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Changes to the Post-9/11 GI Bill’s Transferability Rules Coming January 2020

College students

Post-9/11 GI Bill Transferability Rules

Significant changes were made to the transferability rules for the Post-9/11 GI Bill, which were to become effective in July 2019. However, the Pentagon recently delayed these changes until Jan. 12, 2020. It is important to act now if these changes impact you and your family.

Transfer Post-9/11 GI Bill Benefits, Big Savings

The Post-9/11 GI Bill provides education benefits to active duty and Selected Reserve service members. Did you know that service members can transfer unused education benefits to immediate family members?

So, if your service member is eligible for the Post-9/11 GI Bill and does not plan on using his or her education benefits, consider transferring those benefits. This can mean big savings for your family now and in the future.

Important Points to Remember

In order to qualify, the service member must:

  • Be eligible for the Post-9/11 GI Bill and be currently serving in the Armed Forces (active or reserve), and
  • Have at least six years and not more than 16 years of military service on the date of the member’s Transfer of Eligibility Benefits (TEB) request application.
  • Be eligible to stay on active duty for an additional four years after the date of election to transfer benefits.
  • Be on active duty for transfer requests to be submitted and approved.

What Is the Main Takeaway?

Service members with more than 16 years of service who wish to transfer benefits should do it before Jan. 12, 2020.

However, if you already have an approved TEB request, this change does not apply to you.

The service member can transfer benefits to his or her spouse, children or a combination of both. At least one month of benefits should be transferred to each eligible dependent; the maximum amount that can be transferred is 36 months.

Act Now!

To begin the transfer process, log into milConnect and go to “Transfer My Education Benefits.” Note, your service may have additional requirements, so be sure to check.

In conclusion, the time to act is now. If your spouse is considering transferring his Post-9/11 GI Bill education benefits, has not done so yet, and has more than 16 years of service, be sure to transfer benefits before Jan. 12, 2020. Do not let this opportunity pass you by.

The cost of education continues to increase. Wouldn’t it be great to get some assistance to help achieve your family’s educational goals?

Find more information, visit the U.S. Department of Veterans Affairs website and review this VA fact sheet.

 

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MilSpouse Money Mission™ offers FREE personal financial education specifically geared toward spouses, including the Money Ready curriculum for various stages of financial life, a blog, a video library, and a social media community. And we’re just getting started!

Join the mission to lead your family to a stronger financial future. Explore the Money Ready curriculum. Connect with us on Facebook, Twitter, Instagram and YouTube.

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College students

Post-9/11 GI Bill Transferability Rules

Significant changes were made to the transferability rules for the Post-9/11 GI Bill, which were to become effective in July 2019. However, the Pentagon recently delayed these changes until Jan. 12, 2020. It is important to act now if these changes impact you and your family.

Transfer Post-9/11 GI Bill Benefits, Big Savings

The Post-9/11 GI Bill provides education benefits to active duty and Selected Reserve service members. Did you know that service members can transfer unused education benefits to immediate family members?

So, if your service member is eligible for the Post-9/11 GI Bill and does not plan on using his or her education benefits, consider transferring those benefits. This can mean big savings for your family now and in the future.

Important Points to Remember

In order to qualify, the service member must:

  • Be eligible for the Post-9/11 GI Bill and be currently serving in the Armed Forces (active or reserve), and
  • Have at least six years and not more than 16 years of military service on the date of the member’s Transfer of Eligibility Benefits (TEB) request application.
  • Be eligible to stay on active duty for an additional four years after the date of election to transfer benefits.
  • Be on active duty for transfer requests to be submitted and approved.

What Is the Main Takeaway?

Service members with more than 16 years of service who wish to transfer benefits should do it before Jan. 12, 2020.

However, if you already have an approved TEB request, this change does not apply to you.

The service member can transfer benefits to his or her spouse, children or a combination of both. At least one month of benefits should be transferred to each eligible dependent; the maximum amount that can be transferred is 36 months.

Act Now!

To begin the transfer process, log into milConnect and go to “Transfer My Education Benefits.” Note, your service may have additional requirements, so be sure to check.

In conclusion, the time to act is now. If your spouse is considering transferring his Post-9/11 GI Bill education benefits, has not done so yet, and has more than 16 years of service, be sure to transfer benefits before Jan. 12, 2020. Do not let this opportunity pass you by.

The cost of education continues to increase. Wouldn’t it be great to get some assistance to help achieve your family’s educational goals?

Find more information, visit the U.S. Department of Veterans Affairs website and review this VA fact sheet.

 

Are you ready to join the mission?

MilSpouse Money Mission™ offers FREE personal financial education specifically geared toward spouses, including the Money Ready curriculum for various stages of financial life, a blog, a video library, and a social media community. And we’re just getting started!

Join the mission to lead your family to a stronger financial future. Explore the Money Ready curriculum. Connect with us on Facebook, Twitter, Instagram and YouTube.

Team Member

We are a team of Certified Financial Planner™ professionals, an Accredited Financial Counselor®, and current and former service members and military spouses who are passionate about financial education. MilSpouse Money Mission™ was created to educate and empower military spouses to elevate their families by making smart money moves.

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