It seems the GI Bill is not what it used to be:
The GI Bill covered all of Carl Edgerly’s college expenses in the mid-1970s. His son, however, expects that even with the maximum $1,075 in monthly GI Bill benefits, he will be saddled with $50,000 in student loans when he graduates from George Mason University.
Despite several attempts by Congress to boost benefits in past decades, the gap has grown so large that many veterans are forced to take out sizable student loans.
The maximum GI Bill amount a currently enrolled veteran who served on active duty can qualify for during a college career is roughly $38,700. But for many students, that is not nearly enough to pay for tuition, room, board and books. And the GI Bill covers only four years of school, leaving veterans on their own if they take longer to graduate.
The average cost of one year’s tuition, room and board at four-year public institutions in 2006-07 was $12,796, according to the College Board. For private schools, the one-year cost was $30,367. Tuition and fees at all schools have risen 35 percent in the past five years, while the highest GI Bill monthly payout has increased only 20 percent since 2002.
I suspect DoD’s been dumping so much money into salaries and retention bonuses for active personnel, that this program’s slipped off the pay & benefits Powerpoint.