Last year's GI Bill rate increase was 20 percent, by comparison this years full-time payment rate increase to $1,368 a month is much more modest. This new full-time student payment rate means that many eligible veterans and servicemembers could receive over $49,000 in total benefits.
The 2009-2010 Montgomery GI Bill Basic Monthly Payment Rates
| Training Time | Monthly Rate |
|---|---|
| Full time | $1368.00 |
| ¾ time | $1026.00 |
| ½ time | $684.00 |
| less than ½ time more than ¼ time | $684.00** |
| ¼ time or less | $342.00** |
Cooperative — $1,368.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
| Training Period | Monthly rate |
|---|---|
| First six months of training | $1026.00 |
| Second six months of training | $752.40 |
| Remaining pursuit of training | $478.80 |
The following rates apply to those completing an enlistment of less than three years.
| Training Time | Monthly rate |
|---|---|
| Full time | $1111.00 |
| ¾ time | $833.25 |
| ½ time | $555.50 |
| Less than ½ time more than ¼ time | $555.50** |
| ¼ time or less | $275.75** |
| Training Period | Monthly rate |
|---|---|
| First six months of training | $833.25 |
| Second six months of training | $611.05 |
| Remaining pursuit of training | $388.85 |
Correspondence and Flight - Entitlement charged at the rate of one month for each $1,111 paid.
Cooperative — $1,111
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
| Training Time | Monthly Rate | |||
|---|---|---|---|---|
|
No Dependents |
One Dependent |
Two Dependents |
Each additional dependent | |
|
Full time |
$1,556.00 |
$1,592.00 |
$1,623.00 |
$16.00 |
|
¾ time |
$ 1,167.50 |
$ 1,194.00 |
$ 1,217.50 |
$12.00 |
|
½ time |
$ 778.00 |
$ 796.00 |
$ 811.50 |
$ 8.50 |
| Less than ½ time but more than ¼ time | $778.00** | |||
| ¼ time or less | $389.00** | |||
| Training Period | Monthly rate | |||
|---|---|---|---|---|
|
No Dependents |
One Dependent |
Two Dependents |
Each additional dependent | |
|
1st six months of pursuit of program |
$1,128.75 |
$1,141.13 |
$1,152.00 |
$5.25 |
|
2nd six months |
$808.78 |
$818.13 |
$825.83 |
$3.85 |
|
3rd six months |
$502.60 |
$508.73 |
$513.45 |
$2.45 |
|
Remaining pursuit of program |
$490.70 |
$496.48 |
$501.73 |
$2.45 |
| Training Period | Monthly rate | |||
|---|---|---|---|---|
|
No Dependents |
One Dependent |
Two Dependents |
Each additional dependent | |
|
Oct. 1, 2007 Sept. 30, 2008 |
$1,556.00 |
$1,592.00 |
$1,623.00 |
$16.00 |
Correspondence — 55 percent of the approved charges
Flight — 60 percent of the approved charges
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.


