Pros and Cons to GI Bill

just_cause, BSN, RN · Mar 30, 2009

.. do a search for GI BILL....

it is very easy.

You will just want to review CHAPTER 33 (the new gi bill) GI BILL.

It's not a set amount of money (anymore - or rather as of August 09) - it's based upon your schools tuition (which payment goes to them) and your schools zip code (where you get paid E5 BAH).

lifeafter40 · Mar 30, 2009

Anyone know if you can receive the new GI Bill if you already used benefits under the old Montgomery GI bill? I know that sounds too good to be true, but thought i would ask anyway.

just_cause, BSN, RN · Mar 30, 2009

no you can't... only eligible for GI BILL one time during your life time.. regardless chp 30 or chp33.

lifeafter40 · Mar 30, 2009

I assumed that was the case...but hey

Cursed Irishman · Mar 30, 2009

Not exactly true...you are eligible for 48 months of GI Bill in a lifetime. For instance, if you have 36 months from AD, then transfer to reserves, you can garner an additional 12 months. Also, if you have time left in your GI Bill, you could possibly receive the new GI Bill, assuming you qualify.

Also, bear in mind that if you have one single day of GI Bill benefit remaining on the first day of a semester, it will qualify you for benefits for the remainder of the semester. There are alot tricks and tips to get the most out of your GI Bill.

just_cause, BSN, RN · Mar 30, 2009

Interesting, hadn't seen/heard about the reserves addition.. if you have a portion of the old gi bill, and you qualify under new CHP33 eligibility then yeah the rollover for the remaining months happens. The timing isn't huge with me as I will end up using the whole thing anyway

wallyballie_golf · Apr 1, 2009

Is there a difference "paying off loans" that they offer when some sign up and the GI bill? Or is this what they use when they sign join and we'll pay off your loans/

just_cause, BSN, RN · Apr 1, 2009

Yes completely different.

dreamon · Apr 17, 2009

.. do a search for GI BILL....
it is very easy.
You will just want to review CHAPTER 33 (the new gi bill) GI BILL.
It's not a set amount of money (anymore - or rather as of August 09) - it's based upon your schools tuition (which payment goes to them) and your schools zip code (where you get paid E5 BAH).

I'm a bit confused- who gets E-5 pay? The school (tuition) or the student?

How would someone use their GI Bill and still fill out a FAFSA? Will I even still need to fill one out or will I not get any money if the GI Bill covers all of the school costs?

just_cause, BSN, RN · Apr 17, 2009

...you can go to gibill.gov and look at their pamphlet example of the payout.

The student gets E5 w/ depenedent BAH pay for the zip code of the school he is attending.. provided its full time and not online.. * etc see details. You get this monthly at the end of each moth you qualify for...

The school is paid directly from the gov to reimburse/pay for your tuition UP to that states highest level of in-state tuition... if you have scholarships that paid for tuition.. they pay for it and gi bill can possibly cover the remainder. If your tuition is higher then the state's in state tuition level (of the schools state -not yours) then you owe the remainder.

Fafsa basically asks you are you using GI benefits next year? If so - which chapter (chp 30 is old gi bill, chp 33 is new gi bill...)

NursePamela · Apr 18, 2009

Don't forget you only have 10 years to use it, once you get out. I used the old montgomery and I had a lot of problems but things have changed quite a bit. While on active duty most of the time you get 100% tuition assistance, but it has a cap.