What's New on the GI Bill Yellow Ribbon Program
The Department of Veterans Affairs (VA) has issued a 13-page document addressing "frequently asked questions" about the Yellow Ribbon program. Also, the Department of Defense has indicated it will give the go-ahead for transfer of Post 9/11 GI Bill benefits to dependents.
Yellow Ribbon FAQ Document Published on May 7
The Department of Veterans Affairs (VA) has issued a 13-page document addressing questions about the Yellow Ribbon Program. The document provides clarification of issues such as the calculation of the "gap" amount subject to the Yellow Ribbon program, the determination of "first-come, first-served," and procedures for providing benefits based on student status or college/professional school. Click here to download the pdf.
Department of Defense Announces Plans to Authorize Transfer of Post 9/11 GI Bill Benefits
On April 28, the Department of Defense (DoD) released its proposed policy for permitting the transfer of Post 9/ll GI Bill benefits to dependents. The law authorizes DoD to allow such transfers if the eligible service member has served at least six years in the Armed Forces and agrees to serve at least another four years. Final regulations have not yet been published, but are expected soon. Although subject to change, the proposed policy offers an indication of the approach DoD plans to take. For additional information, see "DoD issues new GI Bill family transfer rules" (Air Force Times).
For more information, please contact:
Tim Powers