On Wed, 13 Feb 2008 12:00:43 -0500, "Eisboch" wrote:


"John H." wrote in message
.. .

On Wed, 13 Feb 2008 10:35:49 -0600, Vic Smith
wrote:


My understanding of current GI bill is that you have to contribute if
you want ed benefits. I seem to remember when they changed it
it was quite a downgrade from what I had. Of course pay was quite a
bit higher too, so the bite maybe wasn't as bad as it looked to me.

Yes, the contribution is $100 per month for the first 12 months. That was
instituted to get soldiers 'vested' and interested so they would actually
use the benefits. So they pay $1200 and in return get a little over
$39,600. Not a bad investment, if they use it.

I have a hazy memory of it working that way when I entered the service, so
it was in effect in 1968.
We signed some paperwork (with significant encouragement to do so)
authorizing the deduction from our pay when we entered boot camp.

That's the Montgomery GI Bill. Ours was, theoretically, a straight
benefit.