Post-9/11 GI Bill

DEFINITION of 'Post-9/11 GI Bill'

A United States law that provides benefits to military veterans who have taken part in active duty service after September 11, 2001. To be eligible for the Post-9/11 G.I. Bill, an applicant must have served for at least 90 days and still be on active duty, or been honorably discharged or discharged for a disability related to serving. It was passed into law in 2008.

BREAKING DOWN 'Post-9/11 GI Bill'

This legislation, along with the original G.I. Bill (1944) and Montgomery G.I. Bill (1984), represent a continued effort by the U.S. government to provide benefits to veterans returning from duty. The original G.I. Bill was created in response to the failure of the U.S. government to provide benefits to veterans of WWI, the lack of which resulted in protests during the Great Depression.

The Post-9/11 G.I. bill provides funding for training, as well as tuition assistance to veterans. The Bill provides up to three years of benefits and can be used by a veteran up to 15 years after qualifying. An update to the Bill, The Post-9/11 Veterans Education Assistance Improvements Act of 2010, expanded eligibility to members of the National Guard and Active Guard and Reserve.

RELATED TERMS
  1. G.I. Bill

    The informal name of a United States law that gives military ...
  2. Servicemen's Readjustment Act

    A United States law that provided benefits to military veterans. ...
  3. Veterans Administration

    Now a U.S. cabinet department that provides patient care, veterans' ...
  4. U.S. Department of Veterans Affairs

    The U.S. Department of Veterans Affairs, established in 1988, ...
  5. Service Certificates

    Bond-like certificates that promised payments at maturity date ...
  6. United States Government Life Insurance ...

    A life insurance program established in 1919 to provide term, ...
Related Articles
  1. Retirement

    How Veterans Can Pick the Right Financial Advisor

    Veterans who are looking for a financial advisor need to ask these questions.
  2. Personal Finance

    Leaving the Military? Best Next-Step Careers

    Vets bring skills and stamina to the job market. These fields offer good career opportunities for those moving out of the military.
  3. Financial Advisors

    Financial Planning Tips And Resources For Veterans

    Veterans or all kinds have special needs when it comes to financial planning. Here are some tips as well as a comprehensive list of online resources.
  4. Savings

    Have One Place For Bills

    Check out these 8 easy steps that can help you take the confusion out of your personal finances
  5. Personal Finance

    $500 Bill

    While we can choose from a rich array of singles, fins, sawbucks, Jacksons, $50s and Benjamins, there are several other denominations that the U.S. Treasury has discontinued. Here are the most ...
  6. Personal Finance

    $1,000 Bill

    There are several denominations that the U.S. Treasury has discontinued. Here are the most notable ones.
  7. Savings

    Open Bills and Pay Them the Same Day

    Check out these 8 easy steps that can help you take the confusion out of your personal finances
  8. Personal Finance

    Procrastinator's Guide To Bill Payment

    Avoid punishing late fees and keep your credit score intact with these 10 tips.
  9. Budgeting

    8 Steps To An Organized Financial Life

    Disorganization makes planning difficult, and that can cost you big time.
  10. Budgeting

    Careless Bill Paying Habits

    Your love is strong, but it won't keep your partner's finances from affecting your own.
RELATED FAQS
  1. Who uses bills of exchange?

    Find out who uses bills of exchange, why they are important in international trade and what happens when a bill is traded ... Read Answer >>
  2. Can I get both military and Social Security benefits?

    Learn how it's possible to receive both Social Security benefits and a military pension in retirement, and how retirement ... Read Answer >>
  3. What pension benefits are available to military personnel?

    The United States military provides its members many benefits, including what many regard as a rather generous pension system, ... Read Answer >>
  4. Why do commercial bills have higher yields than T-bills?

    The reason that commercial bills have higher yields than T-bills is due to the varying credit quality of each bill type. ... Read Answer >>
  5. What is the difference between a bill of exchange and a bill of lading?

    Understand what a bill of exchange and a bill of lading are and the different purposes they each serve as documents used ... Read Answer >>
  6. How do I know what Social Security benefits I am eligible for?

    Learn what tools to use to find out which Social Security benefit programs you are eligible for and the basic requirements ... Read Answer >>
Hot Definitions
  1. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  2. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  3. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center