cb88
14 July 2008, 09:34
I know this is GREAT news for my daughter (my ex actually called to tell me about this) and I thought there might be others on here that it would be excellent news for their spouse/dependents.
The new changes allows all of the benefits to be transferred to a spouse/dependent under certain circumstances. I'm thrilled, my ex qualifies and my daughter's degree will now be covered 100%...good news!
For spouses and dependents
Under a provision backed by the Pentagon, troops who served at least 10 years on active duty will be able to transfer their benefit to a spouse or dependent child. Spouses can receive the money even sooner, if their servicemember has served at least six years and agrees to another four-year contract.
The transferred benefit only covers the cost of tuition, not the living stipend and extra cash for books. But beyond that the same rules apply: The measure promises a full four years of college bills at the most expensive in-state school, or any less expensive university.
Families can divide the benefit up however it benefits them most, as long as they don’t exceed those 36 months of college classes. For example, a retired soldier can use two years of benefits to pay for a two-year degree program, then transfer the last two years to a spouse or child.
And for long-serving servicemembers, the changes mean that their college-age children could get a free college education starting fall 2009, provided they attend a state-backed school.
Full article: http://www.stripes.com/article.asp?section=104&article=63115&archive=true
This is a good change and a most excellent deal for the families of those who have sacrificed so much.
The new changes allows all of the benefits to be transferred to a spouse/dependent under certain circumstances. I'm thrilled, my ex qualifies and my daughter's degree will now be covered 100%...good news!
For spouses and dependents
Under a provision backed by the Pentagon, troops who served at least 10 years on active duty will be able to transfer their benefit to a spouse or dependent child. Spouses can receive the money even sooner, if their servicemember has served at least six years and agrees to another four-year contract.
The transferred benefit only covers the cost of tuition, not the living stipend and extra cash for books. But beyond that the same rules apply: The measure promises a full four years of college bills at the most expensive in-state school, or any less expensive university.
Families can divide the benefit up however it benefits them most, as long as they don’t exceed those 36 months of college classes. For example, a retired soldier can use two years of benefits to pay for a two-year degree program, then transfer the last two years to a spouse or child.
And for long-serving servicemembers, the changes mean that their college-age children could get a free college education starting fall 2009, provided they attend a state-backed school.
Full article: http://www.stripes.com/article.asp?section=104&article=63115&archive=true
This is a good change and a most excellent deal for the families of those who have sacrificed so much.