Should you be able to cash out your G.I. Bill?

2017-06-21T16:11:02-04:00

Response by SSG Derrick L. Lewis MBA, C-HRM made Jun 21 at 2017 4:13 PM

2017-06-21T16:13:57-04:00

Great question RallyPoint Team . I would say yes, only because you invested the first $100 monthly within the first 12 months of your career into it.

Response by SSG Pete Fleming made Jun 21 at 2017 5:45 PM

2017-06-21T17:45:27-04:00

At least a percentage.

Response by SPC Johnney Abbott made Jun 21 at 2017 7:02 PM

2017-06-21T19:02:59-04:00

I think you should be able to at least get your initial pay back.

Response by Sgt Private RallyPoint Member made Jun 21 at 2017 7:04 PM

2017-06-21T19:04:50-04:00

No. An incentive to continue your education.

Response by SSG(P) Private RallyPoint Member made Jun 22 at 2017 10:11 AM

2017-06-22T10:11:59-04:00

It definitely would be nice !! But at the same time it is there to secure your education and provide you with a degree or certificate after your ETS.

Response by SGT Private RallyPoint Member made Jun 22 at 2017 10:27 AM

2017-06-22T10:27:57-04:00

If you have already used your G.I. Bill and completed the degree then I don't see any issue with cashing out. However, if you haven't even taken advantage of the benefit and gone back to school then you should not be able to be lazy and cash out.

Response by CAPT Kevin B. made Jun 22 at 2017 11:54 AM

2017-06-22T11:54:37-04:00

What's missing is the sage advice of Deep Throat. "Follow the money." The provision of a variable benefit opportunity is calculated like insurance. Some will use none, some will use it all, and everyone else falls in between. Setting aside the Pols "I support the MIL" BS, the compensation system is designed and tweaked regularly to obtain and keep for a while a certain body count with certain skills, etc. So if you want cash on the end, then expect the potential benefit to be far less. At any given point, there is a fixed amount of money available to dole out. Like medical insurance, you pay into it so it's there if you need it. In this case, education is there if you want it. The cost of education growth rate exceeds that of inflation. Rest assured, the powers will do everything they can to keep a fixed cap on the benefit as they do now lest it become an uncontrolled entitlement.

Response by SPC Eddie Glassford made Jun 22 at 2017 2:28 PM

2017-06-22T14:28:57-04:00

I'd say that it should depend on your financial situation. Let the homeless vets cash out if it'll help them get on their feet, or the ones that get laid off yet still have bills to pay.

Response by A1C Mathew Wood made Jun 22 at 2017 3:23 PM

2017-06-22T15:23:20-04:00

You should be able to cash it out on a continued education.

Response by SGT Thomas Hudson made Jun 23 at 2017 3:27 AM

2017-06-23T03:27:31-04:00

NO....

Response by SFC William Stephens A. Jr., 3 MSM, JSCM made Jun 23 at 2017 12:44 PM

2017-06-23T12:44:00-04:00

When I tried to pass it on to my daughter no one explained to me that there was a time limited on it ,now I lost out on everything and my daughter gets nothings from my GI BILL> maybe they need to explain that during TAP or ACAP class because the losers in my class didn't do that for us. Sorry if you work for one of these agencies but that just how I feel about that.

Response by SGT Joseph Gunderson made Jun 23 at 2017 1:01 PM

2017-06-23T13:01:50-04:00

I think that if for some reason you do not use it during the allotted time period, then there should be a way to cash out a certain percentage of it. Say 25-50%. Some people do just fine without ever going to school, but they could probably use that money for something else. A fund for their children, maybe just put it into a savings acct for retirement, whatever.

Response by SFC Joe S. Davis Jr., MSM, DSL made Aug 5 at 2021 10:32 PM

2021-08-05T22:32:39-04:00

Thanks for sharing