Will the Military Pay for My College After I Graduate?

I heard that the military might cover some (or all) of the cost of college, but I've already graduated. Does this apply to schooling pursued after my service term? Can the military cover my student loans? Any veteran's benefit experts out there with some advice?

Yes, the military can indeed provide financial assistance for education pursued after your service term and potentially provide coverage for your existing student loans. One of the most well-known programs is the Post-9/11 GI Bill. This benefit covers up to36 months of education benefits, including tuition, fees, and a housing allowance. It can be used for traditional on-campus education programs, online degrees, vocational and technical training, apprenticeships, and more. You're eligible for this benefit if you've served on active duty for 90 or more days, whether continuous (all at once) or interrupted (for shorter periods over time), after Sept.10, 2001.

In terms of paying off student loans, there are some assistance programs as well, such as the Military College Loan Repayment Program (CLRP). Each branch of the military has its own version of this program, and in some cases, they can offer up to $65,000 in loan repayment. These programs usually require a minimum length of service commitment and the loans must have been taken out prior to joining the military.However, it should be mentioned that the details and availability of these benefits can vary depending on your branch of service, your length of service, and other factors. Therefore, it would be best to consult with a military counselor or the Veterans Affairs office to understand your options better.

Also, note that the benefits under the GI Bill and CLRP are typically tax-free, so they don't contribute to your taxable income. Always make sure to consider all your options and specifics before making a decision, as your situation might differ. To maximize your benefits, you might want to seek advice from an expert or a veterans' benefits adviser who can guide you through the process.