1. What is included in the “fees”…is that tuition? What is defined as a term? As the A year of study Oxford University comes to a total of approximately $ 38,000 (Tuition is ~$19,300, college fees of ~$3,590, and 12 months accommodation and living expenses of approximately ~$15,000).
2. Approximately how much will the Post 9/11 GI Bill cover for these expenses? If I pursue a dual-degree program (e.g. MA/MBA, are the benefits the same as long as the length of study is under 36 months? Please let me know. I would appreciate any input as I’ve searched everywhere for detailed info but haven’t found specific answers. Thank you! – Navy Man
Navy Man, I can give you some insight into your questions. The amounts you have listed for Post 9/11 GI Bill tuition, housing allowance and fees are correct.
The “fees” amount does not include tuition. They are the mandatory type charges your school charges everyone taking the same course as you. They could include lab fees, health-care fees, student fee, activity fee, etc. As far as how a term is defined? It is whatever schedule your school is on as far as class length. Some schools use a quarter method, while others use semesters.
As you noted above, the Post 9/11 GI Bill pays up to $408.09 per credit. Since this GI Bill pays by the credits you take, the VA pays $408.09 per credit, so you could take a dual degree, provided the VA approves your dual-degree plan first.
For example, if you take 24 credits for the year at Cambridge/Oxford, your GI Bill would pay $9,794.16 in tuition. Your housing allowance would amount to $15,996, plus you would get the $1,000 in a book stipend. The VA would also pay the full fee amount of $3,590, because it is under the $10,502 cap.
So if your total school costs $38,000 for a year, the Post 9/11 GI Bill would pay approximately $26,790.16. You could go to Oxford for a year for a little over $11,000 out-of-pocket costs. That is a pretty sweet deal!