How Can I Ensure I Have the Six Months Needed for the 50% Tier?
Q: I started service on June 28 of 2007, and I waived my MGIB for LRP. I plan to leave the service shortly after December 28 of 2010. My question is: since the three years of service for the LRP are finished on June 28 of 2010, and I am leaving six months later on December 28 of 2010, will I have passed the six months necessary to get 50% of the benefits of the new GI Bill? If not, how much longer should I stay in? How can I make sure of this? Thanks for any advice!
A: If you are sure of your dates, then it adds up to 182 days, not counting the 28th of June or 28 December, so you should be fine. My concern was that it was over 180 days and it is with a couple of days to spare. A good time to get out would on the last day of the year.
At the Post 9/11 GI Bill education benefits 50% tier rate, you will get 50% of your tuition paid directly to your school. You will have to pay the other 50% from personal funds.
Directly paid to you will be 50% of the housing allowance for an E-5 with dependents at the zip code of your school and 50% of the book stipend, up to $1,000 per year, which at the 50% level, you will never hit that cap.
Keep in mind that under the Post 9/11 GI Bill, if you take online only classes or attend less than half-time, you will not get the housing allowance.