Comments on: Why Is My Army College Fund Payment Less Than I Expected? http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html Answers to all your GI Bill questions Tue, 07 Feb 2012 16:10:22 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Ron Kness http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-119637 Ron Kness Thu, 06 Oct 2011 11:53:02 +0000 http://www.gibill.com/blog/?p=3461#comment-119637 Yes Brett, that whole Army College Fund thing was not properly presented. Yes Brett, that whole Army College Fund thing was not properly presented.

]]> By: Brett Caldwell http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-119401 Brett Caldwell Wed, 05 Oct 2011 16:11:51 +0000 http://www.gibill.com/blog/?p=3461#comment-119401 So in effect, the governemnt admitted that they "blatently misled" enlisting soldiers (since at no point during the couciling sessions did they state that the $40,000 included the GI Bill) but they didn't actually notify any of the soldiers/vets that there was a way of seeking compensation. It's nice to find out about this two years after the fact. Like many others, I passed up a larger initial bonus based upon the myth of receiving the GI Bill IN ADDITION TO the $40k ACF. Perhaps we need to get a US Rep to get the wording in again. So in effect, the governemnt admitted that they “blatently misled” enlisting soldiers (since at no point during the couciling sessions did they state that the $40,000 included the GI Bill) but they didn’t actually notify any of the soldiers/vets that there was a way of seeking compensation. It’s nice to find out about this two years after the fact.

Like many others, I passed up a larger initial bonus based upon the myth of receiving the GI Bill IN ADDITION TO the $40k ACF. Perhaps we need to get a US Rep to get the wording in again.

]]> By: Ron Kness http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-92029 Ron Kness Mon, 06 Jun 2011 13:01:53 +0000 http://www.gibill.com/blog/?p=3461#comment-92029 Thanks for the info Aby. As you explained it is how I have interpreted it also. Thanks for the info Aby. As you explained it is how I have interpreted it also.

]]> By: Aby http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-88685 Aby Sat, 21 May 2011 18:33:09 +0000 http://www.gibill.com/blog/?p=3461#comment-88685 Guys I recruited for 12 yrs and if u changed from the gi bill to the post 911 then u can't get the gi bill with the acf, subtract the gi bill from the total amount then divide by 36 months and that should be the acf that u would get on top of the post 911 benefits as a full-time student. Until july of this yr it would be paid lum sum, starting in august it will be paid monthly. Hope this can clarify, take care. Guys I recruited for 12 yrs and if u changed from the gi bill to the post 911 then u can’t get the gi bill with the acf, subtract the gi bill from the total amount then divide by 36 months and that should be the acf that u would get on top of the post 911 benefits as a full-time student. Until july of this yr it would be paid lum sum, starting in august it will be paid monthly. Hope this can clarify, take care.

]]> By: Ron Kness http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-45581 Ron Kness Mon, 18 Oct 2010 17:03:29 +0000 http://www.gibill.com/blog/?p=3461#comment-45581 Actually it is fairly easy. If you have 36 months of MGIB, you multiply the number of months times monthly amount at the time you signed up for the MGIB and subtract that from your total ACF/GI Bill combined amount. In most cases, the ACF ends up being around $20,000 to $25,000 with the rest being the GI Bill amount. Ron Actually it is fairly easy. If you have 36 months of MGIB, you multiply the number of months times monthly amount at the time you signed up for the MGIB and subtract that from your total ACF/GI Bill combined amount. In most cases, the ACF ends up being around $20,000 to $25,000 with the rest being the GI Bill amount.

Ron

]]> By: Christopher http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-43953 Christopher Sat, 16 Oct 2010 15:55:22 +0000 http://www.gibill.com/blog/?p=3461#comment-43953 Yes, I am going through the same situation. from what I have read the ACF and the GI bill are supplemental, or you add the the GI bill and the ACF. How the hell do they come up with an equation where you subtract the ACF from the GI bill or vice versa to calculate educational benefits, there should be a plus sign not a minus sign people. Im still new to this whole thing but I am going to call and see what cant be done. Its good to know that there are other people who are in the same foxhole. Yes, I am going through the same situation. from what I have read the ACF and the GI bill are supplemental, or you add the the GI bill and the ACF. How the hell do they come up with an equation where you subtract the ACF from the GI bill or vice versa to calculate educational benefits, there should be a plus sign not a minus sign people. Im still new to this whole thing but I am going to call and see what cant be done. Its good to know that there are other people who are in the same foxhole.

