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Monday, May 14, 2007
Veterans Struggle With college Costs
The GI Bill's buying power is shrinking. An example of this is a man and his son. The father had all his college expenses covered in the mid l970's. His son, though, expects that even with the maximum o $1705 in Monthly GI Bill benefits, he will be saddled with $50,000 in student loans when he graduates. The federal program that once covered nearly the entire cost of a veteran's college expenses continues to fall further behind due to the soaring prices of higher education. The maximum amount a currently enrolled veteran, who served on active duty, can qualify for during a college career is roughly $38,700. For many students that is not nearly enough to pay tuition, room, board and books. The GI Bill also only covers four years so if the veteran goes on, he is on his own. Congress has increased it several times but not nearly enough to keep up with the costs of a college education. Guard members and reservists currently receive a much lower educational benefit. This doesn't seem fair,does it, for those men who are fighting to keep us safe.
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