There are more than 1.1 million active military personnel in the U.S. today and more than 1 million reserve and National Guard members around the country. Civilian personnel also make up a sizable number of America’s military system with more than 634,185 active employees distributed throughout the four branches of military service—the Army, Navy, Air Force, and Marine Corps. Many members of the military will continue their careers within any of the four branches of service, while others will pursue interests outside of the military, such as obtaining a college degree.
One of the biggest benefits of serving in the U.S. military is the opportunity to have most if not all of your college tuition covered. For veterans and current members of the military, the U.S. government has set aside more than $4 billion in education benefits and more than $3 billion in grants. Veterans and current members of the military are almost guaranteed a substantial amount of “free” funding for college, regardless of income, in the form of benefits, grants, and scholarships.
Depending on the program, students may enjoy benefits that cover anywhere from 75 to 90 percent of undergraduate or graduate school expenses. In addition, low-cost student loans are also available to all members and former members of the military.
Programs for Veterans and Current Members of the Military
Because the U.S. military is made up of a diverse group of American citizens and the military is diverse and complex in itself, there are literally hundreds of college financial aid programs to consider. The following are the largest financial aid programs offered by the U.S. government/military. It is important to keep in mind that each of the four branches of military offers its own distinct financial aid programs.
The Montgomery GI Bill
The Montgomery GI Bill provides benefits to veterans, service members, and certain dependents of disabled or deceased veterans interested in pursuing a degree or vocational training. The GI Bill provides up to 36 months of education benefits to servicemembers. For post-9/11 veterans, the benefit will cover the full cost of tuition at any public school in the country and a sizable number of private schools. Tuition payments will be paid directly to the school and each student will receive a $1,000 book/supply stipend per year as well as a monthly living stipend. Tuition payments are capped at the cost of the most expensive public school in each state. Please click here for a state-by-state breakdown. To calculate your benefits, click here or visit the GI Bill 2008 website at: http://www.gibill2008.org/.
To apply for the Montgomery GI Bill visit the United States Department of Veterans Affairs to complete and submit your electronic application online or you may call 1-888-GI-BILL (1-888-442-4551) to have the application form mailed to you.
Army ROTC
For individuals interested in earning a college degree and serving as an officer in the Army, Army Reserve, or the Army National Guard, the Army ROTC program is for you. The program is offered at more that 600 colleges and universities throughout the U.S. and it is the largest single source of Army officers. Army ROTC scholarships pay up to $20,000 a year for college tuition and education fees or room and board. The student may choose what area he or she would like to use the scholarship award for.
In addition to a maximum $20,000 per year, ROTC students will also receive a tax-free subsistence allowance for up to 10 months each year the scholarship award is in effect. The amount of the subsistence allowance increases as student’s progress through the program. Army ROTC scholarships are based on merit and grades, not on need. So a student may fall into any income bracket and still qualify for a scholarship award. For more information about Army ROTC, visit the official Army ROTC website at: http://www.goarmy.com/rotc/.
Federal Pell Grants
Many forms of financial aid for veterans and military personnel may be combined with the Federal Pell Grant to help cover the costs of college. Administered by the U.S. Department of Education, the Federal Pell Grant Program is the largest grant program offered by the federal government.
U.S. Congress sets the maximum award amount based upon a student’s need analysis and status (full or part-time). For the 2009-2010 academic year, the maximum award is expected to fall somewhere between $4,241-$4,310.
To apply for a Federal Pell Grant, simply fill out the Free Application for Federal Student Aid form online at www.fafsa.ed.gov.
Veterans Education Assistance Program (VEAP)
The Veterans Education Assistance Program is a matching program designed to help cover the costs of college tuition and it may also cover the costs for refresher courses for individuals who have been out of school for a while. Enlisted individuals can contribute $25-$100 per month to an educational fund. The Federal government will match the contribution with $2 for every $1 contributed by the service member. The program pays the service member up to 75 percent for undergraduate courses and 90 percent for job-related courses.
There are more than 1.4 million non-profit organizations in the U.S., with more than 12.5 million employees. The non-profit sector expends $120 billion in annual personnel costs and represents $340 billion in total annual budget outlays. This means, if you’re lucky enough to land a job with a religious organization, hospital, university, foundation, or other non-profit organization, you can expect stability, salary growth, employment growth, and a variety of positions to choose from.