According to an article by Iraq and Afghanistan Veterans of America:
"Today, 1.5 million troops are returning from Iraq and Afghanistan to a very different future than the one FDR made possible for the Greatest Generation. The current educational benefits offered to veterans are far lower than the original GI Bill. Today, after paying a nonrefundable contribution from their first military paychecks, troops can receive a total of up to $39,600 towards their education. Unfortunately, this covers only 60-70% of the average cost of four years at a public college or university, or less than two years at a typical private college.
In addition, structural problems and bureaucratic delays discourage veterans from using their GI Bill benefits. National Guardsmen and Reservists, including those who have served multiple combat tours, typically receive only a fraction of their GI Bill benefits.
Moreover, 30% of troops who pay the nonrefundable $1,200 contribution do not end up using the GI Bill at all. These veterans have paid the government $230 million, but received nothing in return."
Read the entire article: http://www.iava.org/component/option,com_/Itemid,66/option,content/task,view/id,2492/