New GI Bill Q & A
After 20 years of service in the Army, I’m retiring in October 2009. How do I transfer my GI Bill education benefits to my spouse or children?More here.When Congress passed the new GI Bill last year, it included an option to transfer education benefits to spouses and children. DoD wanted an enticement for troops to re-enlist, so the transferability of benefits only applies to servicemembers with 10 years of active duty (or who have committed to 10 years).
Since you will still be on active duty Aug. 1 (when new GI Bill benefits commence), and you have served more than 10 years, you will be able to transfer benefits to your spouse and children. Those who retire or are discharged before Aug. 1 will not be able to transfer their GI Bill benefits to others.
Spouses will have 15 years to use any transferred education benefits; children must use their benefits before they turn 26. Servicemembers may elect to give percentages of their benefits to both spouses and children. But there is a limit on how many months of entitlement that can be given. DoD is still ironing out the details.
For news, information and resources on veterans education benefits, go to www.mygibill.org.
posted by LoveMyTanker @ 2:43 AM
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