How Much is the GI Bill Worth? - Amazing!

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★ Which GI Bill is Better? - Montgomery & Post-9/11 GI Bills
★ Military Tuition Assistance - Earn Your Degree for FREE While Serving
★ The Servicemembers Civil Relief Act - Know Your Protections and Benefits!

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The VA website is the final authority on all information relating to the GI Bills. The VA can be contacted at 1-888-441-4551.

Scenario 1) Community College
- Yearly Tuition and Fees for Carl Albert State College = $3,412
- BAH for For Chaffee, AR (72905) = $813
- (4 x $3,412) + (4 x $1,000) + (36 x $813) = $46,916

Scenario 2) Online State University
- University of Wisconsin Online Tuition and Fees = $12,851
- BAH for online schools (half the national average) = $825
- (4 x $12,851) + (4 x $1000) + (36 x $825) = $85,104

Scenario 3) International University
- Seoul National University Tuition and Fees = $12,000
- BAH for national average = $1650
- (4 x $12,000) + (4 x $1,000) + (36 x $1,650) = $111,400

Scenario 4) Stanford University (MOST EXPENSIVE EXAMPLE)
- Stanford University Tuition and Fees = $52,857
- BAH for San Francisco (94143) = $4,368
- (4 x $52,857) + (4 x $1,000) + (36 x $4,368) = $372,676

Montgomery GI Bill (MGIB-AD / Chapter 30)
- You will be default enrolled in this version
- Pay $100 a month for 12 months ($1,200 total paid in)
- Benefits are paid directly to you and not the school you are attending
- Can be used after two years of service completed
- Can not be transferred to a family member
- If used while serving, benefits are capped at cost of tuition and fees
- Must use within 10 years after leaving military
- Benefit rate increases every Fall
- Current MAX benefit is $1,994 for full time student
- Current HALF rate benefit is $997 for half time student

Post-9/11 GI Bill (Chapter 33)
- Must opt-in for this benefit
- Once you opt-in, you are never eligible for the Montgomery again
- You contribute $0 to the fund
- Money is paid directly to the school, not to you
- After 90 days of active duty, eligible for 40% benefits
- After 3 years active duty, eligible for 100% benefits
- Transferrable to dependents (with some conditions)
- May receive BAH (E5 Dependent rate if greater than half time)
- If used while serving, can not collect BAH
- Must use within 15 years after leaving service
- All tuition and Fee Payments covered for in-state students
- All veterans for three years after separating are eligible for in-state tuition in all 50 states by law under the Veterans Access, Choice, and Accountability Act
- Covers $24,476.79 a year for a private institution
- Yellow Ribbon Program can help cover remainder
- Current national average for E5 Dependent Rate for BAH is $1650
- Can use Post 9/11 at international schools and receive national average BAH
- BAH for online schools is currently $825
- Book stipend is $1000 a year up to 4 years

Transfer Qualification for Post-9/11 GI Bill
- Must have served 6 years and agree to serve 4 more (10 total)
- Must have completed transfer request before leaving service
- Family member must be enrolled in DEERS
- Can transfer all 36 months or a remaining portion of unused benefits
- Can divide benefits among multiple dependents
- Spouse can use it up to 15 years after you separate
- Dependent can not collect BAH if you are still active and collecting BAH
- Child can wait to use benefits between ages of 18-26

Montgomery GI Bill Benefits VA Website

Post-9/11 GI Bill Benefits VA Website

Yellow Ribbon Schools

Tuition Assistance ‘Top-Up' Program

$600 Buy Up Program

48 Months of Benefits Under Two GI Bills

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#GIBill #MilitaryBenefits #FreeCollege
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DISCLAIMER:
This video is for entertainment purposes only. I am not in any way acting as an agent or representative of the Department of Defense or United States Federal Government when presenting this information. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.

[Erickim]

i got accepted to Columbia Unversity as I finished serving 4 years in the army, and i am excited to use $372, 676 + yellow ribbon program. Thank you uncle sam!

