Here I am trying to convince my kids to JOIN!
1. Good pay, where else can an 18 year old kid get nearly $3000 a month legally?
2. Professional training.
3. On-the-job training.
4. College paid for with Tuition Assistance while they are in.
5. $80,000 in GI Bill college assistance after their four years.
6. Free room and board.
7. World travel. Want to see London, Paris, Rome, Naples, Berlin, the Alps etc... Let Uncle Sam pay you and train you while you do it on the weekends!!!
My daughter wants to be a physical therapist. If she joins the military she will get the following:
Basic training
Tech School
(both of these count for some college credit)
On-the-job training
(counts for college credit)
Decent basic pay
An E4 with less than two years makes almost $2K a month.
If she volunteers to go overseas like Germany she will get COLA as well, about $700 a month.
She will be expected to take college courses while she is in. In college, courses take a semester. Our college courses through UMUC or CTC or somewhere like that only take 8-10 weeks for the same credit.
This will be paid for by Tuition Assistance. Very little if any money out of pocket for the student or the parents.
After four years, they get another $80K in GI Bill assistance.
While they are doing all of this, they are gaining professional experience in a career field.
Oh and the FREE MEDICAL AND DENTAL from Day 1... okay it's not 100% free but it's only a couple of dollars a month.
30 days of vacation per year
$400,000 life insurance
$100,000 death payment
(these sort of suck but are great if they happen to have a spouse or kids)
After four years, they SHOULD have:
Money in the bank
Professional Experience
About 80-100 hours of college credit (maybe more depending circumstances and dedication)
Possibly a technical certification
A great deal of life-experiences that they will NEVER gain in college
Oh and the whole time they will have a VERY experienced network of professionals backing them up and helping them with everything from finances to health care, family support, counseling, training, etc.
My kid was born in Belgium, had some problems, got a bill for about $80K. I took it to the Tri-Care office and never saw it again. Can't get dropped from the insurance provide either.
It's a no-brainer to me. I have no desire for my kids to go straight into college. Let them get education, experience, training, college, good pay, health benefits and continuing education benefits instead of only EDUCATION and DEBT. Of course if they want to go to college and work their butt off at Wal-Mart or Burger King, more power to them.
Later,
NGH