Showing posts with label dependent. Show all posts
Showing posts with label dependent. Show all posts

Thursday, August 10, 2017

Forever G.I. Bill??????

How we doing hard-chargers… 
I thought I’d break down the changes to the G.I. Bill and give you a better understanding of how it affects veterans.
Now you may have heard of the G.I. Bill, as it was started in 1944, and is law passed that provides educational and other benefits for people who had served in the armed forces in World War II. Of course these benefits are still available today for those who serve and get out honorably.

Forever G.I. Bill

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* Time Limits

One of the biggest changes would be the fact that the 15 year time limit has been removed for those using Post-9/11 G.I. Bill. This only goes into affect for veterans and dependents using transferred benefits, and they are eligible after January 1, 2018.
That means is you’re a veteran using the G.I. Bill  or active duty military planning to use the G.I. Bill or even a dependent of a veteran or active duty this does not apply to you.
As of now it still remains the same, pertaining to veterans, active-duty military, and dependents. As they still have 15 years from their discharge date to use up all their G.I. Bill benefits, or they will lose them.
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* Reservists

Any Reservist called to active duty (When a Government request federal assistance in responding to a major disaster or emergency) are now eligible to use the new G.I. Bill.
Prior to only reservist called by the President as a result of a national emergency were eligible.This would apply to reservist who were mobilized after August 1 2009, Reservist can only receive payment for classes that start August 1st 2018.

* Dependents

Fry Scholarship recipients are now eligible for the Yellow Ribbon Program.
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Dependents Education Assistance (DEA) payments will increase to 50 percent, but the maximum number of months a dependent can get DEA decreases from 45 to 36 months and is effective Aug. 1, 2018.
Some changes will be made to the transferred Post-9/11 GI Bill to make it easier to reallocate transferred benefits if the sponsor or dependent passes away.

* Housing Allowance

Housing allowance is now based on the campus location where you attend classes.
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* Institution Closings

For those attending a school that has closed or lost accreditation and you lose credit for the classes you took, you don’t have to pay back any G.I. Bill benefits you received at that school. It is not retroactive either.

* Benefit Tiers

G.I. Bill is currently based on the amount of active duty time you have. If one were to have less than 36 months of active duty you could possibly get less than the full amount. So the new law makes it where anyone who receives a Purple Heart will get the full G.I. Bill no matter how long they served active duty.

* STEM Classes

There is a huge emphasis on getting veterans enrolled in STEM (Science, Technology, Engineering, and Mathematics) programs. The new G.I. Bill creates the
“Edith Nourse Rogers Scholarship.” 
2008_270_000 (Very important person, perhaps another post in itself)
This pays veterans $30,000 if they are enrolled in a STEM program, have used up all their G.I. Bill benefits, and have at least 60 semester/90 quarter hours credit toward a STEM degree, effective Aug. 1, 2018.

* Taxation

So from all of this we see clearly that more people are now eligible for the G.I. Bill, there is more types of training, and also more money paid to veterans.
This will be paid for by reducing the amount of monthly housing allowance the new users get.
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A provision was  made in 2015 about slowing the increase of basic allowance housing, active duty no longer pays the full amount of the housing cost.
Active duty BAH is being reduced to 1 percent every year from 2015 to 2019, when 2020 hits BAH will only cover 95% of military members housing cost.
January 1st 2018, the G.I. Bill housing allowance will also decrease. So anyone eligible will get an average of about $100.00 less housing allowance.
Please feel free to let me know your thoughts about the new forever G.I. Bill, as I’ve already heard that a large majority of vets aren’t happy. Many feel this is nothing more than a recruiting scheme to get younger people to serve yet nothing is being done for the actual current Veteran.
Isaac J. Hall II
#SemperKill

Thursday, December 22, 2016

BAH to increase for 2017

Good day folks! So this just in--->>> Basic Allowance Housing (BAH) rate will increase to an average of $41 per month January 1. The calculation used to determine it shrinks the amount of housing costs it is designed to cover.
BAH is re-calculated yearly using a snap-shot of housing cost in each region. For 2017, the rate is designed to cover 97 percent of troops' housing costs, which is a one percent drop from last year also the third step in a congressional plan to reduce rates by five percent over the next five years. The rate also no longer covers the cost of rental insurance.
Key to Financial Success
The Basic Allowance for Subsistence (BAS) rate for 2017 will remain un-changed from 2016 at $253.63 for officers and $368.29 for enlisted personnel. BAS is calculated based on the average price of food. BAH and BAS changes will be reflected in troops January 15th pay-check.
Troops in areas or pay-grades set to receive a BAH rate increase will receive the new, higher rate beginning in January. Those who live in an area with a rate reduction for 2017 will be grandfathered into the old, higher rate until they leave the area or change rank. If they are promoted and their new rank receives a lower rate, they will continue to receive their old, higher rate.
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There are almost 2,000 troops stationed in Atlanta, Georgia, and they will see the largest increase in BAH for 2017 at 19 percent. An increase from $1,374 for an E-4 with dependents to $1,641.
Troops in Seattle will also see a major increase as well for their second year in a row. The average rate there will rise 13 percent for 2017. An increase from $2,073 for an E-4 with dependents to $2,373.
There are also areas facing larger rate drops for instance, Fort Huachuca, Arizona, where the rate will decrease by nine percent. Going from $858 for an E-4 with dependents currently living there to $789 for those new to the region.
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Minot, North Dakota, also will face a major drop this year, with a rate decrease of 11 percent. Which goes from $1,308 for an E-4 with dependents currently living there to $1,170 for new residents.
Minot was the recipient of a 41 percent BAH increase in 2012 when flooding combined with an oil boom causing a major housing shortage.
I urge you all to please keep up with current events, you very well could be affected by certain things happening around us.
Isaac J. Hall II
#SemperKill