GI BILL

Post 9/11 GI Bill and the Issues Affecting the Bill

Carice Sasso

Keller Graduate School of Management - Devry

Course Project parts 2,3,4,5

Professor: Bonnie Turner

HR599- Benefits

09/23/2011

Post 9/11 GI Bill and the Issues Affecting the Bill

Introduction

The servicemen's Readjustment Act of 1944, P.L. 78-346, 58 is the technical and official title of the GI Bill. It is basically for the people serving the country for example in military. After these servicemen return from their services or are serving in peacetime this omnibus bill facilitates the veterans of war with vocational education or college. In addition to that it also provides unemployment compensation for over a year after the return. Further more loans to the G.Is for entrepreneurial activities such as establishing a business or loans for personal use such as buying a home are also provided through this fund.

The post 9/11 GI bill gives monetary assistance to people in the arm forces with a service of more than 90 days post 9/11 or on 11th September 2001. It also includes individuals who got discharged from their services due to any disability that is related to their service. For an individual to be entitled for GI bill he should have an honorable discharge that is no court Marshalls or service termination due to behavioral issues and other issues.

Statement of the Issue

The main issue that has been addressed in this paper is how to address the financial needs of US military personnel during unemployment and post-employment situations. Especially those related to educational expenses of self, spouse and children.

Literature Review

The military offers a variety of educational benefits for active members, members of the National Guard and Reserve, college students preparing to enter military service, veterans and for spouses and dependents of military personnel. The educational benefits, especially for active members:

Montgomery GI Bill for the Armed Forces (GI Bill)

This is the best known military educational benefit. Active duty service members can receive up to $ 1.321 a month in scholarship to study for a commitment of three years active duty. This assistance can be used for college courses, commercial, technical, correspondence, vocational, internship or job training or flight school. Selected Reservists must commit to serve for six additional years, in addition to their original obligation of six years, and have a basic general education diploma (GED, as an acronym in English) or high school diploma to receive GI Bill benefits. Reservists receive almost $ 300 a month for full-time instruction. GI Bill benefits are valid until 10 years after the license or floor of a service member and up to 14 years after discharge or separation from the armed forces of a Reservist (Alford, 2011).

ROTC

Another option one may consider some college students are linked to the Training Program for Reserve Officers (ROTC).

Studies Assistance Program "complementary"

This is an additional benefit to supplement (add) other educational assistance programs. To be eligible, the subject must be approved for federal aid and must meet educational requirements to receive the benefits of active duty MGIB.

Program Veterans' Educational Assistance (VEAP)

This is a very ...