G.I. Bill Changes - Will You Be Affected?
If you’re an active military member or veteran, you’re no doubt familiar with the G.I. Bill, an act which allows servicemen and women to access federally-funded tuition to help cover the cost of college. While more than 300,000 students currently receive tuition assistance through the G.I. Bill, there’s been talk lately of a possible reduction in the amount which the government would provide. While no decision has been made yet, the Defense Department is said to be considering changes that would make students responsible for up to 25 percent of tuition costs.
What does this mean for active military personnel? Firstly, it means they will have to start thinking differently when it comes to the cost of their education. Even 25 percent of tuition costs can be a drastic financial adjustment for those who are used to paying nothing.
Secondly, this potential change means that active military members will have to start considering earning college credit through untraditional means. Of the methods available, one that will certainly help reduce the financial burden brought on by adjustments to tuition assistance is the DSST college credit by exam program. With DSST tests, active military members can earn three college credits for just $80. When you consider the fact that the national average cost for three college credits is $750, you can imagine just how helpful earning college credit by exam through DSST can be.
Cuts to valuable tuition assistance is certainly unfortunate, but luckily programs like DSST still allow military members the opportunity to earn a college degree both quickly and cheaply.
Do you receive federally-funded tuition assistance? How might these potential changes affect your ability to pay for college?