GI Bill information links: 

http://www.afpc.af.mil/library/gibill/ 

http://www.benefits.va.gov/gibill/mgib_ad.asp 

http://www.benefits.va.gov/gibill/handouts_forms.asp

Ok I found all my previous research and what AF Recruiting Service posted up for us too...
http://www.military.com/education/gi-bill ... There are several types of training that can be taken using your Montgomery GI Bill benefits. These include college (undergraduate, graduate), certificate programs, on-the-job training, apprenticeship training flight training, and non-college degree courses. However the Post-9/11 GI Bill can only be used for programs taken at a college or university. the post 9/11 bill is the only one that is transferable to your family members to use! It is only available during "war time". It will not always be available, so best to get it now. Once you're signed up for it, you'll always have it.
Currently airman cannot sign up for both. They have to sign up for one or the other program and once they do they cannot change. Personally I say, Take the Post 9/11 GI Bill.  There is no need for them to take $100 out of their pay check each month.  Post 9/11 is transferable (Based on giving 10 or more years to the military - and transfer has to be made before getting out of the military) and they get more money in the long run.  Tuition, books, and a housing allowance.  You can justify it for multiple programs through  a university or college. Also with the 9/11 GI bill if the school participates in the Yellow Ribbon program, the student will get resident rates as a veteran (or child of a veteran) which means they do not have to meet the time requirements for residency. 
If you need more information check out http://www.benefits.va.gov/gibill/post911_gibill.asp
All Trainees are automatically signed up for the Post 9/11 GI Bill when they enter and it's free. If a Trainee wants the Montgomery GI Bill, they have to elect to get it and then pay $100 for 12 months to get it.
The difference is: The Post 9/11 GI Bill will pay the school directly their amount for tuition/class costs so the person doesn't worry about going in debt. There are other advantages to that as well, such as, after 10 years of service in the AF, you can elect to give it to your spouse or child, which will cover their college costs. Most Airman get their degree while in the AF since Tuition Assistance covers that, then give their GI Bill to their kids when they reach college level.
The MGIB will pay the Airman a certain amount (amount varies on the status if they are part time or full time student status), and then the Airman will pay the college their amount and any difference. You have to contribute $1200 to the MGIB to get it, while the Post 9/11 is free.
Also, those who elect the MGIB, they cannot elect for the College Loan Repayment Plan if that is an option for them.
I would encourage everyone to do some research on them both and then choose what works best for them: GI Bill Website: http://www.gibill.va.gov
Carissa
Air Force Recruiting Service 

Library > Post 9-11 GI Bill

Welcome to the Air Force's Post-9/11 GI Bill webpage 

Post 9-11 GI Bill logo The Department of Veterans Affairs Post-9/11 GI Bill provides education funding and benefits to eligible veterans, total force Airmen and family members. The bill's transfer-to-dependent option is designed to help improve military retention/recruiting and is only available to eligible active duty and selected Reservists. For more up-to-date information about the program, please check the DVA website at http://www.gibill.va.gov 

POST-9/11 GI BILL PROGRAM OVERVIEW 

    The Department of Veterans Affairs Post-9/11 GI Bill provides education funding and benefits to eligible veterans, Total Force Airmen and family members 

    The Post-9/11 GI Bill's transfer-to-dependent option is designed to help improve military retention/recruiting and is only available to eligible active duty and selected Reservists 

    Eligibility requirements include, but are not limited to, service members who meet all Post-9/11 GI Bill eligibility requirements, have completed six years of service, can commit to serving an additional four more years, and have registered their dependents in the Defense Enrollment Eligibility Reporting System 

POST-9/11 GI BILL FAQ's 

What does the Post-9/11 GI Bill provide?

Post-9/11 GI Bill offers increased education benefits to veterans who served on or after Sept. 11, 2011. Benefits are based on aggregate, honorable service, and include college tuition (up to a certain amount), a monthly housing stipend and an annual books/supplies stipend. Active duty and distance learning students may receive a pro-rated benefit. Eligible active duty service members and selected Reserve may chose to transfer benefits to DEERS-registered dependents, but stipulations apply and require eligibility determination by service component. 

Who is eligible for the Post-9/11 GI Bill?

Everyone with at least 90 aggregate, active duty days of honorable service on or after Sept. 11, 2001, is eligible for benefits under the GI Bill. For full benefits, a member must have served at least 36 months active duty on or after Sept. 11, 2001. Reserve and National Guard members with 3 years of aggregate, active duty service on or after Sept. 11, 2001, can also qualify for full GI Bill benefits. Eligibility stipulations and benefit details are available at base education offices and at http://www.gibill.va.gov 

When and how can service members and veterans apply for the Post-9/11 GI Bill?

The Department of Veterans Affairs will begin accepting applications for the Post-9/11 GI Bill on May 1, 2009, on the DVA website or by mail. You should check the GI Bill website regularly to get the most up-to-date information about the program. You can sign up to receive an email alert by following the instructions at http://www.gibill.va.gov 

(NOTE: Post-9/11 GI Bill benefits are only payable for training pursued on or after Aug. 1, 2009; no payments can be made under this program for training pursued before that date). 

You should check the GI Bill website regularly to get the most up-to-date information about the program. You can sign up to receive an email alert by following the instructions on the DVA website. 

NOTE: Post-9/11 GI Bill benefits are only payable for training pursued on or after Aug. 1, 2009. No payments can be made under this program for training pursued before that date. 

Who is eligible for the transfer-to-dependent option?

The Post-9/11 GI Bill's transfer-to-dependent option is designed to help improve military recruiting retention and is only available to eligible active duty and Selected Reservists serving on or after Aug. 1, 2009. Eligibility requirements include service members who meet all Post-9/11 GI Bill eligibility requirements, have completed six years of service, commit to serving an additional four more years, and have registered their dependents in DEERS. Selected Reservists must meet the same requirement as regular Air Force members, but should contact their service component for exact eligibility requirements. 

Repost from Diane Dickey

Airman cannot attend college courses until they complete the CDC course work to include the final exam. Some supervisors may not sign class work until all upgrade on the job training is completed and the airman has received their 5-level. Airman are eligible to cross train 13 months prior to the end of their first enlistment. They cross train into fields more critical that have openings then the current field. Since any airman can be motivated maybe he/she would want to look at becoming an officer through one of the enlisted to officer programs. http://www.au.af.mil/.../enlist.../enlistedcommissioning.asp