]]> By: Ron Kness http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-43313 Ron Kness Sat, 16 Oct 2010 00:38:39 +0000 http://www.gibill.com/blog/?p=3461#comment-43313 The $40,000 figure is a combined figure for the GI Bill and Army College Fund, so you have to deduct the GI Bill portion out and what is left is your actual ACF. Ron The $40,000 figure is a combined figure for the GI Bill and Army College Fund, so you have to deduct the GI Bill portion out and what is left is your actual ACF.

Ron

]]> By: Jon http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-42901 Jon Thu, 14 Oct 2010 22:35:21 +0000 http://www.gibill.com/blog/?p=3461#comment-42901 I just got off the phone with VA education. I am having the same issue. I was finally told that i will be receiving 2394.00 for the semester. this times 8 is less than 20,000. i was supposed to have received 40,000. what gives? even after taking 28% for taxes it doesn't add up. i know this doesn't help but i just wanted to vent. does anyone else feel a little sore from taking it up......! i will call again to try and get a clear understanding of their calculations. I just got off the phone with VA education. I am having the same issue. I was finally told that i will be receiving 2394.00 for the semester. this times 8 is less than 20,000. i was supposed to have received 40,000. what gives? even after taking 28% for taxes it doesn’t add up. i know this doesn’t help but i just wanted to vent. does anyone else feel a little sore from taking it up……!
i will call again to try and get a clear understanding of their calculations.

]]> By: Mike http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-20279 Mike Wed, 30 Jun 2010 19:21:52 +0000 http://www.gibill.com/blog/?p=3461#comment-20279 I have been trying to figure this out as well. I also have the $40,000 ACF and after two semesters in school i was expecting a few thousand but i only received a little over $1,100. I have been trying to figure this out as well. I also have the $40,000 ACF and after two semesters in school i was expecting a few thousand but i only received a little over $1,100.

]]> By: David http://www.gibill.com/blog/why-is-my-army-college-fund-payment-less-than-i-expected.html/comment-page-1#comment-2915 David Wed, 17 Mar 2010 18:51:43 +0000 http://www.gibill.com/blog/?p=3461#comment-2915 I spoke with someone from VA for the about the same reasons. One response I received from them was that the DOD will calculate the amount of the GI Bill at the time of enlistment, which in my case was Year 2000. It was $552 then. Multiply that by 36 gives you total GI Bill...$19872. Subtract that from $40,000ACF...$20128 is the total amount of kicker...divided by 36 months....$559.11 should be monthly payment Even doing this calculation my actual payment is far less than this amount. Now there are also other things figured into it like inflation, cost of living, etc that has raised the GI Bill, so you would think that it would be more not less, right? I was also told similar things by VA...I have no good answer why. Phone number for DOD education incentives is 1-800-872-8272. They are the ones who make the calculations. There is obviously something else figured into it but I couldn't tell you what. By the way I get the chapter 30 benefits, which is the regular MGIB and the kicker is added into each monthly payment. I spoke with someone from VA for the about the same reasons. One response I received from them was that the DOD will calculate the amount of the GI Bill at the time of enlistment, which in my case was Year 2000. It was $552 then. Multiply that by 36 gives you total GI Bill…$19872. Subtract that from $40,000ACF…$20128 is the total amount of kicker…divided by 36 months….$559.11 should be monthly payment Even doing this calculation my actual payment is far less than this amount. Now there are also other things figured into it like inflation, cost of living, etc that has raised the GI Bill, so you would think that it would be more not less, right? I was also told similar things by VA…I have no good answer why. Phone number for DOD education incentives is 1-800-872-8272. They are the ones who make the calculations. There is obviously something else figured into it but I couldn’t tell you what. By the way I get the chapter 30 benefits, which is the regular MGIB and the kicker is added into each monthly payment.

]]>