New 2012-13 Montgomery GI Bill Rates
Each year in October, the Montgomery GI Bill (MGIB) payment rates increase to meet the growing cost of education. In October, 2012, the Montgomery GI Bill full-time payment rate will increase to $1,564 for the 2013 fiscal year. Eligible veterans and servicemembers could receive more than $56,000 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, 2012 through Sept. 30, 2013:
| Training Time | Monthly Rate |
|---|---|
| Full time | $1,564 |
| ¾ time | $1,173 |
| ½ time | $782 |
| less than ½ time more than ¼ time | $782** |
| ¼ time or less | $391** |
Cooperative — $1,564.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
| Training Period | Monthly rate |
|---|---|
| First six months of training | $1,173 |
| Second six months of training | $860 |
| Remaining pursuit of training | $547.40 |
The following rates apply to those completing an enlistment of less than three years.
| Training Time | Monthly rate |
|---|---|
| Full time | $1,270 |
| ¾ time | $952.50 |
| ½ time | $635 |
| Less than ½ time more than ¼ time | $635** |
| ¼ time or less | $317.50** |
| Training Period | Monthly rate |
|---|---|
| First six months of training | $952 |
| Second six months of training | $698.50 |
| Remaining pursuit of training | $444.50 |
Correspondence and Flight - Entitlement charged at the rate of one month for each $1,270 paid.
Cooperative — $1,270** 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, 2012.
Related Topics |
Active Duty GI Bill Benefits |
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