Saving money for your child’s education is an important thing to do, especially with tuition costs rising each year. Two of the most popular educational savings plans are the 529 College Savings Plan and the Coverdell Educational Savings Accounts (ESAs).
Both college savings plans offer tax advantages and may be good options depending on your needs. [...]
There is good news for those of you out there who bought into the GI Bill when you signed up for the military – you may be eligible to transfer your GI Bill to a spouse or child.
Who can transfer GI Bill benefits
You can only transfer GI Bill benefits if you are eligible for the [...]
If you are in the military or are a military veteran you may be eligible for enough tuition assistance and scholarships to pay for your entire degree – from an Associate’s Degree, to a Bachelor’s Degree, and even up to and including a Master’s Degree. The important thing is knowing where to look. Here are [...]
Ohio governor Ted Strickland recently signed The Ohio G.I. Promise into state law, which changes the in-state residence requirements at each of the state’s 36 colleges and universities to allow all veterans, their spouses and dependents to attend Ohio colleges and universities at in-state tuition rates. This is the first plan of its kind in [...]
One of the best benefits that many military veterans have is the GI Bill. Unfortunately, many veterans don’t take advantage of this benefit. There are many reasons people don’t take advantage of the GI Bill – not enough time to go to school, no desire for more education, or no need. But this is costing [...]
The GI Bill is one of the most valuable benefits that most veterans are able to take with them when they leave military service and transition into civilian life. The value of a college education vs. not having a college education can be well over a million dollars throughout the course of a lifetime. Using [...]
Legislation was recently introduced in the Senate by Sen. Hillary Rodham Clinton, (D-NY). The proposed legislation will enhance GI Bill benefits, VA Home Loans, and Small Business Loans for Veterans.
Proposed Enhancements:
GI Bill: The proposed new version of the GI Bill would eliminate the requirement to pay into the system, and would only require the [...]
Military veterans have a plethora of educational benefits available to them. Often times, you just need to know where to look to find the information (and money!) you need. Here are some of the options available to you:
Montgomery GI Bill (MGIB)
The 2008 GI Bill rates go into effect on October 1, 2007. The new rate [...]
Senator Maria Cantwell (D-WA) recently introduced the GI Bill For Life Act, which would eliminate the expiration date for veterans to use their Montgomery GI Bill (MGIB) benefits. A similar piece of legislation is set to be proposed to the House by House Armed Services Committee member Rep. Rick Larsen (D-WA). Currently, eligible veterans have [...]
The DoD announced a policy change in the Montgomery G.I. Bill that increases the eligibility window for some Reservists. The new policy will align with the Department of Veterans Affairs rules, which allow National Guard and Reservists to receive MGIB education benefits for the amount of time they were called to active duty, plus four [...]
