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House of Representatives, White House Agree on College GI Bill

Jun 19, 2008

by Scholarships.com Staff

The House of Representatives plans to vote today on the latest version of the GI Bill, a law aimed at increasing the college financial aid awarded to veterans of the Iraq and Afghanistan wars. The Associated Press stated that Congress and the White House have reached an agreement on the bill's provisions, and that approval by the House and the President is expected.

Initially, the members of the House expressed disapproval of a major provision that would pay for not only veteran needs, but also for the war in Iraq. Rather than pass both portions of the bill as was done by the Senate--based on its version--the House ignored the Iraq allocation and agreed to set money aside for veterans pursuing a college education.

When the bill came back to the House for revision, a new agreement was settled upon, and approval of Bush’s request for an additional $162 billion to pay for the wars is expected. As before, the House has agreed to offer veterans who participated in the war for at least three years enough money to cover the costs of tuition at the most expensive college or university in their state, with additional funds to cover living expenses. The value of maximum benefits will more than double the current contribution for each veteran's college education, reported the Associated Press.

Though most agree that some additional funding should be awarded to keep up with the increasing costs of a college education, ones that are rising at rates that outpace inflation, some worry that too much was being allocated for the cause. Conservative Democrats have expressed concern that the bill could not be covered by cutting funding to other sectors, and that the bill was irresponsible considering the nation’s financial circumstances.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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