The new GI Bill, called the Post 9/11 Veterans Educational Assistance Act, expands educational benefits for post 9/11 veterans. Its full provisions are available on the Library of Congress Website. It was proposed and originally sponsored by Senator James Webb (D-VA).
For veterans who have served 36 consecutive months in the military, including Reserve units, since September 11, 2001, the law will cover the full cost of tuition at a state’s most expensive public university, plus a $1,000 per-year stipend for books and supplies, along with a monthly housing stipend based on the college’s location. Check out GI Bill 2008, which contains a run-down of the most expensive public university in each state. For those who have served a shorter time since 9/11, the benefits are pro-rated, starting at 40% for 90 consecutive days of service. The individual’s entitlement to these benefits expires 15 years after the date of his/her last discharge or release from active duty. Benefits under the Montgomery GI Bill will increase immediately by about 20% and the Webb program benefits will begin in August 2009.