July 8, 2009

New GI bill – benefits vary by state???

Posted in Graduate Students, Grants, Legislation Affecting Students, Saving for College, Student Loan News, The Financial Aid Process tagged , , , at 12:52 PM by Joe From Boston


Yup, you read that right.

The feds decided to provide veterans with a stipend equaling the cost of the most expensive public state school.  Which is great if you live in New Hampshire – that’s $25K.

In California, it’s a whopping $0.  Turns out, it’s illegal to charge tuition at public schools in California (though the thousands of dollars in fees seems to be legal… but that’s another story).

I grant you, it’s still a lot better than the old bill – it provides full in-state undergraduate tuition and fees as opposed to the old monthly stipend.

But what sounds like a great deal – providing the equivalent about to a private school- turns out to be a crappy lottery depending on where you live.  I’m in Massachusetts.  Veterans here will get about $2200 a year which is useless in a state that has some of the highest tuition and cost-of-living expenses.

Veterans are being penalized by states that have worked hard to keep tuition low.

And what about veterans pursuing graduate degrees?

Looks like Congress created a monster… again…

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