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.
As long as your kids can all graduate from college in a total of 36 months for ALL of them.
The benefit is for a total of 36 months -- you can use it all yourself, or you can use some and transfer the rest to your spouse or kids (assuming you meet the 10-year-rule). So you can at least pay for part of one of your kids' college tuition.
I'm pretty sure that if you use it yourself, you are also entitled to some living expenses (based upon BAH for that area) and up to $1000 a year for books, etc. If you transfer it to your spouse/kids, it is for tuition only based upon the in-state tuition rate where you live. The money is paid directly to the school.
Here's a good link with an overview:
New GI Bill Overview - Education - Military.com