Tom Philpott, who I have quoted many times, writes a great summary of the changes to the Post 9/11 GI bill in his blog. People like me, who are already benefiting from the transferability provision, saw a reduction in our stipend in December as the end of the first semester resulted in an immediate stop. We normally collect about $1,900/mo for living expenses. This was reduced to just over $1,000 for the month.
The reality, of course, is that our expenses were fixed for us. My son's rent must be paid whether school is in session or not.
That said, we are still very thankful to the people of the United States who support military veterans with this very generous benefit.
For all the details on the many changes to the Post 9/11 GI Bill, go to the VA website.