It allows you to sign-off on designs, testify in court, and in the civilian world, equals a higher salary. The good news is that most states give credit for your time in the Engineer Branch as professional experience. One of the best states at recognizing the value of military experience is Virginia. If that is not your home state, don't worry. Register there, and later if you get out of the Army it is very easy to transfer the license to your home state.
Some states are more selective in giving credit for military experience.
Fully funded means that you earn you full officer paycheck, plus the Army pays for your full tuition and books. Its a great deal. Fully funded graduate school slots are very competitive. We also have an outstanding new program which is open to nearly everyone. It is taught in conjunction with the University of Missouri.