Benefits of the GI Bill® You Must Know

The GI Bill® is one of the best benefits you receive as a service member. The Post-9/11 GI Bill®, the Montgomery GI Bill®, and the Dependent GI Bill® all assist service members, veterans, and their families in achieving their educational aspirations. Below, this articles offers a wealth of information to assist you in making the most of your educational opportunities.

Veterans and their dependents receive educational support through the GI Bill®. It provides annual benefits of up to $20,235. Furthermore, the GI Bill® makes it possible to attend one of over 8,000 schools and institutions around the country.

The GI Bill® or service members’ readjustment act was born in 1944. The bill was designed to help the veterans returning from World War II. Above all, the key aim of creating the GI Bill® was to stop widespread unemployment in the United States. 

Programs Under the GI Bill®

You can participate in a variety of programs with the GI Bill®. These programs may be able to assist you or your dependents in paying for college, job training, or other approved training. Determine which GI Bill® program is best for you.

Top Questions about the GI Bill®

What is the GI Bill®?

The GI Bill® is a program organized by the government for veterans and military members. Specifically, the Department of Veterans Affairs (VA) supervises the program. The GI Bill®, also known as General Issue Bill, is there to help the veterans to return to their civilian life. Primarily,  it allows individuals to pay their tuition fees, housing allowance, loans, etc. 

How Do I Use It, and How Much Does It Cost?

Suppose you are a veteran or military servicemember and want to return to civilian life. With the GI Bill®, you can quickly begin your new civilian career. For instance, you can utilize the GI Bill® to the maximum proportion by working towards any course certificate or college degree or any international program approved for GI Bill® funding. Furthermore, you can do the VET TECH program, Pilot training, entrepreneurship training, etc., all with the help of the GI Bill®.

The total amount sanctioned for the 2021-2022 academic year is $26,042.81. This amount increases yearly to account for inflation and changes in fees and living. And, if an individual has served post-9/11, they are eligible for a 100% GI Bill® benefit. The GI Bil®l can cover all tuition fees, housing allowances, stationery bills, etc., for a full 36 months.

Is It Available for Non-Veterans?

No, one does not receive GI Bill® benefits if they are not a veteran. You can only take advantage of this fantastic benefit if you have served in the military for 2 full years. In addition, an individual can get a GI Bill® benefit only if they have been respectably discharged. Any misconduct in service may lead to an individual not receiving the GI Bill®.

What are the Educational Benefits of the GI Bill® for American Veterans? 

The GI Bill® has helped in many ways to provide a good opportunity for all American veterans to get back to their civilian life. The bill guarantees loan availability and offers educational benefits to veterans. Further, the GI Bill® promises to give unemployment allowances to retired veterans. It provides an opportunity for veterans and individuals serving in the military to continue their studies. They can also get training in a variety of different programs covered under the GI Bill® act.

Why is the GI Bill® More Popular Than Ever?

The GI Bill® has changed the life of many retired veterans. Truly, it has helped veterans adequately settled in civilian life. With the help of the GI Bill®, many have gained college degrees and educations, leading to new jobs and careers. The bill covers many veterans’ loans and lessens or cover education debt entirely. As a result, that is why veterans are using their GI Bill® now more than ever. 

Final Thoughts

So, what are you waiting for to get that degree funded under the GI Bill®? Let us get you into your desired course or program now. Lakewood University helps students utilize the GI Bill® opportunity and gets them started on the path to the career of their dreams. For more details contact us today.