2012-2013 Montgomery GI Bill (MGIB) Rates
Updated: December 23, 2022
Written by Veteran.com Team
The new Montgomery GI Bill Rates increased by approximately 6.18% this year and is effective from Oct. 1st, 2012 through Sept. 30th, 2013. This increase
is almost double the increase from the previous year of approximately 3.30%. Increases occur every year on Oct. 1st and are designed to cover the increased costs of education due to inflation. An eligible active-duty servicemember or veteran enlisted more than 3 years can now receive up to $56,304 in MGIB benefits up from $53,028 in the previous period.
The new 2012-2013 MGIB Rates
Rates for three years or more enlistment:
| Institutional Training | |||
| Training Time | 2011-2012 Monthly rate | 2012-2013 Monthly rate | Year over Year Increase |
| Full time | $1,473.00 | $1,564.00 | 6.18% |
| ¾ time | $1,104.75 | $1,173.00 | 6.18% |
| ½ time | $736.50 | $782.00 | 6.18% |
| less than ½ time more than ¼ time | $736.50 ** | $782.00 ** | 6.18% |
| ¼ time or less | $368.25 ** | $391.00 ** | 6.18% |
| Apprenticeship and On-the-Job Training | |||
| Training Period | 2011-2012 Monthly rate | 2012-2013 Monthly rate | Year over Year Increase |
| First 6 months of training | $1,104.75 | $1,173.00 | 6.18% |
| Second 6 months of training | $810.15 | $860.00 | 6.15% |
| Remainder of training | $515.55 | $547.40 | 6.18% |
Correspondence and Flight– Entitlement charged at the rate of one month for each $1,564.00 paid.
Cooperative – $1,564.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
Rates for less than three years of enlistment:
| Institutional Training | |||
| Training Time | 2011-2012 Monthly rate | 2012-2013 Monthly rate | Year over Year Increase |
| Full time | $1,196.00 | $1,270.00 | 6.19% |
| ¾ time | $897.00 | $952.50 | 6.19% |
| ½ time | $598.00 | $635.00 | 6.19% |
| less than ½ time more than ¼ time | $598.00 ** | $635.00 ** | 6.19% |
| ¼ time or less | $299.00 ** | $317.50 ** | 6.19% |
| Apprenticeship and On-the-Job Training | |||
| Training Period | 2011-2012 Monthly rate | 2012-2013 Monthly rate | Year over Year Increase |
| First 6 months of training | $897.00 | $952.50 | 6.19% |
| Second 6 months of training | $657.80 | $698.50 | 6.19% |
| Remainder of training | $418.60 | $444.50 | 6.19% |
Correspondence and Flight – Entitlement charged at the rate of one month for each $1,270.00 paid.
Cooperative – $1,270.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
The Montgomery GI Bill was established in 1984 and provides financial assistance for education and training. To be eligible you must contribute $100 a month for the first 12 months of active-duty, have High School or equivalent degree and served at least 2 years on active duty.
There is also a Buy-Up Program where if eligible service members contribute an additional $600 they can receive up to $150 a month or $5,400 (36 months) more in benefits.
Source: Department of Veterans Affairs
