Last summer, a new GI Bill designed for post-9/11 veterans and service members was passed that will take effect on August 1, 2009. This new program helps out those who served on active duty for 90 or more days since September 10, 2001.

The Post-9/11 GI Bill is a smart and low-cost way for high school seniors who want to serve in the military and also get a college education or vocational training. Basically, if you do a three year hitch in any of the five branches of service, you will get full tuition at any state college including $1,000 for living expenses and $1,000 for books and materials. It’s not a bad deal to consider especially when when the average college kid comes  out of school with $22,000 in student loans.