It’s Been Two Months Since I Started School. When Can I Expect to See Some Money From My GI Bill?
Q: OK, I am attending college online. I have started on 27 Aug 2012. Now it’s 22 October2012. For what months will I be paid for, and how soon will I see the payment drop into my account?
A: It can take awhile to get your first GI Bill payment – up to 10 weeks. As of this writing you have been waiting about 8 weeks, so you should see some money soon. Fortunately, for the rest of the months in this semester, you should get your money monthly around the same time each month. However, next semester, the process starts all over again.
The good thing is when you do get your first payment, it should include the last few days of August and all of September and maybe October.
The VA should pay your school for your tuition and eligible fees up to the resident rate. If you are attending a public school, they’ll pay up to your tier percentage. Being you are attending online, your housing allowance will be locked in at $673.50 if you are a full-time student at the 100% Post 9/11 GI Bill level. Once each semester you should also get a book stipend calculated at $41.67 times the number of credits you are taking and again at your tier percentage.
If you are using the Montgomery GI Bill, then you would get $1,564 per month as a full-time student if you served for at least three years. If you are less than full-time, or served less than three years, then your monthly amount would be less. Also out of that monthly amount, you have to pay all your own education expenses including tuition, fees, books, etc.