Financial Aid in the News

DOD Policy on Transferring GI Bill Benefits (Inside Higher Ed)

"The U.S. Department of Defense on Tuesday released its policy for transferring educational benefits to spouses and children under the new, Post-9/11 GI Bill," Inside Higher Ed reports. "Intended in part as a retention incentive, service members wishing to transfer their GI Bill benefits must have served at least six years and commit to another four (although there are specific exceptions for those nearing retirement age). The ability for service members to transfer benefits to family members -- rather than use them or lose them, themselves -- has been highly anticipated by many in the military: 'Transferability of GI Bill benefits is the most requested initiative we receive from our service members, and we believe it will assist us in retaining highly qualified military personnel,' Bill Carr, the Deputy Under Secretary of Defense for Military Personnel Policy, said in a statement announcing the new policy."

You can read the complete June 24, 2009 Inside Higher Ed article on-line.

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