Posted on Aug 22, 2015
LTC Jason Strickland
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Most all of the members on RallyPoint have used or will use some portion of the GI Bill. While originally intended as an educational benefit, some entrepreneurs want to use the funds for small-business grants.
Iraq and Afghanistan Veterans of America (IAVA) and American Legion support the concept to use the money for other than educational purposes, while Student Veterans of America (SVA) and Veterans of Foreign Wars (VFW) oppose the idea.
What are your thoughts, RallyPoint members?

http://www.militarytimes.com/story/veterans/careers/civilian/small-business/2015/08/20/gi-bill-buisiness-grants/32045335/
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Responses: 4
CPT Jack Durish
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It doesn't take a college degree to be successful in life but venture capital can be a significant stepping stone to success. Sadly the sources of venture capital are drying up as the government competes with entrepreneurs for credit. Also, if politicians are really serious about creating jobs, there is no better way than helping entrepreneurs start new businesses. 
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HN Israel Soto Alicea
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The GI BILL should definitely be used as a form of business grants because it will give the veteran a higher chance of transitioning and being economically empower. it will allow the veteran entrepreneur the chance to produce cash flow while solving social aims geared to the veteran population. There are tons of schools ineffectively supporting veterans on campus, therefore leading to so many veterans to withdraw college within the first year. A veteran has a better chance succeeding financially in running a business than spending 4 years achiving a degree. Entrepreneurship Education should be treated the same as formal education when it comes to the GI BILL.
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CPT Military Police
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It says that it is going to be on a limited basis of 250 veterans for 3 years. Three years isn't enough time to show whether this is a good idea or not, we won't know the success or failure of the veteran's start up businesses for 10 years. Some will fail early, some will give up, some will be immediate success and some will take longer to develop a profit margin. It's risky in the sense that you can take an education with you anywhere, no one can ever take away, divide or otherwise remove the potential of your education (with the exception of yourself), your education you can also create a business. Businesses on the other had have more risk associated with them associated with factors in the market, economy, population, .... Personally I would use it toward my education but hey let's not forget about Ted Turner, Ralph Lauren, Mark Zuckerberg, Michael Dell, Larry Ellison, Bill Gates and Steve Jobs, they all became billionaires without college degrees.
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HN Israel Soto Alicea
HN Israel Soto Alicea
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i feel it's very unfair for a veteran to have to spend $40,000 on a business degree when he could take that money,find a good mentor that speaks his lingo, and go right into generating his products for profit. it's beat 4 years of no cash flow. Entrepreneurship isn't something that can be taught in college. it doesn't become authentic anymore.
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