veteran student loans Archives

American’s take great pride in the Department of Veterans Affairs statistic claiming that over one million Veterans have gone to college or vocational training through the Post-9/11 GI Bill. While this data is accurate, it leads to the misconception that every Veteran is entitled to a free college education through the GI Bill. But, sadly, this is not so.

It’s true that the Post-9/11 GI Bill is the most complete and most generous Veteran education benefit to date. The most current GI Bill will cover the complete cost of tuition at a state college or university, or up to $20,235 in tuition per year at private schools. The benefit also pays recipients a housing allowance that is equal to BAH for E-5 with dependents for the zip code of the school, as well as a $1,000 per year stipend for books and supplies. The benefit is available for a total of 36 months to Veterans who have served since September 11, 2001.

But not every Veteran is eligible for the Post-9/11 GI Bill. Also, the benefit does not pay for student loans already accrued. So, while 1 million Veterans and counting are reaping the rewards from a tremendously generous VA benefit, there are many, many more struggling with tuition payments and student loans.

The VA estimates that there are approximately 22 million Veterans in the U.S. There are also more than 1.3 million service members on active duty, and more than 850,000 members of the Reserves. Despite the fact that over 1 million Veterans have received free tuition, there are still over 20 million Veterans who may be in need of tuition assistance. Additionally, there are over 2 million service members between current active duty personnel and Reservists who may have student loans that won’t get paid by the GI Bill.

Veterans who are facing financial hardships due to uncovered tuition payments and student loans should research Leave No Veteran Behind (LNVB), a Chicago based nonprofit organization that offers Retroactive Scholarships to Veterans.

The LNVB Retroactive Scholarship is a highly sought after scholarship open to eligible Veterans who meet the criteria, which includes: the completion of a degree or vocational program, existing loans from a lending institution for education costs, and a letter explaining the financial or personal/family hardship that their education debt has created. LNVB scholarship recipients must also be willing to agree to complete 100-400 hours of community service.

Veterans interested applying for the LNVB Retroactive Scholarship should click here to apply.

Patriotic Americans and Veterans interested in contributing to the education of Veterans are invited to DONATE what they can.

Military Connection proudly serves those who serve in the Army, Navy, Air Force, Marines, Coast Guard, Guard and Reserve, Veterans and their Families. We are the go to site for Veteran Employment and information on Veteran education. Militaryconnection.com provides Veterans with and Directory of Employers, a Job Board, information on the Post-9/11 GI Bill, and a blog that offers Veterans boundless information. Be sure to visit Militaryconnection.com, the go to site.