TOP DRAWER ARTICLE

The Revised GI Bill of Rights
by
HL Carpenter

In 1944, Franklin Roosevelt signed the GI Bill of Rights, giving military veterans unemployment benefits, a government loan guaranty for homes, farms and business properties, and a college education or technical training.

Sixty-five years later, those benefits soldier on – with a few improvements. Starting August 1 of this year, if you’re active duty military or a veteran with military service on or after September 11, 2001, you’re eligible for expanded educational benefits under the Post 9/11 GI Bill.

Under this improved bill, the Veteran’s Administration will help finance your education in whole or in part, provided:

1. You served at least three months in the military since September 11, 2001, or were discharged with a service connected disability after one month, and

2. You received an honorable discharge.

Benefits include tuition and fees, a monthly housing allowance, an annual book stipend, and the possibility of transferring unused educational benefits to your spouse or children.

What if you’re already receiving benefits under a previous GI Bill? If you meet the qualifications, you can switch to the new plan. Be sure to make the decision carefully, as there’s no retreat once you’re enrolled.

Originally published October 2009.

Last update: December 30, 2009