Maybe not. The newest GI Bill elimates many vocational programs. If you qualify for the Montgomery GI Bill then you can still use that for type ratings (they pay for 60% of flight training).

However, there is a possibility it can pay for a type.....but it has to be done at "an institution of higher learning". So that means you must go to an established college.... the controversy is --- Can you get a type at a place like Embry Riddle, etc.? I haven't seen or found in the legislation if flight training is specifically excluded.

UPDATE 1: Looks like we can't use the new GI Bill for type ratings. I just read that it's only for associate degree programs or higher. Vocational programs are excluded.