The GI Bill is currently worth up to $47,000. This amount is based on the 2008-2009 monthly full-time student payment rate of $1321 multiplied by the 36-month limit. This "payment rate" automatically increases on October first each year. You get the annual increase no matter when you became eligible or begin using it. The term "36 months of benefits" refers to academic months. This means you will have up to 8 semesters (four years) to complete a traditional academic education. Get the full guide here.
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2009 Veteran GI Bill User's Guide
Week of January 05, 2009
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