How much do you really get from the New GI bill a year?

Question

I'm trying to plan for quitting my job and going to school full time. I own a house and would like to keep it. I got out of the Marine Corps in Aug of 2002 and contributed the extra $600 before I got out. How much money will I actually see a year?

Answer 1

In a regular 4-year college, you must take at least 12 credits (full time) during normal semesters (spring & fall) to be paid the full amount. During the summer months, you have to take at least 9 credits.

During summer I semester, I took 2 classes (7 credits), I got the full amount for the month of June and July. But I am taking only 1 class (3 credits) in summer II, and I will be getting only half the money for this month (August).

In Illinois, the state also pays for all of my tuitions for up to 120 credits (only good for state schools). I think two other states that do so would be Texas and California (I am not sure on that one). Otherwise, you'll have to use the G.I. Bill to pay for the tuitions, fees, and books. So, don't quit your job just yet. Or you may have to work part-time to make extra money.  

Answer 2

           I got out of the Air Force in 2004 and finally going back to school. The new G.I. Bill is 1321 and since you have the kicker like myself your looking at 1471. So its pretty nice but heck my rent in this college town cost almost 700 dollars so their going to be stealing most of my money.