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Veterans See Education Benefits Double as New GI Bill Becomes Law

Published 30 June 08 02:00 PM | Student Loan Girl 

The new GI Bill, signed by President Bush on June 30, more than doubles veterans’ education funds from the current $40,000 to $90,000, and is seen as a return to the same generous benefits extended to veterans of World War II, according to an Associated Press article (“Bush Signs $162 Billion War Bill,” June 30, 2008).

The new legislation will allow veterans who served in the wars in Iraq or Afghanistan for at least three years to attend the most expensive public institution in their state, all expenses paid. Soldiers will also receive a small monthly stipend for housing and may transfer their benefits to their spouse or children.

For those veterans who opt to attend more expensive private schools, the new GI Bill will match any aid that their institutions provide above the cost of the most expensive public college in their state.



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