Estimating the Costs of the Army College Fund
Interim technical rept. Jul 1980-Jul 1986
ARMY RESEARCH INST FOR THE BEHAVIORAL AND SOCIAL SCIENCES ALEXANDRIA VA
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This paper estimates the projected costs of the Army College Fund ACF program implemented on 1 July 1985. Estimates are based on analysis of program participants to date and on historical usage under the FY 1981-82 ACF program and the Vietnam-era GI Bill. The estimates indicate that future program costs are likely to be considerably below the present actuarial rates. The U.S. Army Research Institute conducts research on manpower, personnel, and training issues of significance and interest to the U.S. Army. One of the major incentives to Army Recruiting has been the educational benefit package available under the new Army College Fund ACF program. Determining accurate projected costs of the ACF program is very important for Army policymakers. The results of this report may be used by the Chief Actuary of the Department of Defense to make refinements to the educational benefits actuarial model. Incorporation of the results of this report would considerably lower the costs of Army educational benefits.
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