Explaining Military College Reimbursement Programs

Hey guys! Can anyone explain in more detail about the military's college reimbursement programs? I'm trying to weigh options on how to handle college fees. How does this affect my military service commitment? Any pros and cons?

Fantastic! Weighing up your options like this is a good approach when planning for college. The U.S. military offers various programs to aid with college expenses in return for service commitments. Let's have a look at two primary resources:

1) The Montgomery G.I. Bill: This program can cover your tuition and fees, books, and supplies and even include a monthly housing allowance. For most service members, the current maximum benefit is around $76,000 over 36 months. The only eligibility requirement is to serve at least two years of active duty.

2) The Post-9/11 G.I. Bill: This is perhaps the most generous of the military's programs. It provides up to 100% of tuition and fee coverage, given that certain eligibility criteria are met. This also includes an annual stipend for books and supplies, along with a monthly housing allowance. Veterans must have served at least 90 aggregate days of active duty after September 10, 2001, or received a service-connected disability discharge after 30 days of active service.

Service commitment varies depending on your branch and the specifics of your service contract. In general, a 2-4-year commitment usually follows the completion of a bachelor's degree program. However, it is essential to note MBA and other higher-level degree programs could extend this commitment for a longer period.

Considering the pros and cons, the undeniable advantage is significant financial savings. Getting most, if not all, of your college expenses covered is significant. Plus, you'll be getting a salary, experience, and possibly valuable career skills or training while serving.

However, this plan also requires you to devote a few years to serving in the military. This can affect your immediate post-college plans if you had originally intended to jump straight into the civilian job market or grad school. You should also consider the physical and mental rigors that come with military service.

It can be a smart decision, but it's essential to fully understand the commitments and discuss them with a military recruiter or career counselor to make a choice that best aligns with your future ambitions and lifestyle.