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GI Bill, GI Bill Benefits, Post 9 11 GI Bill Benefits & Applying for GI Bill Benefits

Posted by MyMilitaryFriendly in Birmingham-Hoover, AL on Oct 07, 2008

How do I qualify for Army GI Bill benefits?

• If you are a veteran with at least three years of active duty service and have paid the $1200 participation fee, you may be eligible for Montgomery GI Bill benefits. If you served in the Armed Forces at any time after September 11, 2001, you may be eligible for education benefits under the Post 9-11 GI Bill. If you are a spouse or dependent of the above, you may also qualify for benefits under either program.

What are the Post 9 11 GI Bill benefits?

• Under the new Post 9-11 GI Bill, a qualified participant may receive a monthly benefit equivalent to the most expensive undergraduate public university tuition in his/her state of residence. A service member, spouse, or dependent whose expenses may exceed the allowance under the Post 9-11 GI Bill may attend a “Yellow Ribbon” school, where the excess cost is covered by the school and/or the Federal Government.

How do I apply for GI Bill benefits?

• Shortly after beginning basic training, a service member is given a one-time option of enrolling in the Montgomery GI Bill program, after which the $1200 fee is deducted from his/her paycheck in twelve monthly installments. Later on, the service member has the option of shifting to the Post 9-11 GI Bill program. Visit MyMilitaryFriendly.com today to get free assistance about applying for your GI Bill benefits.

Are GI Bill benefits taxable?

• Under the law, GI Bill benefits are not counted as taxable income on a recipient’s tax return. This is true for any other Veterans’ benefits, like health care and housing. It is always best, however, to consult an accountant or tax attorney for further tax questions.

Can I transfer my GI Bill benefits to my spouse/children?

• If you have at least six years of active duty with a commitment to serve at least four more years, you may be able to transfer any of your unused GI Bill benefits to eligible spouses and dependents. They, like a service member, may use the funds to pursue undergraduate education at any accredited institution.

If you want to learn more about how to apply for GI Bill benefits, please visit MyMilitaryFriendly.com today and get more information about all the options available to you. You can also chat live with one of our trained representatives to answer any of your questions, such as “What are my GI Bill benefits?” and “How can I enroll into an online degree program?” We are standing by to help you now, so take the first step!

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