The GI Bill is an education plan for military service members. In its expanded form, the GI Bill is also known as the Montgomery Government Issued Bill. I provided a link that discusses the plan more in detail, which includes transferring unused education benefits to spouses. I used my entire GI Bill around 6 years ago. I wish I could have waited to use the GI Bill because it is worth far more than it was in the past. Then, I wouldn't have acquired student loan debts.
The new student loan revisions also benefits those students who will be applying for loans after 2014. Again, I missed out on that deal too. It seems I either miss opportunities due to time and for being unprepared. However, I can't look at missed opportunities as bad luck or bad timing. Sometimes poor decision making can translate into success. I would have to prepare another article to cover the benefits of making mistakes. Please read the article regarding the changes made on the new Gi Bill.