Air Force

June 7, 2013

Tips on financing college education

Amaani Lyle
American Forces Press Service

WASHINGTON, D.C. -‚ĆDefense Department officials encourage parents and students to consider various strategies for financing college education, the director of the Pentagon’s office of family policy and children and youth said.

In a recent interview with American Forces Press Service and the Pentagon Channel, Barbara Thompson addressed solutions to some of the obstacles military children might face when trying to pursue a college education.

Thompson recommended researching scholarship and student aid opportunities early on, including use of the provision of the Post-9/11 GI Bill that allows service members to transfer their benefit to family members.

Resources such as the Military OneSource website and personal financial managers on installations, she added, offer information ideas on other resources, such as a tax-deferred savings account for higher learning colleges and vocational schools.

Military OneSource also features scholarship information links and listings, including law and policy updates that pertain to military members and their families, such as expanded in-state tuition availability. Service members on active duty for more than 30 days are eligible to receive in-state tuition for their dependent children at public colleges and universities in the state where they reside or are permanently stationed, she noted.

Once enrolled and paying in-state tuition, Thompson said, dependent children continue to pay the in-state tuition rate as long as they remain continuously enrolled at the institution, even if the service member is reassigned outside the state.

“That has been a very positive move across the federal government that all states have to offer in-state tuition for military children and spouses,” she said.

But no matter where the prospective student lives, Thompson explained, it’s important for parents to work with school guidance counselors to nurture their future college student’s interests and aspirations — and ultimately to choose the right educational path.

“You don’t want to go to a school and find out later on they don’t offer the degree you’re interested in,” Thompson said. “You have to do your research.”

The Consumer Financial Protection Bureau website offers a “Know Before You Owe” page to help untangle student loan procedures, regulations and facts to keep borrowers informed and arm them with information prior to making life-altering decisions, Thompson said.

“We want the best future for our children,” she added. “We recognize they’ve sacrificed a great deal over the lifespan of their parents serving the military, … and we want to make sure they’re ready for the world when they become an adult.”




All of this week's top headlines to your email every Friday.


 
 

 

New personal property allotment rule implemented to protect Airmen

Defense Secretary Chuck Hagel recently directed a policy change in paycheck allotments which will prohibit service members from allotting pay to buy, lease or rent personal property. The prohibition includes allotments for the purchase or finance of vehicles, such as automobiles, motorcycles and boats; appliances or household goods, such as washers, dryers and furniture; electronics...
 
 

AF realigns missions to enhance nuclear support

In response to a directive from the Secretary of the Air Force and Chief of Staff of the Air Force, the 377th Air Base Wing in Albuquerque, N.M., will report to Air Force Global Strike Command, and the Air Force Nuclear Weapons Center will reorganize, combining the AFNWC commander and Air Force Program Executive Officer...
 
 

Air Force looks at innovative acquisition processes

With new technologies rapidly coming to the forefront of the global stage, remaining the world’s greatest air force comes at an escalating cost, making responsible spending and cost-cutting initiatives high priorities for Air Force leadership. The Air Force Office of Acquisitions is partnering with industry to realize some of these initiatives and help propel the...
 

 
Air Force photograph by Rebecca Amber

Airman, screenwriter says follow your dreams

Air Force photograph by Rebecca Amber Capt. Eric Koenig, 412th Aerospace Medicine Squadron dentist, consults with a patient at the Edwards AFB Dental Office. This past Veterans Day, Capt. Eric Koenig, 412th Aerospace Medicine S...
 
 
PII

Tool to safeguard PII scheduled for December rollout AF wide

The Digital Signature Enforcement Tool is scheduled for Air Force-wide integration Dec. 5, providing Microsoft Outlook email users with an interactive, automated virtual assistant to help ensure the security of personally ident...
 
 
CFC

Edwards units raise CFC funds, awareness through tours

Every year the Air Force raises awareness and encourages participation in the Combined Federal Campaign, a program that that allows federal employees to give back to local and national charities. This year, two base organizatio...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>