Montgomery GI Bill-SR (Chapter 1606) rates, as of October 1st, 2019 through September 30th, 2020. This year’s rates increased by about 2.08% 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.).
|Training Time||Monthly rate|
|Less than 1/2 time||$98.00|
|Training Period||Monthly rate|
|First six months of training||$294.00|
|Second six months of training||$215.60|
|Remaining pursuit of training||$137.20|
Correspondence and Flight – Entitlement charged at the rate of one month for each $392.00 paid.
Cooperative – $392.00
Correspondence Payments – 55% of the approved charges
Flight Payments – 60% of the approved charges
Source: Department of Veterans Affairs
|Montgomery GI Bill (MGIB)||Montgomery GI Bill (MGIB) Rates-Active Duty|
|Montgomery GI Bill For Selected Reserve Program||Selected Reserve Montgomery GI Bill (MGIB) Rates|
|$600 Buy-up Rates for Montgomery GI Bill or REAP||Forever GI Bill|