The Department of Defense Thursday afternoon unveiled new changes to the Forever GI Bill, requiring service members to meet stricter requirements if they wish to transfer education benefits to a dependent — including a cap on how long you can wait to pass on those bennies. Previously, “There were no restrictions on when a service member could transfer educational benefits,” Pentagon spokeswoman Jessica R. Maxwell told T&P; in an email.
The Federal Trade Commission has filed a lawsuit against DeVry University, alleging that its advertisements deceived applicants about the likelihood that students would find jobs in their fields of study and be offered superior salaries post-graduation.
Veterans who choose to pursue higher education have access to a number of benefits to help them along the way, but managing finances can be tricky. Though the Post-9/11 G.I. Bill works to cover tuition and living expenses, there are still things you should consider when applying for and attending college.
Roughly 928,000 spouses and dependents have used the Post-9/11 G.I. Bill funding to attend schools in the first five years the benefit was offered, according to the Department of Veterans Affairs. Though some lawmakers suggest that regulations be tightened to lower the number of transfers, benefits remain transferrable at the time of this writing.