Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Fin aid and va info for military docx


Published on

Published in: Education
  • Be the first to comment

  • Be the first to like this

Fin aid and va info for military docx

  1. 1. Federal is Federal Student Aid’s gateway website for students. It provides a wealth ofknowledge, including information about applying for college and financial aid, information aboutfinancial aid, scholarship and career searches, and managing loan repayment.www.fafsa4caster.ed.govIf students want to begin exploring their financial aid options and get an early start on the financialaid process, FAFSA4caster is for them! By using FAFSA4caster, students and families will receivean early estimate of eligibility for federal student aid. This website provides students with anopportunity to increase their knowledge of the financial aid process and become familiar with thevarious types of federal student aid that are is the website where students complete and submit the FAFSA on the Web. Students andfamilies may also print the FAFSA on the Web Worksheet and PDF FAFSA from the site. Aftersubmitting the FAFSA, students may use this site to check the status of their application, viewprocessing results, and submit this site, students and parents may apply for a Federal Student Aid Personal IdentificationNumber, or FSA PIN. A FSA PIN allows students and parents to sign the FAFSA electronically. AFSA PIN will also allow students to access application information after they submit the FAFSA,sign and access other financial aid documents such as loan promissory notes, and access loaninformation after they leave college. SmartStudent Guide to Financial Aid. Website includes information on scholarships, loans, andinformation on financial aid applications.Other useful websites: *** NOTE*** If you are interested in Financial Aid, please call YOUR schools Financial Aid Office for further guidance.
  2. 2. VA information options to apply for your GIBILL benefits:Fill out a Form 22-1990 from the GIBILL website and mail to the VA Buffalo Region or apply through the Ebenefits website.;Ebenefits website: The Gateway to VA benefits information. You will need to create ausername/password to access this site; You will be able to apply for your VA GIBILL benefits.To ask specific questions about your transferability to dependents with the Post 9/11 GIBILL pleasecall or email AFPC at 800-525-0102 or 210-565-5000 or DSN 665-5000 Please use this website toactually transfer your benefits; http://milconnect.dmdc.milBasic difference in Chapter 30 (Montgomery GIBILL) and Chapter 33 (Post 9/11)Chapter 30 (per GIBILL website)The MGIB program provides up to 36 months of education benefits. This benefit may be used for degreeand certificate programs, flight training, apprenticeship/on-the-job training and correspondence courses.Remedial, deficiency, and refresher courses may be approved under certain circumstances. Generally,benefits are payable for 10 years following your release from active duty.If you use the MGIB while on active duty VA can pay you whichever is less: The monthly rate based on tuition and fees for your course(s); or Your maximum monthly MGIB rate (basic rate plus any increases you may qualify for).Current full time payment: $1564.00Current ½ time payment: $782.00This money is paid directly to you from the VA. It is your responsibility to pay the schoolwhatever money is owed to them.Chapter 33 (Post 9/11) – per GIBILL websiteThe Post-9/11 GI Bill program is comprised of multiple payments. All payments and maximum amountslisted on this page are applicable to individuals eligible for the full benefit (100% eligibility tier). If youare not eligible for the full benefit, the payment and maximum amounts listed will be prorated based onyour eligibility percentage.Tuition is paid directly to the school.BAH is paid to you, however if you are currently active duty (you are NOT eligible for this benefit)Book Stipend ($1000 per year) – based on how many credits you are currently enrolled in.For a public school – you are eligible to receive all Tuition and fee payments for an in-state student. EXAMPLE OF BENEFITS (COMPARISON)
  3. 3. Student is enrolled in 2 classes for a 16 week session; each class is approx $750.00 ($250 asemester hour x 3 credits). This total is equal to $1500.00 of tuition owed to the school. Theschool considers you a ½ time student.Chapter 30 benefits approx:VA would pay YOU approx $782.00 a month for 16 weeks (4 months). This equals to $3128paid to you. You pay the school the $1500.00 owed to them and you pocket $1628.00. VAwould then charge you approx 2 months of usage out of your 36 months of benefits.Chapter 33 benefits:VA would pay the school directly their tuition and fees. You would not be eligible for BAH ifyou are currently on active duty, however you would be eligible for the book stipend. (approx$250.00 for the 6 credit hours). VA would then charge you for 4 months out of the 36 months.*NOTE*** If you have already converted from Chapter 30 to Chapter 33 then you cannotgo back to Chapter 30. You will have to use your Chapter 33 benefits.