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Article: Student veterans hurt by GI Bill's shrinking buying power
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- May 20, 2007
- Author:
CopyrightCopyright 2007 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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FAIRFAX, Va. -- Marc Edgerly and his father, Carl, both joined
the Army as young men, served during wartime and eventually decided
that college, not a full-time military career, was what they wanted.
But the cost they shouldered for that education is dramatically
different.
The GI Bill covered all of Carl Edgerly's college expenses in the
mid-1970s. His son, however, expects that even with the maximum
$1,075 in monthly GI Bill benefits, he will be saddled with $50,000
in student loans when he graduates from George Mason University.
"The total amount of the GI Bill comes nowhere close to what I
actually need for college," said Marc Edgerly, 26, who is in his
second year at the suburban ...