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, 2014.
|Training Time||Monthly rate|
|Less than 1/2 time||$91.75|
|Training Period||Monthly rate|
|First six months of training||$275.25|
|Second six months of training||$201.85|
|Remaining pursuit of training||$128.45|
Correspondence and Flight - Entitlement charged at the rate of one month for each $367.00 paid.
Cooperative - $367.00
Correspondence Payments - 55% of the approved charges
Flight Payments - 60% of the approved charges
Sound Off...What do you think? Join the discussion...