Business & Finance Taxes

Do I Have to Be a Full-Time Student to Receive GI Bill Benefits?

    GI Bills

    • The original "GI Bill" was enacted after World War II to provide educational and other benefits to veterans returning to civilian life. Today's veterans are covered by the Montgomery GI Bill, which dates back to the 1980s, and the more recent Post-9/11 GI Bill. The Montgomery GI Bill pays a set monthly stipend that you can use as you wish while enrolled in any approved program. The Post-9/11 Bill pays tuition to a college plus a smaller living and book stipend, depending on your service.

    Eligibility

    • To claim benefits under the Montgomery GI Bill, you must have had an honorable discharge and graduated from high school. You will also have to prove that you are enrolled in an approved program. Eligibility for the Post-9/11 Bill depends on your service and proof that you are enrolled in an accredited college or university.

    Part-Time Status

    • You can receive GI Bill benefits as a part-time student. If you are part of the Montgomery program, your monthly stipend will likely be reduced to reflect your reduced education costs as compared with those of a full-time student. If you are part of the Post-9/11 program, you will only have your tuition paid; part-time students will not receive a living stipend and their book stipends will be reduced according to their credit hours.

    Other Factors

    • Under the Montgomery program, you will receive a monthly payment that is sent as a check to you. Through the Post-9/11 program, your benefits depend on length of service, the state where your school is located and your residential zip code. The Post-9/11 program covers up to 100 percent of tuition for the most expensive state college in the state in which you go to school. Your living stipend is calculated on costs in your zip code, and your book stipend is figured on how many credit hours you take. Remember, you will not be eligible for the living stipend if you are a part-time student.

SHARE
RELATED POSTS on "Business & Finance"
What Does the IRS Say about Capital Gains and Capital Losses?
What Does the IRS Say about Capital Gains and Capital Losses?
How to Appeal Property Taxes in Georgia
How to Appeal Property Taxes in Georgia
Determining What Estate Taxes Have To Be Paid
Determining What Estate Taxes Have To Be Paid
How to File Taxes as Head of Household
How to File Taxes as Head of Household
Have You Been Audited?
Have You Been Audited?
Losses in an IRA
Losses in an IRA
The Average Salary of Layout & Design Artists
The Average Salary of Layout & Design Artists
Get Deductions on Your Tax Returns for Energy-Efficient Home Improvements
Get Deductions on Your Tax Returns for Energy-Efficient Home Improvements
How to Avoid IRS Audits
How to Avoid IRS Audits
How to Increase My Tax Return
How to Increase My Tax Return
How to File for a Furnace Tax Credit
How to File for a Furnace Tax Credit
Years to Become an Anesthesiologist
Years to Become an Anesthesiologist
Expat Taxes: New IRS FATCA Rule Is ANOTHER Way to Penalize You $10,000
Expat Taxes: New IRS FATCA Rule Is ANOTHER Way to Penalize You $10,000
When Do You Get a 1099 Form for Interest?
When Do You Get a 1099 Form for Interest?
Spanish Tax System
Spanish Tax System
Hooray! IRS Debt Tax Relief is Here
Hooray! IRS Debt Tax Relief is Here
How to Save Your Heirs Money on Property Taxes
How to Save Your Heirs Money on Property Taxes
Tax Records - How Long Should You Hold on to Them?
Tax Records - How Long Should You Hold on to Them?
How To Reduce Taxes: Learning It The Legal Way
How To Reduce Taxes: Learning It The Legal Way
Here’s a Quick AMT Planning Example
Here’s a Quick AMT Planning Example
How to File Income Taxes Late
How to File Income Taxes Late
The Disadvantages of Managing a Rental Property
The Disadvantages of Managing a Rental Property
How to Claim When You Are a Daycare Provider
How to Claim When You Are a Daycare Provider
If My Job Did Not Take Out Federal Income Taxes, Does That Mean I Pay?
If My Job Did Not Take Out Federal Income Taxes, Does That Mean I Pay?

Leave Your Reply

*