How much can a Veteran receive under this GI Bill program?
Each GI Bill comes with up to 36 months of benefits that the Veteran can use as a full-time student.  Veterans who are eligible for more than one GI Bill program can never receive more than a total of 48 months of benefits as a full-time student.  In other words, any GI Bill benefits that the Service Member has used in the past will effect what they can receive under the Ch 33 GI Bill program.
 
What does this GI Bill cover?
·         Tuition & Fees:  What is paid out is based on your tier rate and is paid directly to the school. 
o   For public schools, it pays all in-state tuition and fees if you are at the 100% tier rate.  If you are not at the 100% tier rate, take the tuition & fees charged to in-state students, deduct any Federal-based aid or assistance (excluding loans & Title IV funds) that is provided directly to the institution & specifically designed strictly for tuition & fees and multiply the remainder by your tier rate to determine what is paid; the Yellow Ribbon Program can be used to pay additional fees for out-of-state students who are at the 100% tier rate.
o   For private & foreign schools, the cap for tuition and fees is $19,198.31/year.  To determine what is paid, take the tuition and fees charged, deduct any Federal-based aid or assistance (excluding loans & Title IV funds) that is provided directly to the institution & specifically designed strictly for tuition & fees and multiply it by your tier rate; the VA will pay either the total or $19,198.31; whichever is lesser.
·         Monthly Housing Allowance:  ONLY DEPENDENTS WITH TRANSFERRED BENEFITS ARE ELIGIBLE WHILE THE SERVICE MEMBER IS ON ACTIVE DUTY ORDERS.  What is paid out is based on your tier rate and is paid directly to you.  The student must be enrolled in school more than ½ time to qualify for the housing allowance.  This is prorated by your rate of pursuit (rounded to the nearest multiple of 10; 50%-100%).    
o   To determine what is paid, take the BAH rate(rate for the school year) for an E-5 with dependents for the zip code of the school, multiply it by your tier rate and then multiply it by your rate of pursuit(rounded to the nearest multiple of 10; 50%-100%).
o    For solely distance learning, take 1/2 of the National BAH rate for an E-5 with dependents ($714.50), multiply it by your tier rate and then multiply it by your rate of pursuit(rounded to the nearest multiple of 10; 50%-100%).
·         Book & Supply Stipend:  What is paid out is based on your tier rate and is paid directly to you.  The student must be enrolled in school more than ½ time to qualify for the book & supply stipend. 
o   To determine what is paid take $41.67, multiply it by your tier rate and then multiply it by the number of semester hours you are taking.  Please note that the student can never receive more than $1,000/yr.
·         GI Bill Kickers:  ONLY when you have relinquished a chapter of the Montgomery GI Bill (Chapter 30 or 1606) when they applied for the Post 9/11 GI Bill. Service Members who have an active (not suspended or terminated) GI Bill Kicker can use this incentive with their Ch 33 benefits.  Service Members must submit a copy of their Kicker contract when they apply for their GI Bill benefits.  The GI Bill Kicker will be paid out monthly.  The rate will be based on the Kicker contract and the student’s rate of pursuit.
·         Licensing & Certification Tests:  Students are not charged an entire month of benefit until they cumulate $1,648 in testing charges.
·         National Exam Reimbursement (e.g. SAT, ACT, GMAT, LSAT):  Students are charged one month of benefit per test no matter how cheap the test may be.