10 Things You Didn’t Know about the GI Bill®
Published on May 23, 2016 by arothstein
1. The original GI Bill® was officially called “The Servicemen’s Readjustment Act of 1944.” In addition to covering living expenses and tuition for veterans attending college, trade school, and other professional training programs, it also established veteran’s hospitals and made low-interest mortgages available for veterans.
2. Students on the GI Bill® were able to attend all kinds of colleges and training programs. Some went to Harvard, some went to local state colleges, and still others completed vocational programs in the trades. Then, like now, the GI Bill® offered flexible funding that could be used in a multitude of ways to invest in veterans’ futures.
3. The current iteration of the GI Bill®, the Post-9/11 GI Bill®, went into effect in August 2009. It’s the most generous version of the bill since the original, post-World War II bill. Chapter 33, Post 9/11 GI Bill® is retroactive to those who served since 9/11.
4. The original GI Bill® was partially designed to strengthen the economy and help prevent a second Great Depression. By promoting education and home ownership, the bill resulted in an unprecedentedly strong American middle class. The bill was debated thoroughly by both House and the Senate, who could not agree on the unemployment benefits offered by the bill.
5. In 1947, veterans comprised 49 percent of college enrollment in the United States. When the original GI Bill® ended on July 25, 1956, 7.8 million veterans had enrolled in colleges, trade schools and other training programs.
6. The idea for the GI Bill® was (according to legend) laid out on a restaurant napkin. The leaders of the American Legion purportedly jotted it down on the back of a napkin at the Mayflower Hotel in Washington, DC.
7. The GI Bill® pays a Books and Supplies Stipend. This is paid directly to students in proportion to how many credit hours they’re enrolled in, up to $1000; and for 24 credits per year.
8. The GI Bill® Post 9/11 also pays a Housing Allowance based on your school zip code. There is a residential rate and an online rate. This is paid directly to the student.
9. The GI Bill® isn’t considered Federal Student Aid. Although the GI Bill® can help with college expenses, it doesn’t count as aid. In addition to GI Bill® funding, you may also be eligible for additional student loans or scholarships.
10. The GI Bill® can be used towards more than one degree. If you are eligible for GI Bill® benefits, you have ten years to use the MGIB from your last day of active duty and 15 years for Post 9/11 GI Bill® to use the entirety of your benefits, but your benefits do not have to be used all at once or all towards the same degree. You could use some of your benefits to complete a BA, for example, and then put the rest towards completing an MBA. The GI Bill® will pay for 36 months of full-time status.
11. The GI Bill® covers both on-campus and online degree programs. This means you can enroll in whichever program fits your needs, schedule, and lifestyle best!
Broadview University is committed to creating a supportive environment and providing an affordable education for students who currently serve, or have served, in our armed forces. If you’re active duty military or a veteran , contact us for more information on how your military service could translate into college credits and make you eligible for scholarships.
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