Things Every Veteran Should Know About the GI Bill

The Servicemen’s Readjustment Act of 1944 – this is the technical name for one of the most significant pieces of legislation to ever be passed by Congress. It’s more familiar name is the GI Bill of Rights and it has changed the lives of millions of service men and women in every branch of this nation’s military. And although it has evolved and been reconstructed since President Franklin Delano Roosevelt signed it into law – particularly since 9/11 – it still gives veterans a myriad of benefits ranging from loan assistance for homes, farms or businesses and unemployment pay. It also offers training benefits such as:

  • College degree programs including Associate, Bachelor and advanced degree programs
  • Vocational/Technical Training including non-college degree programs
  • On-the-job/Apprenticeship Training
  • Licensing & Certification Reimbursement
  • National Testing Programs such as SAT, CLEP, AP, etc
  • Flight Training
  • Correspondence Training
  • Work-study programs
  • Tuition Assistance Top-Up
  • Tutorial Assistance

Differences Between the Post 9/11 GI Bill Benefits and The Montgomery Bill?

As we’ve said, the GI Bill changed somewhat after the tragedy of 9/11. Under it, veterans are allowed to receive pretty much the same benefits as before. However, there are differences between it and the bill preceding it – known as the Montgomery Bill (MGIB):

  • Buy-in Requirement: Post-9/11: None; MGIB: $1,200
  • Who receives payment: Post-9/11: Educational institution receives tuition; MGIB: Veteran receives payment
  • Book stipend and living expenses: Post-9/11: Yes; MGIB: None
  • Expanded educational benefits: Post-9/11: Yes; MGIB: No
  • Are benefits transferable? Post-9/11: Yes, under some circumstances; MGIB: No
  • Time limit: Post-9/11: 15 years; MGIB: 10 years
  • Yellow Ribbon Program: Post-9/11: Yes; MGIB: No

In brief, The Post-911 GI Bill of Rights, increases the benefits students can receive in order to further their education. It also supplies funds for the cost of living a student may incur while attending school. Because the plans differ from one another, veterans should carefully go over the pros and cons of each. They can best do this by going to the VA website and studying the differences carefully. The government has gone gi billthrough great efforts to show its appreciation for our servicemen and women. They are concerned with ensuring that each veteran reaches his or her potential both in and out of the service. We strive to help service people show their pride with the Marine Corps hats for sale and other items and apparel at our USMC store.