College is a big step. So is military service. Combine the two and you get a very challenging but rewarding gain. There are many options available in any case as far as financial aid goes, but when military personnel consider a college education, there are some great perks that can only be utilized by military personnel, as well as many civilian-based financial services.
I am giving some options and a little bit of information on 5 places for military personnel to receive funding for college. Remember, any information on financial aid, tuition assistance, etc. is always free.
Military Money for College:
- Military Tuition Assistance Plans: The military offers up to 100% of tuition paid for college education to members of the Army, Air Force, Navy, Marines, and Coast Guard. Each service offering tuition assistance holds its own criteria of eligibility. The money offered for tuition is not a loan and is considered an equal to your base pay. Tuition assistance services are as follows: Army Tuition Assistance, Navy Tuition Assistance, Marines Tuition Assistance, Air Force Tuition Assistance, Coast Guard Tuition Assistance, National Guard Tuition Assistance, and Reserve Tuition Assistance.
- Montgomery GI Bill: The term refers to any assistance given by Department of Veterans Affairs to earned service members of Active Duty, Selected Reserve, and National Guard Armed Forces and their families. This benefit is designed to cover the costs of a college education or subsequent training for eligible service members and veterans. More (and free) information is available and can be found in greater detail.
- Reserve Officer Training Corps (ROTC): This can be a very good way to go for younger students. ROTC offers up to a full four-year scholarship plus an annual stipend. Members of the ROTC will also enter their services as Officers.
- Army and Navy College Funds: This benefit is known as the “GI Kicker”, with regard to the fact that it can actually double the value of the GI Bill. Although the qualifications and rewarding amounts vary from service to service, both Active Duty and Reserve service members are eligible.
- College Credit for Military Experience: Many civilian colleges and institutions will award Armed Forces service members college credits based on specific skill sets performed while in the military. If you’ve worked hard in your service to the military and have extensive knowledge of a specific field that can be acclimated to a civilian career, you are probably eligible to receive college credit in that skill. Hey, the less you have to pay for tuition, the better!
These are just 5 of the many options available to active duty and reservist military service members. Remember that it is always free of cost to seek out more information. Please feel free to include more options of military money for college in the comments section.
If you have any questions, you can ask those below too. We will do our best to provide an answer.
About the Author: Lauren is a stay at home mom currently working from home as a freelance writer. She is certified in Education with a background in education, writing, and tutoring to help students develop their educational skills. She comes from a military family and writes articles about education, military life, and personal development.