Being in the military offers all sorts of discounts including education benefits that can help you through college. If you have a few questions, answering these frequently asked questions may help bring clarity to how to go to school for free.
What is Tuition Assistance?
Tuition Assistance is a benefit that pays the cost of tuition and some fees for going to a college or university. Virtually all military personnel are eligible, however, each branch has specific criteria for those who qualify for the discount.
How Much Does Tuition Assistance Cover?
Tuition Assistance covers up to 100% of tuition and fees as long as you do not exceed $250 per credit hour for each semester or $166 per credit hour quarterly. Assistance also covers up to $4,500 for the fiscal year. The Navy has a 16 credit hour annual limit.
Can I Get Scholarships as Well?
Yes, you can also apply and qualify for scholarships that come in the form of direct cash, tuition payments, vouchers, and waivers. Awards can range from $50 to full rides depending on many factors.
Are There Other Benefits?
Federal student aid is also available for all active duty, reserves, veterans, and retirees. This type of assistance is offered by the federal government to give grants and low-interest loans for people who need help with paying for college or university. Federal student aid is designed to assist you in meeting the cost of tuition, books, fees, and living expenses while enrolled.
Do Veterans Get Assistance?
Yes. The post-9/11 GI Bill is designed to give assistance to eligible servicemembers and veterans for college, flight training, apprenticeships or job training, correspondence courses, and technical/vocational courses. It provides up to 36 months of education benefits that are tiered based on the number of days you were on active duty.
What is Covered by the GI Bill?
Tuition and fees are covered, and eligible members get living/housing and book stipends. Additionally, the benefits are transferable to a spouse or other family member. Some limitations apply to those who are currently on active duty.
What is the Montgomery GI Bill?
The Montgomery GI Bill (MGIB) is a separate program that also provides 36 months of education benefits. The difference is between the Post-9/11 GI Bill and MGIB is that you receive up to $1,789 per month for full-time education. Benefits end 10 years from the date of your last discharge or release from active duty.
The Differences Between the Post-9/11 GI Bill and MGIB?
MGIB benefits differ significantly, so it’s important to read the overview in detail. Some differences include that the MGIB can be worth over $64k. It’s important to contribute $100 per month for the first 12 months you’re on active duty so be eligible for this program. Your benefits might be higher if you signed up for the Army, Navy, or the Marine Corps College Funds.
Featured Image Source: Thinkstock / KaninRomanPosted on February 20, 2017