One thing to note that's significantly different from the regular GI Bill is that this one can only be used for courses and training offered by an "institution of higher learning." So it cannot be used for flight training or other vocational certifications (Realtor's license, etc) unless that training is at an accredited college or university.

But one good thing is that there were lots of people who were ineligible for the regular GI Bill because they had their college paid for by the govt either at the academies or thru ROTC scholarships. They are, however, eligible for the Post-9/11 bill.

Didn't see anything at the web site about transferring it to the kids. That would be nice, though.

Education Benefits - (U.S. Department of Veterans Affairs)