Education Planning - Guardfamily

Introduction to Personal Finance

An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.

EDUCATION PLANNING

6.	Montgomery GI Bill
	6.1	Planning for Your Child’s Education
		6.1.1	Personal Investing
		6.1.2	Prepaid Tuition Plans
		6.1.3	Loans
		6.1.4	College Options through Life Insurance
		6.1.5	Educational Tax Credits
	6.2	Learning Check

6. Montgomery GI Bill

The Montgomery GI Bill (MGIB) was enacted by Congress to attract high-quality

men and women into the Armed Forces. The program provides up to 36 months

of educational benefits to eligible persons enrolled in degree and certificate

programs, apprenticeship and on-the-job training, and correspondence courses

approved for veteran’s training.

The program is administered by the Department

An on-line MGIB

pamphlet provides more detailed information.

You may also visit the Montgomery

GI Bill web site for more information.

In-State College Tuition Assistance may be available

to qualifying National Guard personnel. To find

out more about College Tuition Assistance, contact

You may also be eligible for a scholarship. For

links relating to scholarships, click