The benefits that are available to members of the Armed Forces and Veterans of Military Service have undergone a lot of different changes over the last several years. The GI bill has had a number of tweaks, or outright revisions by Congress, and have resulted in a number of new and different programs that a Servicemember can qualify for: Transferability- Many of the different Montgomery GI Bill benefits can be transferred. This is to permit certain type of benefits to either dependents of Veterans, or to the Montgomery GI Bill Veteran. The 2002 NDA Authorization Defense Act gave for the first time Veterans the ability to transfer many of their different benefits.
Accelerated Benefits: There is the possibility that you may be eligible for up to six thousand dollars in educational benefits. The benefits are for jobs in the high tech sector that would lead to a high tech type job. To find out more one should visit the VA web site. Each of the different military branches have discretion and ability to determine if they will offer some of these type of accelerated benefits, on an individual basis. Each service offers some version of accelerated benefits, but the particular methods are individually based, depending on the service. There are some basic qualifications that are required no matter which of the different services that you want to qualify for. Specific Requirements include: Complete at least six years of active duty Armed Forces Service, and have a critical skill or specific military training that the Secretary of your branch of the military service decides is necessary. And you must decide to enlist for at least an additional four years of service to qualify for transferability or some types of accelerated service benefits.
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Army Pilot Program- The Army has a specific program that will allow a Servicemember to transfer their Montgomery GI Bill benefits to their spouse. It remains to be seen how well this program will work as it is a brand new service. MGIB Kicker Program- A feature that gives an additional one hundred fifty dollars above the regular MGIB rate, but it requires an added participation level while the Servicemember is on active duty. A person can sign up and participate in this program but they need to do so while on active duty and sign up to kick in additional funds into their MGIB account.
