Evaluating the Post 9/11 GI Bill and Montgomery GI Bill

The Post 9/11 GI Bill was designed to offer substantial benefits for active duty, reserve, and veterans that would ultimately keep up with the rising costs of tuition. Sometimes, however, the supposedly less-paying Montgomery GI Bill is still the better option.

Here's what you should know before deciding which GI Bill to enroll for. Remember once you start using the Post 9/11 GI Bill, you cannot go back to the Montgomery GI Bill (but military personnel currently using the Montgomery GI Bill can upgrade to the Post 9/11 GI Bill.)

• Which benefit pays more? Sometimes it does not come down just to what the VA pays. Take a look at the other educational assistance you receive. Do you attend a school with free tuition for veterans, or receive another form of state or campus aid? Will switching to the Post 9/11 GI Bill change your benefits? The Montgomery GI Bill is a flat fee that does not overlap with other financial aid services.


• How much are you eligible for with the Post 9/11 GI Bill? The Post 9/11 GI Bill pays tuition and fees, a living allowance, and a book and supply stipend. If you are active duty or an online student, however, you will not be receiving the living allowance.


• What kind of training do you want to pursue? The Montgomery GI Bill covers certain forms of training that the Post 9/11 GI Bill does not. As an example, the Post 9/11 GI Bill does not cover technical school training.


• How long do you expect to take before you utilize your benefits? The Post 9/11 GI Bill is available for use for up to 15 years, five years longer than the Montgomery GI Bill benefits.


• How long do you plan to remain in school? Military students currently using the Montgomery GI Bill can exhaust their Montgomery GI Bill and receive an additional year with the Post 9/11 GI Bill. If you make the switch to the Post 9/11 GI Bill instantly, you will not get this extra year of benefits.


• Do you plan to transfer your benefits to a dependent or spouse? Only the Post 9/11 GI Bill allows you to share your benefits with your spouse or child.

These examples show exactly why military personnel should evaluate their options before jumping on the Post 9/11 GI Bill bandwagon. Sometimes, it just does not measure up to be as beneficial.

Before you elect which GI Bill you will use, do your research! Make sure you are making the most financially sound decision for your future.