While no one action may adequately express gratitude to the brave men and women who have dutifully served our country, we as a country should at least give them more opportunities back home. One way the United States honors its servicemen and women is by providing educational grants and scholarships to members of the armed forces, veterans, and their families. Veterans’ scholarships and awards are funded by the federal government, military organizations, colleges, and individual contributors.
One of the most well-known financial help schemes in the U.S. is the G.I. Bill. It is not hyperbole to suggest that the Montgomery G.I. Bill, which opened higher education to returning veterans, altered the course of the country. The G.I. Bill had a significant role in creating the middle class that would support the country in many ways. The bill has undergone numerous adjustments since it was first introduced, but it still offers critical financial support for veterans who want to pursue a college education.
Military members who consent to have $100 deducted from their monthly pay allotment are eligible to receive benefits under the Montgomery G.I. Bill. Additionally, service members can elect to have an additional $600 withheld from their monthly pay to obtain greater benefits after being released from active duty. The G.I. Bill offers varying amounts of financial assistance, which are determined by the time spent and the contributions made by each service member. An honorable discharge often entitles a military member to up to 36 months of educational benefits, or around $37,000.
Reservists and National Guard troops who chose to pay into the program during their term of service can also use the G.I. Bill. The total education benefits for these military auxiliary members will be close to $11,000.
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