Military Money for College

military money for college

Military money for College

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.

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11 thoughts on “Military Money for College”

  1. This is great article, If you somehow calculating the benefits of being a military personnel. Yes, there are a lot of benefits, particularly the education related ones. for instance, Two I could call my own siblings completed school and got graduate degrees while in the Air Force. They served somewhere around four and eight years each and later had the capacity use GI Bill to buy homes, which they generally couldn’t have met all requirements for.

  2. This is a great post about different ways joining the service can help pay for college. All of them require joining the military prior to going to college, it seems. I think that I had read something about a loan repayment plan (where one would get the college degree before joining the military). This is something that I am currently looking for information on. Thank you.

  3. This is a great reference for Soldiers to find out how they can pay for college. A college education is crucial these days, especially for civilian life and civilian type jobs. It is so sad to say it, but without the “piece of paper” a job is unlikely to come around – plus, the connections you need to get in with a company! My husband decided to go back to school recently. He was eligible for the GI Bill and was able to complete his Associates Degree through one of the local colleges. It is a great resource and a great way to honor our Soldiers and Veterans.

    The only downside to the GI Bill was that there are certain certifications that it cannot be used for. We also found that if you fail a class the college could report you and you may be susceptible to paying the money back. So definitely be sure you want to go back to school and are willing to put in the work before applying and getting the GI Bill.

  4. This article is so important. I didn’t realize there were so many ways in which the financial assistance can be available. My father got a Masters degree, thanks to the GI Bill, and that had everything to do with our standard of living, him getting a better job and being able to save for his children’s educations. I had many friends in college who were part of the ROTC – without that they wouldn’t be where they are. We’re hearting in the news that college grads don’t have as much employability as they used to but still, getting better education is good for everyone.

  5. Federal Tuition Assistance is another great benefit that recently became under siege due to sequestration. The program is suspended for applications for future assistance. It is not known if the program will be reinstated at a later date. Students currently in the middle of a semester will be able to complete their training and use the benefit.

  6. This article is definitely ‘on the money.’ If you were to calculate all the benefits available to military members, especially the educational-related ones, it makes a civilian college career look like a financial loss. Two of my own brothers finished college and got master’s degrees while in the Air Force. They served between four and eight years each and later were able to use GI Bill to purchase homes, which they otherwise could not have qualified for.

    1. So true, Larry. The military paid for my college (Bachelor’s and Master’s Degree) and also helped me purchase my first home with a VA Loan. I am very thankful for the college benefits and VA benefits the military provides.

  7. Great post. It often makes me disappointed when so many young men and women totally reject the idea of serving in the military (either full-time or part-time). All of my friends are paying a good % of their take-home pay on student loans. I do not OWE A DIME! I am in that situation thanks to the Army. The best part about it is that I get PAID to do what I love. Even if you think the military isn’t for you, I personally believe that all Americans owe it to themselves and their country to experience the military and serve. The benefits are vast and very accessible!

    1. Tell me about it. There are countless “kids” with a four year degree and $30k or more in college loan debt. And some people have upwards of $100k in college loans. Personally, I think that’s crazy. Joining the military for that reason alone (college loan repayment or GI Bill) would be beneficial to most people.

      Chuck

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