New 2011-12 Montgomery GI Bill Rates
Each year in October, the Montgomery GI Bill (MGIB) payment rates increase to meet the growing cost of education. The MGIB full-time student payment rate was increased to $1,473 a month for the 2011 fiscal year.
Montgomery GI Bill Monthly Rates
The following MGIB payment rates effective from Oct. 1, 2011 through Sept. 30, 2012:
| Training Time | Monthly Rate |
|---|---|
| Full time | $1473.00 |
| ¾ time | $1104.75 |
| ½ time | $736.50 |
| less than ½ time more than ¼ time | $736.50** |
| ¼ time or less | $368.25** |
Cooperative — $1,473.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
| Training Period | Monthly rate |
|---|---|
| First six months of training | $1104.75 |
| Second six months of training | $810.15 |
| Remaining pursuit of training | $515.55 |
The following rates apply to those completing an enlistment of less than three years.
| Training Time | Monthly rate |
|---|---|
| Full time | $1196.00 |
| ¾ time | $897.00 |
| ½ time | $598.00 |
| Less than ½ time more than ¼ time | $598.00** |
| ¼ time or less | $299.00** |
| Training Period | Monthly rate |
|---|---|
| First six months of training | $897.00 |
| Second six months of training | $657.80 |
| Remaining pursuit of training | $418.60 |
Correspondence and Flight - Entitlement charged at the rate of one month for each $1,196 paid.
Cooperative — $1,196
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
See the VA GI Bill website MGIB Rates for persons with remaining entitlement under Chapter 34 of Title 38, U.S.C. Chapter 30 Category II rates effective Oct. 1, 2010.
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The GI Bill can provide up to $52,500 for school. Request info from schools with VA approved education programs today.
Important Note: You should confirm with schools whether programs and policies meet your specific requirements.
