Thread: New GI Bill
View Single Post
Old 07-07-2008 | 07:42 AM
  #11  
Sputnik
Gets Weekends Off
 
Joined: Mar 2007
Posts: 2,193
Likes: 10
From: Petting Zoo
Default

Originally Posted by FLY6584
Cool. So you're saying I don't need to set up any payments then? When I first entered Active Duty they started withdrawing $100 from my paycheck every month and I was told I was ineligble for the GI Bill so I immediately had them stop and refund me the money, but you're saying that I shouldn't have to pay anything and as long as I serve 10 years Active Duty my kids will have tuition assistance for the next 15 years? Damn this sounds like a good deal.

Not sure I'd base lifelong financial decisions off what I read on an internet forum, but I'm pretty sure you are correct, the $1200 buyin is now gone. If you already paid in you can get it back--sort of. At the very end of your college, after you've already received the 36 (or whatever it is) tuition payments, you get one more repaying the $1200. Something like that. Basically the only way you can get the refund is to fully use the benefit.

This thing is so amazing it really hasn't sunk in to me yet.
Reply