One of the little known Montgomery GI Bill Benefits is the ability of the individual Servicemember to collect accelerated funds. Many different high cost or high technical programs require a large amount of funds up front in order for a person to participate in them. Sometimes there can be a lump sum payment that the MGIB program pays in an accelerated fashion is up to 60 percent of the fees and tuition for high tech high cost programs.
You have to qualify for active duty Montgomery GI bill payments in order to qualify for this program. Accelerated payments in this program are paid instead of the normal Montgomery GI Bill payments that you would receive. In order to receive the funding you have to be willing to seek employment and intend to find employment in a high tech field. This is normally for high tech and programs that are high cost for the Servicemember. This program can help you pay for schooling that otherwise you would not be able to afford or qualify for financially. If the program you are taking does not offer the program in such a manner, there are times that the payments can be made for the entire program, it depends. The Veterans Administration will accelerate the payments for one semester, quarter or term at a time. The fees and the tuition have to prove to be double or more than double the normal MGIB benefits that you would receive for that term. In order to receive the funding you have to be willing to seek employment and intend to find employment. You can be enrolled in either degree or non-degree high tech programs, both qualify. You should ask your school to include your application for accelerated payment to the Veterans Administration when it sends in the school enrollment information to the VA for processing. In order to be qualified you have to be registered in a high tech program that will lead to employment, or intend to seek employment in the industry of high tech as defined by the Veterans Administration.
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You have to give a written certification at the time of application that you are seeking employment in one of the qualified fields. You have to be registered in a program in one of the following categories: physical sciences, engineering, science engineering. Computer management, mathematics, computer specialties, or, life sciences, or other sciences.
