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President Wants Financial Aid Transferability Provision in GI Bill

June 6, 2008

by Scholarships.com Staff

After threatening to veto a bill aimed at boosting financial aid to veterans who pursued a postsecondary education, the president is now expected to ask Congress for even more funding. The White House has indicated that should a new provision allowing troops to transfer their education benefits to families be added, President Bush would be more inclined to sign.

The surprising turn of events is not likely to go over well with conservative Democrats, suggested an Associate Press article. Though many supported the idea of awarding sufficient aid to cover a four-year degree at the most expensive state university, some party members are weary about increasing the current proposal by $25 billion.  Worried that the sufficient funding could not be raised by simply cutting back in other areas, they are not expected to concede. When combined with the bill's provisions to increase funding for the wars in Iraq and Afghanistan, the final request could near or exceed Bush’s initial call for a $108 billion cap.

Referred to as the 21st Century GI Bill of Rights, the veteran benefits portion of the bill also requests unemployment compensation, aid to farmers and highway construction funds, stated the ArmyTimes, all of which could make an agreement more difficult, even if Congress agrees to add Bush's provisions. The bill will next be reevaluated by the House where the new proposal and the Senate version of the bill will be considered.

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