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Posted: 6/20/2001 12:45:20 AM EDT
Got this off of Foxnews.com Thought I'd share it with the other vets on AR15. this has got to be the best investment I ever made!!! WASHINGTON — The House unanimously endorsed on Tuesday one of the biggest increases ever for a program that has helped millions of veterans get college educations since the end of World War II. Some lawmakers said the boost, to cost $9 billion over 10 years, still was too small to keep pace with rising higher education costs. Under the legislation, passed 416-0, education and training benefits available to a veteran with three years' service would increase over the next three years from the current $650 a month to $1,100. The bill still needs Senate consideration. For veterans with two years of service or reservists who have served four years, the maximum benefit would go up from $528 to $894 over three years. Rep. Chris Smith, R-N.J., chairman of the House Veterans' Affairs Committee, said that the education benefit, when fully phased in, would rise from today's $23,400 to $39,600, an amount he said would cover the costs for a commuter student at a four-year public college.
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