2022 AFBA Financial Planning Guide

Application periods for the major programs are outlined in the table to the right. More information can be found on the VA website at www.va.gov . 6–2. EDUCATIONAL SUPPORT. Since 1944 the government has consistently supported the educational requirements of our nation’s veterans through a number of programs. The primary programs for active duty members are the Post-9/11 GI Bill and the Montgomery GI Bill—Active Duty (MGIB-AD). For members of the Reserve and National Guard there are two programs: the Post-9/11 GI Bill and the Montgomery GI Bill—Selected Reserve (MGIB-SR) which are discussed in Chapter 2. Visit www.benefits.va.gov/gibill for details on each program. You may be eligible for more than one VA education benefit program. However, you may only receive payments from one program at a time. You can receive a maximum of 48 months of benefits under any combination of VA education programs you qualify for. Post-9/11 GI Bill. The Post-9/11 GI Bill is an education benefit for individuals who served on active duty on or after September 11, 2001. Specific features of the program include: Eligibility. You may be eligible if you served at least 90 aggregate days on active duty after September 10, 2001 and are still on active duty, were honorably discharged from active duty, or were released from active duty for further service in a reserve component. Period of Eligibility. With the passing of the “Forever GI Bill,” there is no time limit for individuals whose last discharge date is on or after January 1, 2013. If your release from active duty was before January 1, 2013, there is a 15-year time limitation for use of benefits. Education Covered. Approved training under the Post- 9/11 GI Bill includes graduate and undergraduate degrees, vocational/technical training, on-the-job training, apprenticeships, and non-college degree programs. All programs must be offered by an institution approved for GI Bill benefits. Enrollment Fees. There are no enrollment fees to receive benefits under the Post-9/11 GI Bill. Amount of Benefit. Based on the length of your active duty service, you are entitled to a percentage of the following: a. Full tuition and fees covered for all public schools. Public universities must offer veterans in-state rates no matter

Veteran’s Benefit Timetable

Veteran’s Benefit

Application Period


Post-9/11 GI Bill

No time limit for members discharged after January 1, 2013. 15 years for members discharged prior to 2013.


10 years from date of discharge.

Vocational Rehabilitation

12 years from date of discharge.

Disability Compensation

No time limit.

Pension Benefits

No time limit.

Health Care

No time limit.

180 days from the veteran’s date of discharge or separation from active military duty.

Dental Care

Home Loan Program

No time limit.

Application period depends upon insurance program.

Life Insurance


No time limit.

Survivor Benefits

No time limit.

which state they hold residency in. For those attending private or foreign schools, the amount is capped in most states at $26,042.81 for the 2021-22 school year. This amount is paid directly to the school. b. Monthly housing allowance equal to the basic allowance for housing payable to an E–5 with dependents in the same zip code as the school. If you take classes at a satellite campus, the rate is based on the zip code on the campus you take classes rather than where the main campus is located. If you are only taking online classes, you will receive $871 for the 2021-2022 school year. The housing allowance is paid to the individual. NOTE: This allowance is not payable to individuals on active duty. c. Yearly books and supplies allowance of up to $1,000. This amount is paid to the individual. d. A one time payment of $500 to certain individuals relocating from designated rural areas. This amount is paid to the individual.


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