Transfer of Education Benefits Soothes Graduate Students’ Financial Woes
A remarkable feat for the U.S. military and veterans alike, eligible recipients of Post-9/11 GI Bill benefits can now transfer those benefits to dependents. The Transfer of Education Benefits (TEB) Program is a great leap for military families with children or spouses wanting to attend graduate school but lack proper funding to do so.
The Post-9/11 GI Bill’s transferability program applies to service members who have provided at least 6 years of service and agree to extend their service 4 more years; have provided 10 years of service to the military; or are currently retired or will become retirement eligible any time between August 1, 2009 and August 1, 2013. Under these provisions, service members are able to transfer their education benefits to a spouse, to a child or to a combination of spouse and child. This added provision to the bill has opened up doors to many people who otherwise would not be able to attend a graduate university.
There are stipulations regarding extra costs covered by the benefits, but the bottom line remains the same: benefits will cover up to the highest tuition cost of any public school in the state—including graduate studies programs. For many dependents (and service members) this change couldn’t come sooner.
As the economy remains unsteady, many spouses and children are choosing to go back to or continue school in an effort to remain ahead of the game. TEB has made this possible for many dependents of military service members.
As the school year comes to a close, talk with your family about your education needs and discuss your goals. As high school and college graduates enter into the next phase of their lives, now is a great time to learn about the transferability of GI Bill education benefits. To learn more and to apply for GI Bill benefits, review our GI Bill information page. You can also calculate your BAH rate by using the calculator provided.
As always, have a safe and happy Memorial Day Weekend. Remember why we celebrate. Pass on a high five, a low five or a simple smile to a service member this weekend. Go ahead, make their day.
To all those who serve, past and present, thank you. You are appreciated.
Thanks for reading,