Well yes and no. My DH (& everyone else at the school system he works for) had to take pay CUTS 3 yrs ago. So this July 1st they put them back up to what they were making before. So, yes we're getting more money than we've gotten for the last 3 years, but it's only what it was 3 years ago, so theoretically it's like not getting a raise for 3 years. Yet at this point we're happy for anything.
Regardless of how we look at it, no we won't be saving any of it. We'll have one child in college which we're paying quite a bit of, and another in grad school who we're not paying, but I'll probably help her out with expenses such as food, clothing, etc, outside of tuition and housing. It's the ever sucking black hole of college expenses at our house.