What happens to money if husband doesn't use all of his GI Bill??

gugliamo00

"Use it, or lose it."

I got my Masters right out of the service in four quarters. I had some left so I got my Doctorate too a few years later... in another five quarters. I still had a little left, but not enough for another degree, so I lost a few bucks. But heck, I retired. Bought my hone on a VA loan... it's paid for. I have a pension. I can go just about anywhere in the world I want for free. I have access to VA and military medical and dental. So I figure I made out ok.

laughter_every_day

There is a time limit but he is not limited to one school. a friend recently retired from the service and he already has a masters degree, so he is using the GI bill to go to cooking school. You can use it for photography class at the local community college or anything else that suits. If it doesn't get used then it remains available to the government. You can't get cash instead.

Mac

Once he starts using the GI bill, he actually has 10 years to use it. If he is finished with school, but doesn't use the total amount, he still has plenty of time if he needs to go back and take additional classes for his career. You are right, in the fact it pays for 36 months, but he doesn't have to use them consecutively.

forgivebutdonotforget911

He has TEN YEARS after his separation to use his GI Bill. If after TEN YEARS he has not used it, he loses it. The best bet would be for him to use it as much as possible as that is what it is for, not as a means of saving money and getting it back later.

NewPraize.com

He has 10 years to use that money and its a use it or lose it situation so if I was him, I would definitely use it!

JUSTME

He has to use it within a certain time frame or it is lost. It goes back into the fund for others to use.

DOOM

He's got ten years to use it all. Anything he doesn't use goes into the great beyond.

Big Dave

You lose the rest, but your husband is eligible for this money up to 10 years after seperation, so there is no rush.

bill

I wish it were so but , alas,no .Balance stays with gov't.

The Scorpion

You can only get it for yourself and while you're in school. If you don't use it, it just goes back to the treasury.

sci

10 years to use it then forfiet the remainder, no other options for Chapter 30 Montgomery GI Bill.

I loose the rest of mine in 2010. I only needed 24 months so Bye Bye to the rest.

I believe this is crap since I put my money into the program!

Ret. USAF SNCO

Sal Salin

Take as many courses as you can! use it all up! you've earned it!

Gumby

Us it or lose it is as simple of explanation I can give.

Master Yoda

Whatever isn't used by the time it's supposed to is lost. They will send you a letter stating your deadline is approaching.

hilton_b_2000

Cheney gets his kickback check

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