Military Student Loans New Orleans LA

There are more than 1.1 million active military personnel in the U.S. today and more than 1 million reserve and National Guard members around the country. Civilian personnel also make up a sizable number of America’s military system with more than 634,185 active employees distributed throughout the four branches of military service—the Army, Navy, Air Force, and Marine Corps. Many members of the military will continue their careers within any of the four branches of service, while others will pursue interests outside of the military, such as obtaining a college degree.

One of the biggest benefits of serving in the U.S. military is the opportunity to have most if not all of your college tuition covered. For veterans and current members of the military, the U.S. government has set aside more than $4 billion in education benefits and more than $3 billion in grants. Veterans and current members of the military are almost guaranteed a substantial amount of “free” funding for college, regardless of income, in the form of benefits, grants, and scholarships.

Depending on the program, students may enjoy benefits that cover anywhere from 75 to 90 percent of undergraduate or graduate school expenses. In addition, low-cost student loans are also available to all members and former members of the military.

Programs for Veterans and Current Members of the Military

Because the U.S. military is made up of a diverse group of American citizens and the military is diverse and complex in itself, there are literally hundreds of college financial aid programs to consider. The following are the largest financial aid programs offered by the U.S. government/military. It is important to keep in mind that each of the four branches of military offers its own distinct financial aid programs.

The Montgomery GI Bill

The Montgomery GI Bill provides benefits to veterans, service members, and certain dependents of disabled or deceased veterans interested in pursuing a degree or vocational training. The GI Bill provides up to 36 months of education benefits to servicemembers. For post-9/11 veterans, the benefit will cover the full cost of tuition at any public school in the country and a sizable number of private schools. Tuition payments will be paid directly to the school and each student will receive a $1,000 book/supply stipend per year as well as a monthly living stipend. Tuition payments are capped at the cost of the most expensive public school in each state. Please click here for a state-by-state breakdown. To calculate your benefits, click here or visit the GI Bill 2008 website at: http://www.gibill2008.org/ .

To apply for the Montgomery GI Bill visit the United States Department of Veterans Affairs to complete and submit your electronic application online or you may call 1-888-GI-BILL (1-888-442-4551) to have the application form mailed to you.

Army ROTC

For individuals interested in earning a college degree and serving as an officer in the...