2016-2017 Selected Reserve Montgomery GI Bill (MGIB) Rates

Montgomery GI Bill-SR (Chapter 1606) rates, as of October 1st, 2016 through September 30th, 2017. This year’s rates increased by about 1% from the previous fiscal year. Yearly inflation costs raise the price of education, so education benefits rise every October to keep up with inflation-driven demands. MGIB benefits are for up to 36 months of schooling, and one school year is about nine months in total, so benefits should cover up to a four year degree.

Educational Assistance Allowance for trainees under the Montgomery GI Bill – Selected Reserve (Ch. 1606 of Title 10, U.S.C.).

Institutional Training
Training Time Monthly rate
Full time $369.00
3/4 time $276.00
1/2 time $184.00
Less than 1/2 time $92.95
Apprenticeship and On-the-Job Training  
Training Period Monthly rate
First six months of training $276.75
Second six months of training $202.95
Remaining pursuit of training $129.15

Correspondence and Flight – Entitlement charged at the rate of one month for each $368.00 paid.

Photo by Lance Cpl. Michelle Brinn
Photo by Lance Cpl. Michelle Brinn

Cooperative – $369.00

Correspondence Payments – 55% of the approved charges

Flight Payments – 60% of the approved charges

Source: Department of Veterans Affairs