[natejones]

HUGE unknown fact. BAH is Based off the number of days you are in school. NOT the full amount. Example: if you are going to school and your classes end December 6th for the break for holidays. You will only get SIX days of BAH. NOT THE WHOLE MONTH! If there is a two day break between semesters, you will not get those two days of BAH. This is only for the post 9/11. You can verify with the VA website. That would change the math significantly. I see a lot of people transition out and get slapped in the face with this. Make sure our battle buddies know what they are walking in to.

[matthewsera]

Very Informative, I watched both your videos on the the Montgomery GI Bill and the Post 9/11 Gi Bill. Great stuff thanks! I am definitely taking advantage of this great benefit, joining a little older myself at the ripe age of 27 but I’m ready to get at it.

[Geocon]

Great detailed video!! I liked all the examples you used, and it really shows what the GI Bill can do. Best explanation I've seen.

[amirda]

man... I cant tell you how important this video is.. thank you!!!

[harleyb.birdwhisperer]

Well done. I hope my grandson can see this. Add in the benefit of lower cost home loans over a lifetime, too. If you want to attend Stanford (~20 miles from where I am sitting), you’ll do better living in Mountain View or Sunnyvale than SF. Cheaper, closer, less crowded, cleaner.

[JustLeve]

The Yellow Ribbon Program + The Post 911 GI Bill will cover most tuitions, then the BAH + The Pell Grant gets paid directly to the student to pocket. The smart thing would be to have roommates and split the rent so you could pocket most of the money.

[truthlady]

This was one of The best explanations. Thank you so much for taking the time to help those that are going into the military. Best wishes to you!

[branned]

Well done! Better than VA employees can explain it.

[Gch]

Good info LT, kind of sad how some people don’t really see what they’re missing out on until it’s too late. That last 100k$ income for enlisted got me dying! You’re gonna make the enlisted rowdy! This coming from an e-4 btw.

[abdiellawrence]

Awesome video. I was in Korea for 7 years. 5 as a civilian and 2 as a solider. I laughed my ass off when you showed SNU. I went to KU for two years.

[TyrusKemp]

Sir, thank you for your breakdown of the GI Bill. It was a major help.
Please know, that as an enlisted service member the breakdown of enlisted pay at the end is completely wrong if you are not married or are not receiving BAH. The Barracks and Food are not consistent with the value you have outlined. As an individual who has a four year degree and chose to enlist, so I wouldn't get stuck behind a desk, I was hit in the face with reality of how little of benifit living in the barracks and being reliant on the chow hall really is.

[jdotcelis]

Thank you so much man! I plan to make a presentation to my soldiers while using your info! It has been very helpful and I hope to help them like you helped me understand!

[isaiahkwan]

Thank you Jake for sharing this with us.

[tylerwhaley]

just another year till I enlist... my inspiration to go through with it is partially the GI Bill. Thanks for explaining it all.

[Landofjello]

I wish someone could do an actual tutorial on how to utilize the GI Bill...Everywhere I go I keep hearing about how great it is, but it's useless if I don't know how to actually use it.

[tjfryer]

Unrelated to the finances, I’ve been in for 5 years and it’s been 6 since I’ve taken any SAT/ACT. As a veteran, how is entrance to schools like Stanford likely? Do I need to pull out the old SAT study book? Are my few semesters worth of community college any help?

[deadleague]

Also when you active duty you get education paid for if you want to take classes while on active duty. I don't remember how much exactly but it was enough for me to do my prereqs to become a PA when I was lower enlisted and the Army paid for my associates, bachelors, and now masters degree and have 0 in school debt. So many benefits that people waste.

[thecommentator]

Thank you for your wisdom and knowledge jake. Subbed! It's the least I can do!

[black.bitcoin.billionaire]

Amazing video....🤯🤓🤑! I wish I would’ve seen this video earlier....