How much is the Army college Fund?
The ACF payment normally runs from $150 to $350 per month. The program that can’t be used with the Post 9/11 GI Bill, but can with the MGIB, is the Buy-Up program. Under that program, you paid in up to $600 and received up to $5,400 in education benefits on top of what you would get under the MGIB.
How much tuition assistance does the Army pay for?
The Army will fund 100% of the tuition for up to 16 hours of credit, not to exceed $250 per credit hour (for a total of up to $4,000 per fiscal year).
Does the Army college Fund expire?
The ACF will expire ten years, if used with MGIB or 15 years if used with Post 9/11 GI Bill, after the Service member’s last discharge or release from active duty. The ACF is an enlistment incentive.
Does the military pay for college debt?
Army: Active-duty Army members are eligible for up to $65,000 in student loan repayment assistance. You must agree to enlist for at least three years. After your first year of service, the Army will pay 33.33% of your outstanding principal student loan balance or $1,500, whichever is greater.
How much is the GI Bill worth?
The Montgomery GI Bill is an education benefit worth over $77K. This amount is based on the 2021-2022 monthly full-time student payment rate of $2,150.00 multiplied by the 36-month limit. This “payment rate” automatically increases on the first of October each year.
How long do you have to serve in the military to get free college?
The Montgomery GI Bill extends educational benefits to any active duty member of the military who served for at least 2 years of active duty. This also extends to veterans of any branch of the military. You receive up to $1,857 each month for educational expenses, as long as you’re enrolled full-time.
Will the Army pay for my PHD?
The GI Bill is designed to help active duty service members and veterans pay tuition and fees to obtain higher education. Students using the GI Bill are able to enroll in a variety of academic programs, including those at a doctorate level.
What happens if I don’t use my GI Bill?
If you don’t use up all your benefits under the Post-9/11 GI Bill you will not receive a refund of your original $1,200 Montgomery GI Bill contribution.
Who qualifies for the Forever GI Bill?
Currently, a veteran must be medically retired from the military or have 36 months of active-duty service to qualify. Approximately 1,500 Purple Heart recipients aren’t currently eligible for full education benefits.
How long does the army college fund last?
When the Montgomery GI Bill rate increased, this ate away at the actual benefit received via the Army College Fund. Army Human Resources Command now chooses to list the Army College Fund incentive as the amount received each month (for up to 36 months of usage).
What is the Army College Fund ( ACF )?
The Army College Fund (ACF) is an enlistment incentive option designed to aid in the recruitment of highly qualified Soldiers for critical or shortage Military Occupational Specialties (MOS). The ACF supplements the basic Montgomery GI Bill (MGIB) entitlement. Public Law 94-502: Established the FY79 Incentive Test Program.
How does the army college fund work with the post 9 / 11 GI Bill?
The Army College Fund is only paid under the MGIB, electing the Post 9/11 means giving up the ACF. A: The Army College Fund can be used in conjunction with either the Montgomery GI Bi ll or Post 9/11 GI Bill. It is generally paid out as an additional amount to your monthly Post 9/11 GI Bill housing allowance.
Who is eligible for the army college fund?
Scored 50 or higher on the Armed Forces Qualification Test (main score from the ASVAB) Enlist in an MOS eligible for the Army College Fund at the time of enlistment The last eligibility criteria is perhaps the most important. If the Army College Fund is not promised in writing on your enlistment contract, you will not receive the benefit.