Post 9/11 Veterans Educational Assistance Act of 2008--the New GI Bill

President Bush signed into law the Post 9/11 Veterans Educational Assistance Act of 2008 on June 30, 2008 which is to be implemented by August 2009.

At its maximum (those who have served three full years in active duty since 9/11), veterans will be eligible to receive tuition up to the cost of the most expensive in-state public school, a monthly housing stipend based on the cost of living for their zip code, and an annual award of $1,000 for books and supplies. These benefits will be available to members of the military who served on active duty since September 11, 2001, including reservists and members of the National Guard. Benefit amounts would be based on the amount of time a veteran had served in the military since 9/11. The benefits would be payable for 36 months, the equivalent of four years of college, and would be available for up to 15 years after a veteran leaves active duty.

Benefits can be transferred to a spouse or children. When they have served six years, they can sign up for four more to transfer 36 months of benefits to a spouse. At the 10-year mark, they can sign up for four more to transfer any remaining months of the total of 36 to a dependent.

http://www.shepherd.edu/faoweb/

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Post 9/11 Veterans Educational Assistance Act of 2008--the New GI Bill

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