US Vets Get Expanded College Assistance Under President Trump

US Vets Get Expanded College Assistance Under President Trump

US Vets Get Expanded College Assistance Under President Trump

US military veterans are getting unlimited access to college assistance under legislation President Donald Trump has signed into law.

The Forever GI Act removed a 15-year limit on using the benefits, effective immediately. The measure increases financial assistance for National Guard and Reserve members, building on a Y 2008 law that guaranteed veterans a full-ride scholarship to any in-state, public university, or a similar cash amount to attend private colleges.

Purple Heart recipients forced to leave the service due to injury are eligible for benefits, as are dependents of service members who are killed in the line of duty.

Veterans would get additional payments for completing science, technology and engineering courses, part of a broad effort to better prepare them for life after active-duty service amid a fast-changing job market. The law also restores benefits if a college closes mid-semester, a protection that was added after thousands of veterans were hurt by the collapse of for-profit college giant ITT Technical Institute and Corinthian Colleges.

“This is expanding our ability to support our veterans in getting education,” Veterans Affairs Secretary David Shulkin said at a briefing after President Trump signed the measure in New Jersey.

President Trump is staying at his New Jersey golf club on a working vacation.

The Veterans of Foreign Wars says hundreds of thousands stand to benefit.

Student Veterans of America says that only about half of the 200,000 service members who leave the military each year go on to enroll in college, while surveys indicate that veterans often outperform peers in the classroom.

The expanded educational benefits would be paid for by bringing living stipend payments under the GI Bill down to a similar level as that received by an active-duty member, whose payments were reduced in by Obama in Y 2014 by 1% a year for 5 years. Total government spending on the GI Bill is expected to be more than $100-B over 10 years.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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