<p>Any guesses on how colleges will handle the transferability aspects and financial aid?
Basically, it pays up to the highest in-state public school tution rate directly to the school and pays the student $1000 a month living stipend.</p>
<p>DoD Announces Transferability Options For "Post 9/11 Gi Bill"</p>
<p>The Defense Department announced today its policy for
transferring educational benefits to the spouses and children of service
members under the "Post 9/11 GI Bill," which takes effect Aug. 1, 2009.</p>
<p>"This is as it should be in a volunteer force where families
also serve," said Deputy Under Secretary of Defense for Military Personnel
Policy Bill Carr. "Transferability of GI Bill benefits is the most
requested initiative we receive from our service members, and we believe it
will assist us in retaining highly qualified military personnel."</p>
<p>Career service members on active duty or in the selected
reserve on Aug. 1, 2009, and who are eligible for the "Post 9/11 GI Bill,"
may be entitled to transfer all or a portion of their education entitlement
to one or more family members. To be eligible, service members must have
served in the Armed Forces for at least six years, and agree to serve four
additional years, from the date of election to transfer.</p>
<p>Service members with at least 10 years of service, who by
DoD or service policy are prevented from committing to four additional
years, may transfer their benefits provided they commit for the maximum
amount of time allowed by such policy or statute.</p>
<p>Additionally, to maintain proper force structure and
promotion opportunities, temporary rules have been developed for service
members eligible to retire between Aug. 1, 2009 and Aug. 1, 2012. Depending
on their retirement eligibility date, these service members will commit to
one to three additional years, from the date of election to transfer.</p>
<p>The services will provide further implementation guidance.
Beginning June 29, 2009, eligible service members may make transfer
designations by visiting this Web site: <a href="https://www.dmdc.osd.mil/TEB%5B/url%5D">https://www.dmdc.osd.mil/TEB</a> . The
full transferability policy is available here
<<a href="http://www.defenselink.mil/news/DTM%5B/url%5D">http://www.defenselink.mil/news/DTM</a> 09-003 Post 9-11 GI Bill.pdf> .</p>
<p>Service members may be eligible for the "Post 9/11 GI Bill"
if they served at least 90 aggregate days on active duty on or after Sept.
11, 2001, and were honorably discharged. Based on the length of active duty
service, members are entitled to a percentage of the cost of tuition and
fees, not to exceed the most expensive in-state undergraduate tuition at a
public institution of higher learning. Members not on active duty may also
receive a monthly living stipend equal to the basic allowance for housing
payable to a military E-5 with dependents, and to an annual $1,000 stipend
for books and supplies.</p>
<p>The Department of Veterans Affairs administers the "Post
9/11 GI Bill," and determines eligibility for education benefits. Further
information on eligibility, benefit levels, and application procedures can
be found at their Web site, GI</a> Bill Home - (U.S. Department of Veterans Affairs)
<a href="javascript:void(0);/1245762810565/">javascript:void(0);/1245762810565/</a> .</p>
<p>U.S. Department of Defense
Office of the Assistant Secretary of Defense (Public Affairs)</p>