Summary of Federal Laws     

Financial Aid Programs   

Veterans Educational Assistance Act of 2008 (Chapter 33 Of Public law 110-252)
Post-9/11 GI Bill; Final Rule,  74 Fed. Reg. 14653, March 31, 2009

This bill creates a new veterans education benefit for those persons on active duty on or after Sept. 11, 2001. The benefits may be transferred to family members. The legislation is effective Aug. 1, 2009. The benefits are tied into the Montgomery GI Bill Active Duty legislation (MGIB). A school that is MGIB approved is eligible for participation in this new benefit program. Certain benefits under this program will be paid directly to institutions. For service members who served 36 months or more, the program allows schools to enter into agreements with Veterans Affairs to share the cost of tuition and fees that exceed the cap, which is the cost of in state tuition and fees for full time undergraduates at the most expensive public institution in the state where the beneficiary is enrolled. See the 2008-2009 Maximum In State Tuition and Fees Chart. ***

Agreements with the VA are due by Feb. 15th of each academic year, with the first agreement due by June 15, 2009.

 

Resources

ACE Q and A on Post-9/11 Veterans Educational Assistance Act of 2008

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ACE Nov. 2008 Issue Brief
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US Dept. of Veterans Affairs web page on Post 9-11 GI Bill

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New page 7/2/09 by mlo