after September 11, 2001. The minimum requirement is service of at least 90 days, which entitles the veteran to 40% of the educational benefit.

Additional tuition at more expensive private schools under the "Yellow Ribbon" program allows participating institutions to share the cost (as of 2008, one to one) with the federal government up to 100% of the expense.[2]

A monthly living stipend based on housing costs of a service member of pay grade E-5 with dependents, based on zip code of learning institution. This rate varies greatly nationwide; the current rate for New York City is $2,744, while the same rate for El Paso, TX is $917. Veterans attending schools online or through correspondence will not receive this benefit if their entire enrollment is in distance or online learning. The veteran will be entitled to the stipend if at least one course is classified as "in-residence".[3][4]

A benefit eligibility period of 15 years after leaving active duty (compared to 10 years in the current Montgomery G.I. Bill).

International education programs outside the US are eligible. (US national computation for institutions without a US Campus)

Elimination of the $1,200 program enrollment fee paid by the veteran at the beginning of military service currently required by the Montgomery G.I. Bill. There is also a one-time payment of additional assistance, paid concurrently with the disbursement of the final month of benefits, which refunds either all or portions of the original $1,200 enrollment fee; the refund amount depends both on the amount contributed, up to $1,200, multiplied by the percentile balance of remaining benefits when electing to convert to Chapter 33.
An annual stipend to cover other education costs (e.g., books, supplies, fees) of up to $1,000.

Up to $2,000 towards one-time licensing or certification test, not charged against the 36-month entitlement
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