Hello Gene and Viol
I took your advise and went ahead to see a Veteran officer at the RAO center which stands for Retired Activity Organization. I spoke with a retired navy who is the deputy director. He is as well attending college here in the Philippines so that really work out well with my intention coming down the office.
He walked me through the education system in the Philippines and most importantly the GI Bill. It does increase every year.
He said that it doesn't matter what place or school in the Philippines you will go or whatever rank that you retired. A captain or a private, you will get a flat rate of $1368 a month as you living expense here in the Philippines.
That info cleared up a lot of confusions on my part. Since I'm from Subic, I might as well pursue my degree here. Subic is a wonderful wonderful place by the way. If you will stay inside the former US naval base now called SBMA freeport zone is really nice. Almost all the convenience that you have back home you can buy here. Plenty of American products and food at reasonable prices.
I hope that my fellow veteran who's planning to use their GI Bill in the Philippines read this info that I gathered from our local RAO center.