August 2014 Update: Basic monthly payment rates for trainees under the Montgomery GI Bill - Selected Reserve (Ch. 1606 of Title 10, U.S.C.) will be updated. The following monthly rates are effective October 1, 2015.
|Training Time||Monthly rate|
|Less than 1/2 time||$92.00|
|Training Period||Monthly rate|
|First six months of training||$276.00|
|Second six months of training||$202.40|
|Remaining pursuit of training||$128.80|
Correspondence and Flight - Entitlement charged at the rate of one month for each $368.00 paid.
Cooperative - $368.00
Correspondence Payments - 55% of the approved charges
Flight Payments - 60% of the approved charges
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