Ways the Post-9/11 GI Bill Can Save You Money
The GI Bill is one of the best-publicized benefits of serving in the military. Just about everyone, veterans and nonveterans alike, has heard of the GI Bill. For the most part, veterans don’t need to be sold on the benefits of the GI Bill because they already get how beneficial it is. However, in this article, we’re going to cover a couple different aspects of the GI Bill that are less well-publicized and yet can make a big impact on your money. We’ll talk about the obvious one, that the GI Bill can be used to pay for college, but we’ll also talk about how the GI Bill can be used to pay for other training and certifications as well, and we’ll talk about the monthly housing allowance.
The GI Bill Can Pay For Your College
You probably already knew this one, but you may not have known that you can transfer these benefits to not only your spouse, but also your children or any dependents. You can transfer these benefits to your spouse, who can use all the same benefits that you would be eligible for if you were using them for yourself. Paying for college includes tuition, fees, and even a book stipend. In addition to the money it’s saving you now, it’s also enabling you to make more money in the future. After all, that’s why we go to college, right? But the GI Bill isn’t just for paying for college.
The GI Bill Can Pay For Your Vocational Training and Certification
No one goes to college to get a degree in Plumbing. Well, maybe some people do, but to be a plumber, you need to go to a trade school and get certified. The same is true for an electrician, a security guard, or a roofer. Even Police Academy is not considered college. Never fear, the GI Bill covers these programs as well. In fact, the VA will cover all vocational or technical training, independent and distance learning, on-the-job and apprenticeship training, licensing and certification, national testing programs, flight training, correspondence training, cooperative training, entrepreneur training, and work-study programs. There are very few things you can want training in that the GI Bill won’t cover. This can be very nice for someone who wants to start their own business and just needs a certification or other qualification to do it, not a full degree. This can also be great for those veterans who just don’t mesh well with the college atmosphere.
The GI Bill Can Pay For Your Housing
Let me say that again because the big bold paragraph heading wasn’t enough: the GI Bill can pay for your housing. If you’re no longer on active duty, then you most likely qualify for housing assistance while you are in school. This is going to be the biggest benefit for those pursuing a four-year degree because you can get upwards of $1000 per month as a housing allowance for every month that you’re in school. This even applies to those veterans pursuing education through an online program. This is a powerful aspect of the GI Bill but is really under-publicized. The GI Bill really makes it possible for you to go to school for practically no cost whatsoever. In fact, you might even be able to make money off of the GI Bill if you consider this housing allowance as part of your income. Overall, the GI Bill takes away almost all of the valid reasons for not pursuing higher education. Time is still a concern, especially for a young family, and desire is still a major factor, but other than those two concerns, just about everything is addressed by the GI Bill.
Let the GI Bill work for you. No matter what you are pursuing as a career, higher education or training can help you advance it, and the GI Bill is designed specifically to help you do so. Use your GI Bill benefits, including the housing allowance, to help improve your future and provide a higher quality of life for you and yours.