Will My GI Bill Pay Me to Go to a Bike School for 8 Weeks in Colorado?
Q: I retired from Army 8/07. I was told that I can still use part of my GI Bill for schooling. Want to go to a bike school in Colorado for 8 weeks. Will this help w/the cost of school/classes?
A: If you retired in 2007, you do still have time to use your GI Bill. In fact, you may have two GI Bills you could use. If you signed up for the Montgomery GI Bill when you enlisted and paid in your $1,200 contribution fee, then you have 36 months of benefits that you can use. But know that you only have until 8/17 to use those benefits as after that time they will expire.
However due to your service after September 10, 2001, you also have the Post 9/11 GI Bill. If you did not sign up for the MGIB, then you have 36 months of benefits under this GI Bill that you can use before 2022 as this one has a 15-year shelf life instead of 10.
If you have both GI Bills, you could switch over your 36 MGIB months to the Post 9/11 GI Bill and use them or use up your 36 months of MGIB first, switch to the Post 9/11 GI Bill and get an additional 12 months of benefits.
If you only plan to go to bike school and not take any additional post-secondary education, then switch to the Post 9/11 GI Bill now by going to the eBenefits website and submitting VA Form 22-1990.
Under it, the VA would pay your tuition directly to your school, provided it is a VA-approved school and you would get a housing allowance and book stipend. With the MGIB, you would get $1,648 per month, but you have to pay your own education expenses.