Dependents and Spouses of active duty Servicemembers as well at Veterans who have bravely served their country are now able to share some of their benefits within their family. Starting in November 2007 Congress set into motion a program where you can transfer part of your Active Duty Montgomery GI Bill benefits. You are able to designate a portion of your family to use money from your MGIB bill to attend the same standard of colleges that you would qualify for if you yourself chose to go to university.
This is a brand new program and one long overdue. It is a good benefit for those who have a larger family, and will allow the education and advancement of education goals for members of the family besides the Servicemember. This is a program that has been created to help retain Servicemembers and it is one that provides incentives soldiers to re enlist and to stay in the military. The need for retaining soldiers has risen with the War on Terror, and there are many different methods for keeping soldiers in and interested. This is especially true in specialties and MOS designations that are facing critical shortages. So this transfer benefit has some restrictions. If a soldier does not select the transfer option when they initially decide to enlist, then they cannot use the transfer option until they are ready to possibly reenlist, and it does not become available until they actually agree to another enlistment period. The same kinds of VA Montgomery GI bill education funds that are accessible for the Servicemember are available to their spouse or dependent, under the conditions mentioned above. Up to 18 months or in other words, up to Â½ of the benefits that are available to the Servicemember can be transferred to their spouse or their children/dependent to use. This is a feature that many in the Armed Forces say is long overdue, and promises to be a lucrative benefit for many Servicemembers.
This is an educational support program that will be well used; especially by young families that have veterans that have served in the military newly home from the War on Terror. Young families looking to get a new start in life, or long term Servicemembers that are working to retire and start a new life.