So it sounds like you currently have the Montgomery GI Bill John being you said you have the option to transfer to the Post 9/11 GI Bill. With either GI Bill, you could work toward a bachelor’s degree in mechanical engineering.
If your engineering degree is a five-year course (as many engineering programs are), then you might look at using your 36 months of the MGIB (which is enough time for four 9-month academic years) and then switch to the Post 9/11 GI Bill to get an additional 12 months, making five academic years of education. If your engineering program is only four years, you could use the extra year to work on a master’s degree. But, if you only plan on using just four years of your GI Bill, you might be better off switching to the Post 9/11 GI Bill right away to take advantage of the higher pay rate.
The MGIB pays a full-time student, having 3 years or more of service, $1,426 per month and the student has to pay tuition, fees and other education-related expenses. Under the Post 9/11 GI Bill, the VA pays your tuition/fees and you get the book stipend and a monthly housing stipend, which can be more than what the MGIB pays in itself, depending on the zip code of your school.
I don’t understand how that works still. I need it explained more in depth. From my understanding you can only use one of the two only.
Let me explain it this way. If you qualify for both the Montgomery and Post 9/11 GI Bill, and you choose to use the Post 9/11 GI Bill, you give up your rights to use the Montgomery GI Bill. You can only use one GI Bill at a time. However, if you qualify for both, you could use up all of your MGIB benefits, then transfer to the Post 9/11 GI Bill and get an additional 12 months of benefits. You are not using both GI Bill at the same time as you have expended your MGIB before switching.