November 21, 2009, 12:15AM EST

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Finance Your Education: The GI Bill

Because online education is a relatively new institution, there has been some question as to whether or not the GI Bill, a military institution begun in 1944, would apply. The answer: It does. Considered an IHL or institute of higher learning, many online education programs are covered under the GI Bill, including non-degree programs like HVAC or other vocational certifications. According to the U.S. Department of Veteran Affairs:

The GI Bill is available for attendance at IHLs such as:

  • Four Year Universities
  • Community Colleges
  • Advanced Degrees

Payment is based on the number of classes you attend:

  • 12 hours or more – fulltime
  • 9 – 11 hours – ¾ time
  • 6 – 8 hours – ½ time
  • less than 6 hours – reimbursed at a rate not to exceed the tuition & fees charged for the course(s).

For graduate level training, the training time is determined by the college – for example, if a 2 hour class is considered full time in a graduate program at your school, the VA will pay you the full time rate.

The GI Bill will allow you to attend more than one college at a time, as long as the classes at both institutions count towards your degree, and the school granting your degree accepts the classes at the second school as part of your requirements. However, the GI Bill will not pay you to take the same classes twice unless you receive a failing grade in a class that is a graduation requirement.

The GI Bill can pay you for more than one degree, for example: it will pay you for a degree in Business and then for a second degree in Computer Science, or for an AA, BA, MA in the same field. Once you have a degree, you could pursue another one provided you have remaining entitlement on your GI Bill.
 If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.

If you are enlisted, you may be eligible for GI Bill benefits for your education. Family members may also be eligible for financial assistance through the GI Bill.

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