I'm considering enlisting after high school and heard that there's financial aid available for military folks in college. Can anyone give me specifics about what's out there?
Absolutely, there are plenty of financial aid opportunities for military service members interested in continuing their education. Here are some you might consider:
1. The Post-9/11 GI Bill: This is perhaps the best-known aid program for service members. It provides up to 100% of the tuition and fee payments for an in-state, public college education, and a monthly living stipend. To qualify for 100% of the benefits, you will need to have at least 90 days of active service after September 10, 2001.
2. Yellow Ribbon Program: This program is an expansion of the Post-9/11 GI Bill, helping to cover the tuition costs that exceed the highest public in-state tuition rate. Schools voluntarily enter into an agreement with the VA, agreeing to waive a portion of the tuition and fees not covered, and the difference is then matched by the VA.
3. Montgomery GI Bill: There are two branches of this program, the Montgomery GI Bill Active Duty (MGIB-AD), for active duty members, and Montgomery GI Bill Selected Reserve (MGIB-SR), for Reservists and National Guard members.
4. Tuition Assistance: Each division of the military has its own Tuition Assistance Program, which can cover up to 100% of the tuition expenses for service members while they are still active.
5. College Loan Repayment Program (CLRP): While not financial aid for current college students, this program aids with repaying previously accrued student debt. The military will refund a portion of a service member's student loans for their service.
6. ROTC scholarships: ROTC (Reserve Officers’ Training Corps) programs offer scholarships that cover 100% of tuition and fees at many colleges and universities. They also provide a monthly living allowance and annual book allowance. In return, students commit to serving in the military after they graduate.
Remember, always explore multiple financing options and work with a financial aid advisor to best understand how these benefits might apply to you.
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