The new G.I. Bill... [Archive] - Glock Talk

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the iceman
07-02-2008, 10:08
I hope this doesn't come across as selfish...

I saw that service members no longer have to pay into it and it makes me wonder...for those of us that did pay into it and we used up our benefits, do we get the money we paid into it back?

I put $1800 into it and it would be nice if they issue refunds for those that also paid into it.

deadday
07-02-2008, 10:25
I hope this doesn't come across as selfish...

I saw that service members no longer have to pay into it and it makes me wonder...for those of us that did pay into it and we used up our benefits, do we get the money we paid into it back?

I put $1800 into it and it would be nice if they issue refunds for those that also paid into it.

$1800? It was $1200 for me, $100/month for your first year, eligible for it after your 3rd year...





drew

Biscuitsjam
07-02-2008, 12:48
I've been using REAP, which doesn't require you to pay into it...

REAP is for reservists that have been deployed, and it pays 40-80% of the active-duty GI Bill. The normal reservist GI Bill is so tiny as to be laughable, so REAP is a huge improvement. However, no matter how many times a reservist deploys, he'll never qualify for the same kinds of benefits as active-duty soldiers.

luv2brode
07-02-2008, 16:09
i only qualified for mine do to becoming da vet

the iceman
07-02-2008, 17:09
$1800? It was $1200 for me, $100/month for your first year, eligible for it after your 3rd year...





drew

Back in 2003, they had a program where if you invested an extra $600 into the G.I. Bill, then you will recieve an additional $150 a month when you collect it. Made sense to me considering I invested $600 and got $5,400 extra over my 36 months.

93GT
07-02-2008, 21:10
I just finished using mine that I paid the extra 600 kicker into and saw no benefit from since I was still active when I used it and never saw the extra 150 a month. Too bad I didn't wait 4 years to go to college, all of the extra pay would have been nice instead of going into debt.

the iceman
07-02-2008, 23:16
I just finished using mine that I paid the extra 600 kicker into and saw no benefit from since I was still active when I used it and never saw the extra 150 a month. Too bad I didn't wait 4 years to go to college, all of the extra pay would have been nice instead of going into debt.

Ouch! I would have gotten on them about that extra $150 a month! They tried to deny mine but I had the proof that I paid it so they had no choice but to honor it.

It would have been really nice to get this new G.I. Bill instead of using the old one!

najaboy
07-03-2008, 07:14
I hope this doesn't come across as selfish...

I saw that service members no longer have to pay into it and it makes me wonder...for those of us that did pay into it and we used up our benefits, do we get the money we paid into it back?

I put $1800 into it and it would be nice if they issue refunds for those that also paid into it.
No. Those of us who paid into Chapter 30 are not entitled to a refund. The "Post 9/11" G.I. Bill is an entirely new chapter. Those who are currently paying into the MGIB may elect to stop those payments and convert to Chapter 33. However, money paid into Chapter 30 is not refundable.

Biscuitsjam
07-03-2008, 12:19
I've been doing a little research, and it appears that reservists will qualify for this new GI Bill also.

40%: 90 days to 6 months
50%: 6 to 12 months
60%: 12 to 18 months
70%: 18 to 24 months
80%: 24 to 30 months
90%: 30 to 36 months
100%: over 36 months

Before a soldier could get 36 months of REAP or 36 months of MGIB-SR or 48 months of a combination of the two. I think that will still be the case.