GI Benefits
GI benefits are for military veterans who have served the United States faithfully. The program was established to help veterans with educational and transitional needs.
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History
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The GI Bill was signed into law in 1944 by Franklin Roosevelt. It was updated in 1984 and is now known as the Montgomery GI bill.
Requirements
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A veteran must have an honorable discharge and a high school diploma or equivalent to be eligible for education benefits under the bill. The exact number of years of service required varies (from two to six years) according to the veteran's status and year of entry.
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Service
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The Montgomery GI Bill covers veterans who served on active and reserve duty.
Covered
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The student's tuition, books, and room and board costs at an accredited college are covered by the bill for up to three years.
Payment Rates
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The monthly full-time payment rate for active-duty veterans enrolled in institutional training (an accredited college or university) is $1,368 per month as of September 2009. It is $333 per month for selected reserve veterans.
Post 9/11
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The post 9/11 GI Bill extends education benefits to people who have at least 90 days of service on or after Sept. 11, 2001.
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