New 2013-14 Montgomery GI Bill Rates

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August 2014 update: The Veterans Administration has announced its new rates for educational assistance allowance for trainees under the Montgomery GI Bill. 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, 2013, the Montgomery GI Bill full-time payment rate increased to $1,648 for the 2014 fiscal year. Eligible veterans and servicemembers could receive more than $59,000 in total benefits over 36 months.

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

Montgomery GI Bill Monthly Rates

The following MGIB payment rates effective from Oct. 1, 2013 through Sept. 30, 2014:

Monthly MGIB Rate for Institutional Training
Training Time Monthly Rate
Full time $1,648
¾ time $1,236
½ time $824
less than ½ time more than ¼ time $824
¼ time or less $412
Individuals pursuing a program of education consisting exclusively of flight training will be paid 60% of the approved charges.
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.

Monthly MGIB Rate for Apprenticeship and On-The-Job Training
(Effective October 1, 2013)

Training Period Monthly rate
First six months of training $1,338.75
Second six months of training $962.78
Remaining pursuit of training $588.70

The following rates apply to those completing an enlistment of less than three years.

Institutional Training
Training Time Monthly rate
Full time $1,339
¾ time $1,004.25
½ time $635
Less than ½ time more than ¼ time $669.50**
¼ time or less $334.75**
Apprenticeship and On-The-Job Training for those with less than 3 years service
(Effective October 1, 2013)
Training Period Monthly rate
First six months of training $1,004.25
Second six months of training $736.45
Remaining pursuit of training $468.65

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

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, 2012.

Source: Department of Veteran Affairs 

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