Veterans can expect to see some welcome changes to the GI Bill on October 1. Some of the changes will improve the cash benefit of both the Post-9/11 GI Bill and the older Montgomery GI Bill. In addition, the range of benefits and eligibility will expand for the Post-9/11 GI Bill.
This latest round of changes makes the Post-9/11 GI Bill as flexible as the previous versions; opening new doors for veterans who are not interested in going to college.
The following is a breakdown of the changes that will occur on October 1:
- Montgomery GI Bill payment rates will increase by almost $50 to $1473 a month. This includes increases in the MGIB-SR, REAP, and OJT rates.
- More National Guardsman will be eligible to begin drawing benefits from the Post-9/11 GI Bill
- Active duty servicemembers and their eligible family members will be eligible for the $1000 annual book stipend.
- Eligible GI Bill users will have access to use the Post-9/11 GI Bill for non-college degree programs including On-the-Job and Apprenticeship training, up to $10,000 for flight training programs, and up to $8,500 correspondence training.
Check out the Military.com GI Bill Calculator to see how much your GI Bill benefit may be worth this fall.