- July 16, 2021
- Posted by: Stratford Team
- Category: Business
A bipartisan group of House lawmakers are again pushing to allow some recently separated service members to use their GI Bill benefits to start a new business instead of attending college classes.
The proposal, which has failed to gain legislative traction in recent years, would establish a three-year pilot program for up to 250 veterans to pursue “educational entrepreneurial training” and receive their education payouts in the form of start-up capital instead of the traditional tuition payments.
“Higher education is essential for many [veterans], but some have a different calling,” said Rep Ben Cline, R-Va. and a sponsor of the measure. “Veterans are seeking more options and want the choice to use their GI Bill benefit to start their own business.
“It’s common sense to offer veterans a choice in accessing resources, training, and support to pursue the American dream to start a small business, create jobs, and generate growth in our…