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Reply to "Can someone explain the wealthy military officer phenomenon?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s not that they’re so wealthy. They’re more along the lines of lower end of UMC. They avoided a lot of debt due to military benefits. They’re not flying business class and sending kids to private school. [/quote] Yes they are. There are military schools that give scholarships to military children. Then they also get college free.[/quote] Where are all these military children getting free college? IF the parent has GI Bill benefits available and IF they transfer these to their child, they could have the benefit. But that assumes a few things. One, that they did not use the benefit themselves first. Two, that they want to incur the additional 6 year service obligation the transfer requires. Lastly, the benefit is capped and would really only cover a 4 year school for one child. If military kids are widely getting college for free in other ways, please enlighten me. I’d love to know for the future! [/quote] The benefit is capped, can be split and gets any kid using it instate tuition https://www.va.gov/resources/in-state-tuition-rates-under-the-veterans-choice-act/[/quote] Okay, so it can be split. How does that change the fact that it is capped and wouldn’t get more than one child though a 4 year school? Sure, if everything lines up and the parent wants to invite the additional service obligation ONE kid could get their degree fully paid. But it’s certainly not as simple as proclaiming that “military children get free college.” That’s not true anywhere near universally. [/quote] +1. Totally agree. The PP makes it sound like military children just walk up to registrar’s office and get their free college easy breezy. That’s not the way it works. [/quote] I mean, I was excited to hear about this mythical benefit I didn’t know existed. 🤣[/quote] It literally does, though. DH transferred his GI Bill to our oldest, who chose a service academy, so he transferred it again to our youngest, who's going for free. You're not making your case like you think you are.[/quote] If you’re military you should realize what a stupid and clueless post it was to say “Yes they are. There are military schools that give scholarships to military children. Then they also get college free.” That just isn’t accurate. Yes, the GI bill can help pay for college for one child, or split among children for the equivalent of one college education, but they indicate ALL military kids are getting scholarships at private schools and free college tuition. That’s a very incorrect assertion. I’ve got four kids and we’ve yet to use the post-911 GI bill because other scholarships offered to our child made the cost less. The GI bill comes with a lot of caveats - it’s not as if your child can go to any college and be fully covered. For example it was more expensive to use the GI Bill at MIT than to take financial aid from FAFSA. It covered, or will cover, your children’s college because one chose a service academy and you only had two kids. Surely you can realize that not everyone fits into that circumstance? [/quote]
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