How Far The G.I. Bill Really Takes You
For starters, the money available to veterans through the Montgomery GI Bill, the 1984 revamped version of the original legislation, is a fixed amount. It doesn’t change if you go to a $30,000 a year private school in Connecticut or a $26 a credit community college in California. For someone who served in the active-duty military, the standard allotment is $1,075 tax-free dollars a month. That number goes down to $309 for reservists, but bonuses throw in as much as $950....