Montgomery GI Bill Rates

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The following basic monthly rates are effective October 1, 2014. For trainees on active duty, payment is limited to reimbursement of tuition and fees for the training taken.

The rates in the following two tables will apply to those completing an enlistment of three years or more.

Institutional Training
Training Time Monthly rate
Full time $1,717.00
¾ time $1,287.75
½ time $858.50
less than ½ time more than ¼ time $858.50 **
¼ time or less $429.25 **

** Tuition and Fees ONLY. Payment cannot exceed the listed amount.

Apprenticeship and On-the-Job Training
Training Period Monthly rate
First six months of training $1,287.75
Second six months of training $944.35
Remainder of training $600.95

Correspondence and Flight - Entitlement charged at the rate of one month for each $1,717.00 paid.

Cooperative - $1,717.00

The rates in the following two tables will apply to those completing an enlistment of less than three years.

Institutional Training
Training Time Monthly rate
Full time $1,395.00
¾ time $1,046.25
½ time $697.50
less than ½ time more than ¼ time $697.50 **
¼ time or less $348.75 **

 ** Tuition and Fees ONLY. Payment cannot exceed the listed amount.

Apprenticeship and On-the-Job Training
Training Period Monthly rate
First six months of training $1,046.25
Second six months of training $767.25
Remainder of training $488.25

 

Correspondence and Flight - Entitlement charged at the rate of one month for each $1,395.00 paid.

Cooperative - $1,395.00

Overview:

Each year in October, the Montgomery GI Bill (MGIB) payment rates increase to meet the growing cost of education. In October, 2014, the Montgomery GI Bill full-time payment rate increased to $1,717 for the 2015 fiscal year. Eligible veterans and servicemembers could receive more than $61,000 in total benefits over 36 months.

View the latest monthly payment rates for the Montgomery GI Bill - Selective Reserve.


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, 2014.Individuals pursuing a program of education consisting exclusively of flight training will be paid 60% of the approved charges.

Source: Department of Veteran Affairs 

Related Topics

Veteran Benefits

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GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at www.benefits.va.gov/gibill
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