New 2008 GI Bill Payment Rates

Week of July 14, 2008

Each year in October the Montgomery GI Bill payment rates increase to meet the growing cost of education. Although the past years have seen modest increases in the payment rates, this year's 20% rate increase has pushed the full-time payment rate to $1,321 a month. This new full-time student payment rate means that many eligible veterans and servicemembers will receive over $47,500 in total benefits. In addition, this year's increase goes into effect on August 1st.

Take advantage of your benefits and don't pay for classes. Take the first step and find Military Friendly schools that can offer you college credit for service and flexible schedules. Search for schools now.