ALCON,
This information is being passed along from Mr. Andrew Webb from TraCen Cape May. This is one of those, "I didn't know that..." moments.
If you’re one of the many far-sighted people who took advantage of the Montgomery GI Bill’s Buy-up option, you need to know that at the moment there’s no legislation in the works which would let you use the extra money you contributed (or the Coast Guard’s 8-to-1 matching funds) if you decide to convert to the new GI Bill’s benefits. That is, the money you’ve contributed under Buy-up will be lost if you convert to the new GI Bill.
What does that mean to you? Only you can decide if you should continue making Buy-up contributions. But if you’re absolutely sure you’re going to elect to go with the new GI Bill when that option’s available (sometime this summer), you should probably stop making your Buy-up contributions.
You can still use your additional Buy-up money if you stay with the MGIB-AD. But if you want to use it and convert to the new GI Bill, I highly recommend you contact your senators and representative in Congress to let them know your feelings. (If you need help composing your letter/e-mail, feel free to contact me.)
-----------------------------------
LTJG Ryan R. Erickson
LANT/D5 Command Center, CDO
Education Service Officer
Phone(w):757.398.6390
Fax(w) :757.398.6392
LANT/D5 ESO Site:
http://esoinfo.blogspot.com 
