There seems to be an annual mass exodus of officers in the spring… it’s the end of their year group’s post-college contracts, and they’re in a huge hurry to get out. And even though I’m one of them, I’d actually recommend that you not join the herd.
Ever heard of the Post-9/11 GI Bill? As of August 1, 2011, the Post-9/11 GI Bill will cover up to 100% of public school in-state tuition and fees, up to $17,500 annually for private schools, and a basic housing allowance stipend at the E-5 with dependent rate.
If you’re a service academy grad, you don’t qualify for these benefits unless you serve beyond your initial obligation. And I understand you may not want to spend an extra three years in the military to earn 100% of those benefits to pay for grad school. But did you know you can stay in just a few extra months and earn up to 40%? Yup, delaying your REFRAD for at least 90 days past your initial commitment will yield 40% of those benefits. That means big $$$ if you’re planning to pursue higher education after your transition.
So do your homework, and read up. If you’ve already put in your REFRAD paperwork, it’s (usually) never too late to pull it back and extend it. It could be beneficial to your future and your family.