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Nevermind, I found that answer on the OCS page for some reason.
I think the OP was asking if it was possible to double-dip: as in be a veteran collecting GI Bill bennies while also getting paid in BDCP. As for the Montgomery GI Bill, I think that thing is disappearing. Besides, who would want to pony up $1200/mo for the MGIB when the Post 9/11 doesn't require any cash to sign up?
Besides, who would want to pony up $1200/mo for the MGIB when the Post 9/11 doesn't require any cash to sign up?
If you don't put in more than your 4 years you can't transfer the benefits. And the Post 9/11 is basically free four years of college. So for me, I'd rather pay the $1200 and have the flexibility of what I want to use the GI Bill for. I can use the MGIB for random classes that I might find interesting at a vocational school or community college or use it to take flight lessons. Or, if I decide to give more time to the Navy, I can just transfer to the Post 9/11 and save it for my kids.
http://www.gibill.va.gov/post-911/post-911-gi-bill-summary/Post911_changes.html
This is what I meant when I said the MGIB was disappearing.
Effective October 1, 2011
Allows students to use the Post-9/11 GI Bill for -
Non-college degree (NCD) programs: Pays actual net cost for in-State tuition and fees at public NCD institutions. At private and foreign institutions, pays the actual net costs for in-state tuition and fees or $17,500, whichever is less. Also pays up to $83 per month for books and supplies.
On-the-job and apprenticeship training: Pays a monthly benefit amount prorated based on time in program and up to $83 per month for books and supplies.
Flight programs: Per academic year, pays the actual net costs for in-state tuition and fees assessed by the school or $10,000, whichever is less. This limit is applicable to flight programs at both IHLs and non-IHLs
Correspondence training: Per academic year, pays the actual net costs for in-state tuition and fees assessed by the school or $8,500, whichever is less
http://www.gibill.va.gov/post-911/post-911-gi-bill-summary/Post911_changes.html
This is what I meant when I said the MGIB was disappearing.
1200 bucks is non-refundable regardless if you choose post 9/11 or not.
It's not a "double dip" for benefits under US code unless both programs pay tuition (you can't pay for the same classes with 2 federal tuition funding methods-which is why STA-21 OCs can only use the GI Bill to cover courses not already covered by the tuition stipend). Since BDCP only pays the member and does not pay tuition, if the GI Bill in any form was previously earned it can be drawn on at the active duty rate.
Using your post-9/11 GI Bill may only net you a yearly stipend and an increase in BAH.