New 2012-2013 MGIB-SR Payment Rates
Each year in October the GI Bill payment rates are adjusted to meet the cost of education. Although the past years have seen larger increases in the payment rates, this year's modest rate increase has pushed the full-time payment rate to over a $356 a month. These rates effective October 1, 2012.
| Type of Training |
Full Time |
Three-Quarter Time |
Half-Time |
Less Than Half-Time |
|---|---|---|---|---|
|
Institutional |
$356.00 |
$266.00 |
$176.00 |
$89.00 |
|
Cooperative |
$345 (full time only) |
|||
|
Correspondence |
Paid at 55 percent of the approved charges for the course. Entitlement charged at the rate of one month for each $345.00 paid |
|||
|
Apprenticeship/On-the-Job Training |
First six months $267 |
|||
|
Flight |
60 percent of approved charges. |
|||
Sound Off...What do you think? Join the discussion...
