From Website
The new program will include coverage of tuition and fees, an improved basic allowance for housing, a $1,000 stipend for books or the opportunity to transfer these benefits to a dependent. Also, service members will not have to pay into the Post 9/11 GI Bill, which was required to receive the Montgomery GI Bill. Individuals who paid the $1,200 for the MGIB are eligible for the Post 9/11 GI Bill and will receive their money back upon depletion of the 36 months of benefits.
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