I would advise against using any of your GI Bill while on active duty. The moment you tap into your GI Bill you will become ineligible for the Yellow Ribbon scholarship. Even if you don't intend to go higher than the Masters you are working on, it would be better to transfer the whole thing to a dependent who could use the Yellow Ribbon Scholarship. The Yellow Ribbon Program can be worth up to an additional $24k of tuition and fees.
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