Gi Bill – Millions of military veterans have used the GI Bill throughout the decades in order to obtain an education and better their future. The GI Bill has seen numerous revisions and updates throughout the years. Let’s take a look at the changes in the latest post 9/11 GI Bill.
One of the biggest changes is that veterans have more options available. Now they can choose from apprentice programs, vocational schools, technical institutions and even online colleges with distance learning programs. This new change is expected to help veterans deal with unemployment. Experts predict that approximately thirteen thousand veterans would be able to secure employment within a year thanks to vocational training. These vocational programs are suitable for veterans who want to secure employment as soon as possible and who aren’t looking for a job that requires a four year degree.
These new changes will allow veterans to obtain very specific training which should help them to obtain jobs. The government is broadening the options for schooling with the intention of reducing unemployment for veterans; women in particular. Statistics provided by the U.S Department of Labor show that 16.6 of female veterans are currently unemployed. In order to combat the problem of unemployment, the current administration has introduced Obama’s American Job Act which provides a tax credit for any company who hires an unemployed veteran.
Changes have also been made in regards to “break pay”. This means that students will not receive benefits between enrollments. Students benefiting from the Montgomery GI Bill have the ability to switch over to the Post 9/11 GI Bill.
Housing stipends used to be only available to students attending traditional 4-year universities and colleges. However, now students enrolled in an online education program will also be able to qualify for benefits. This new stipulation will go into effect as of October of 2011. The Post 9/11 Gi Bill allows for a stipend of one thousand dollars per year towards school books. Changes have also been made to cap out tuition for those attending a private university at $17,500. As a result, some students who are currently enrolled at a private university may have to pay some of their own way or obtain student loans.
The Gi Bill was signed into law in 1944 in order to assist World War II veterans with university and vocational training. It also helped to provide veterans with access to various loan programs. One of the most significant part of the program was the home loan program which enabled a large number of Americans to purchase a home for the first time.
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Gi Bill – The Dept of Veterans Affairs under the guide lines of the GI Bill of Rights gives the brave men & women who have served their country opportunities to enhance their civilian lives. The Serviceman’s Readjustment Act 0f 1944, also known as the Gi Bill of Rights was officially signed into law on June 22nd 1944 by President Franklin D. Roosevelt. This newly enacted law was and still is administered by the Department of Veterans Affairs.
The benefits afforded to our veterans include continuing education, medical assistance through the Veterans Hospital, home financing, life insurance and more. These programs are designed to aid all our veterans in need of help in acclimating in civilian life. As of August 2009 the Post 9/11 GI Bill was passed to include financing of education that includes undergraduate and graduate degrees in higher education. Vocational and technical training is also provided. This program also offers tutorial assistance and will pay for any certification and licensing fees that are approved under the Post 9/11 Gi Bill. Eligibility for these benefits can be transferred to a spouse, a child or children or any combination of spouse and children. \
From education to medical benefits to financial help, these programs have been developed to insure that the men and women who have served their country will have every opportunity to further themselves once they leave the military. Every man and woman that has served their country should contact their local Veteran’s office to see what opportunities are eligible for or check out the web sites for the Veterans Administration and the GiBill.
Celebrate the brave men and women who serve in all our military branches, honor all the heroes of our armed forces. If you know anyone that served their country during war or is a member of the armed forces presently, show your appreciation for their devotion, their steadfast to stand with their country in defending its freedoms.
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Gi Bill – Veteran Administration loans, or VA loans, were originated by the US Department of Veterans Affairs to help soldiers and veterans finance their homes. The Department does not give out any loans itself but gives guarantees to the buyer and lender of the loan to facilitate the financing process. In other words, the Veteran Administration loans will guarantee to the buyer a loan from a qualified lender. In exchange, the Department will also ensure to lenders that the loan will be paid for in full, either by the buyer or the department itself.
To enable military men and women to be able access to home financing and purchase of properties with no down payment the loan was implemented. Originally called the Servicemen Readjustment Act (or the GI Bill), it was created in 1944 after the Second World War. The driving goal of the act was to get veterans back on their feet in the civilian world by providing them with help, included was quick unemployment compensation and base funds for businesses and homes. When the act started out it only covered the active member of the three main branches of the United States military. Today, it has widened to encompass both active and non-active duty veterans, their spouses, and the National Guard and Reservist units. The law is one of the most supportive laws in the United States for helping American servicemen.
To clarify, the Veterans Administration will most likely not issue loans. The Veterans Housing Benefits Improvement Act of 1978, while expanding housing benefits to veterans, only stipulates that the Department will guarantee approval for mortgages and loans; it is the responsibility of the individual veteran to seek out the loan from approved lenders. Afterward, a form called the Freddie Mac Form 65 describing personal information, current status in the military, tax dependants, benefits recipients (family members), and other information regarding any financial-related history. The Department of Veterans Affairs will decide the procedure that will be used to designate the loan amount and the interest rate after looking at the application. GIBill
The Veterans Administration loans have done much for veterans and active military personnel. The Dept of Veterans Affairs is one of the largest government departments and it also has protection from the federal government especially in terms of financial security of its service personnel.
Gi Bill – You’re in the military and decided that you wanted to further your education while servicing your country. Many others from the military workforce choose to do this also. You are definitely not alone. The military helps its labor force follow their individual career path by providing training, experience, and financial assistance.
Most of the militia benefit from the Montgomery Gi Bill rather they are in active duty or in a selected reserve. It really doesn’t matter if you’re in active duty or in a selected reserve because you receive just about the same benefits. The Montgomery GI Bill (MGIB) provides each group up to 36 hours of educational benefits. Then, you can use those hours to work towards a degree, certificate, on-the-job training, flight training, and other equivalent courses.
The main difference between MGIB-AD and MGIB-SR is the eligibility of the military workforce. The Selected Reserve is for the members of:
o Army Reserve
o Navy Reserve
o Air Force Reserve
o Marine Corps Reserve
o Coast Guard Reserve
o Army National Guard Reserve
o Air National Guard
Yet, those who are on active duty get the option of the $600 Buy-Up Program unlike those using MGIB-SR. Service members can add an additional $600 to the G.I. Bill. In result, they would receive an increase in their monthly benefits. Just by adding $600 to your Gi Bill you can get a return of up to $5400 worth in additional MGIB benefits.
Each of these benefits helps you financially get through school. It’s made very simple for all military personnel. The hardest part is applying, only because that takes time.
I found a great source that will help you with further information on how to claim your GI Bill Benefits if you are eligible.
Click Here [http://useyourgibill.info] to find out if you are eligible and to connect with Military & Veteran friendly schools.