Serve in the U.S. military and then graduate from college. This has long been the government’s promise, and recent changes to ensure this benefit for life continue under the Forever GI Bill.
The bill now provides more money for qualified veterans studying STEM (science, technology, engineering, math) subjects.
The Forever GI Bill expanded the reach of the 1944 GI Bill (also expanded as the Post 9/11 GI Bill in 2001), providing most veterans and their families with access to free college tuition and increasing the amount of time they must take Take the chance.
While veterans previously had 15 years after discharge or discharge to reap the benefits of the GI Act, those benefits now apply for the remainder of the veteran’s life.
President Donald Trump instituted and promoted the renewal of the Harry W. Colmery Veterans Educational Assistance Act, now known as the Forever GI Bill, in 2017, and now President Joe Biden has continued that support.
What the Forever GI Bill does
The Forever GI Bill extends the length of time veterans can access the educational program beyond the original 15-year period. It is available to all veterans who have been on active duty for 90 consecutive days and now has no time limit to access the program.
The new law applies to all veterans who left the service after January 1, 2013, and extends to the families of service members. Veterans who left the service before January 1, 2013 are entitled to educational programs under the GI Act after 9/11.
To promote the benefits of the new law, it grants veterans studying certain STEM courses (science, technology, engineering, or math) the opportunity to attend an additional school year, although funding for this extension will be available upon first arrival, First serve basis.
The government has allocated $ 100 million to STEM scholarships, and qualified veterans can earn up to $ 30,000 on top of basic funding.
What can veterans get from the GI bill?
While the “forever” portion of the bill extends coverage for, well, forever, the original billing services remain.
Originally signed in 1944, the law was designed to provide educational benefits to qualified military personnel and their spouses. It covers tuition and fees, college accommodation, and funds for books and supplies.
But the new bill extends the benefits beyond the period in which they can be accessed. The new bill includes monthly housing costs based on the location where the service member attends most of their classes, rather than the location of the school. If the service employee takes lessons from home, the housing grant covers housing costs at home.
The new bill extends the scope of the Yellow Ribbon program to include members in active service after August 1, 2022. The Yellow Ribbon program includes extra-state tuition, private schools, or graduate school tuition that are not included in the Post 9/11 GI bill.
Purple Heart recipients can also receive the full benefits under the new invoice regardless of the time worked. Previously, Purple Heart recipients had to serve at least 36 months to receive 100 percent of benefits under the 9/11 law.
The new bill also extends benefits for national guardsmen and reservists, as well as family members and loved ones.
Three years waiting for the bill to be passed
This may be painful to hear and difficult to understand, but the bill was held up due to technical difficulties. (Perhaps federal agencies will hire some of the seasoned STEM graduates.) An October 2018 congressional hearing revealed that the Veterans Administration was unable to pass the details of the bill because it was putting a load on the existing computer system and installing an entirely new program with new ones Software.
“These IT changes improve our ability to provide educational benefits to GI Bill students,” said VA Secretary Robert Wilkie. “As VA is working on the modernization of processes, this milestone is an important step on our path to digital transformation.”
The VA spent $ 243 million of its $ 19.6 billion in coronavirus supplies to pay for the IT upgrade.
How to claim GI invoicing services
To check if you are eligible for GI Bill benefits, visit the Department of Veterans Affairs website.
You can apply for educational benefits online or in person at your local Veterans Affairs Office.
Kent McDill is a seasoned journalist who has specialized in personal finance topics since 2013. He is a contributor for The Penny Hoarder.