Military Financial Aid
If you are serving or have served in the United States military, you have a variety of financing options available for your education. While scholarships, grants and student loans can always continue to be an option, you should first look at the different military financial aid benefits for which you may be eligible. Financial Aid is available for those who qualify.
Why Use Military Benefits?
Getting an Associate in Specialized Business/Technology Degree is a smart investment in your future, but it can be expensive. People with ASB/AST Degrees make much higher salaries on average. If you have been putting off the idea of going to school because of the expense, you should be aware of the tuition benefits that may be available for you.
Military benefits for education are like scholarships and grants in that you don’t need to pay them back. If you are eligible for tuition assistance from the military, you may not need to worry about carrying around student loan debt.
People who serve in the military can be eligible for several types of financial assistance when it comes to their education. These are usually one of the following:
- Post-9/11 G.I. Bill
- Montgomery G.I. Bill
- MyCAA – Military Family Members
All of these financial aid benefits are unique, and some might be better options for you, depending on your situation.
Military Tuition Assistance
Military Tuition Assistance is a benefit for eligible members of the Army, Navy, Marines, Air Force and Coast Guard. Each service can pay up to 100% of the tuition expenses of its members.
If you are eligible, Military Tuition Assistance is a great way to go, because it is not a loan. In fact, the military views it as one of your job benefits, something that you have earned by serving your country. This means you won't have to worry about taking on student loans and making interest payments. However, there are limits on the number of classes you can take and the amount of money that can be spent on tuition each year.
Post-9/11 G.I. Bill and Montgomery G.I. Bill
Through both of these bills, members of the military can complete programs at the undergraduate and graduate levels, Certificate programs, Diploma programs, on the job training, apprenticeship training, flight training and Associate in Specialized Business/Technology Degree courses, as long as the programs are part of a school.
Like Military Tuition Assistance, benefits from the G.I. Bills are not loans and do not need to be paid back. However, the G.I. Bills have an advantage over Military Tuition Assistance, since they can cover housing and books, as well as tuition and fees. However, students can not claim benefits from more than one bill.
You should explore each of these options to make sure you’re selecting the best one for your program.
You can find out specific information about Military Financial Aid Benefits at your specific branch website below or by visiting http://www.benefits.va.gov/gibill/
Make Plans Today
If you have served in the military, you should check to see if you are eligible for financial assistance. After all, getting an Associate in Specialized Business/Technology Degree can only benefit you.
If you have already made the decision to attend college, make sure you look at your Military Financial Aid options before you turn to student loans. If you are unsure of the details or which plan you would benefit from the most, contact us and speak with an Admissions or Financial Services Representative by calling 866-481-9301 or requesting information online.