Money Monday

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first_imgThis post was published on the Military Families Learning Network Blog on April 22, 2013. Browse more military personal finance webinars and blog posts by experts.Follow Dr. O’Neill on Twitter! By Dr. Barbara O’NeillA service member is using Post-9/11 GI Bill benefits to pay for college. How much housing allowance will be received monthly?A military veteran who is enrolled in college full time can expect to receive a monthly housing allowance equal to an E5 with dependents for the ZIP code in which the college is located. In July 2011, the national average for this housing stipend was $1,350 per month, although it was as high as $2,700 in some locations. Service members should stay up-to-date on current program rules for the Post-9/11 GI Bill. This is still a relatively new program, and therefore some of the rules and regulations are still being tested and refined. According to, Congress is currently working on legislation that will pay the housing stipend only during the weeks school is actually in session. That means that if a veteran is attending a university on a semester system and the term ends May 10, he/she will receive a housing stipend only for the first 10 days of May. The stipend will begin again when classes start again. Veteran students will be responsible for covering their rent during the time between receiving GI Bill payments. If they are attending a 100% online school, starting Oct. 1, 2011, they will receive half the national average Basic Housing Allowance (BAH) for an E5 with dependents, or around $637.50 per month.For additional information and updates, refer to the website listed above or at more information on the GI Bill, make plans to attend our web conference, “Paying for Educational Expenses and the GI Bill” on May 23, 2013.last_img

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