Wednesday, July 8, 2009

New GI Bill, unfair? You may get nothing!

Due to the new rules and GI Bill that take affect in August, you may be in for a shock. Are you a returning veteran hoping the new GI Bill will pay for college? Think again. There is a convoluted payout scheme to decide whether you are eligible, and whether you will actually get anything!

It all depends on the state you live in. If you live in a state that has fairly cheap public college and university tuition, you may get very little. Especially when compared to the cost of a private school. So your dream of a private college or university may need to be changed.

Do you live in an expensive state? You are in luck! You will get quite a bit! Even for a public school. And it may be enough to cover the cost of a private college.

We can't say if this is unfair or not, actually. On the surface, it sounds unfair. It should be a uniform payment across the board. But it isn't. To get the most benefit, you need to decide if it is worth it to go to the school of your choice, and reside in your current state. There may be other rules about moving as well.

But this post was a warning that the college education you were promised may not be paid for at the school of your choice.

Read more about the new GI Bill here.

Visit Military Trubutes to find help on VA Home Loans and other help for military families.

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