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.
You are correct in saying that no one has to pay anything to be eligible.
Standby for exact details on transferability. DoD is setting guidelines on transferability (whereas VA runs the program).
From what I've read, if you've served 6 years and agree to serve another 4 years, then you can transfer the benefit to your spouse. The same article said that if you serve 10 years, then you could transfer the benefit to your kids. What is unclear is how they count the 10 years. 6 years plus 4 more years equals 10 years (eligible for transfer to spouse). The line about "serving 10 years and able to transfer to kids" is unclear. Serve 10 years since when? How much of past service versus how much of future service is required has yet to be fully detailed.
But yes, you're right...it does sound like a good deal. We just need a few more details to see exactly what will be required for transferability. Imagine a 20 yr AD retirement, now with the possibility of having a kid's college paid for (tuition + books + lodging).
