Funds for GI Bill slashed last year leaves vets saddled with debt

In 2008, Congress passed an expanded version of the GI Bill for vets serving after 9/11, which covered the full cost of public education. Students at private universities got funding equivalent to the maximum in-state tuition. In New York, student vets received $1,010 per credit and take an average of 30 credits a year.

Last year, lawmakers altered the bill to include a $17,500 annual cap on tuition and fees.

Columbia junior Jose Robledo, 30, who served nine years as an infantryman, said transferring is not an option because many of his credits don’t transfer. “I have to take out massive amounts of loans,” he said.