2014-2015 Montgomery GI Bill (MGIB) Rates

Updated: March 26, 2021

Table of Contents

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    Photo by Master Sgt. William Wiseman

    Montgomery GI Bill (MGIB) rates are effective Oct. 1st, 2014 through Sept. 30th, 2015 and this years rates are about a 4.02% increase from the previous year.  Increases occur every year on Oct. 1st and are designed to cover the increased costs of education due to inflation. An eligible active-duty service member or veteran enlisted more than 3 years can now receive up to $61,812 in MGIB benefits up from $59,328 in the previous period.

    2014-2015 MGIB Rates (Active Duty (MGIB-AD/Chapter 30)

    Rates for three years or more enlistment:

    Institutional Training
    Training Time 2013-2014 Monthly rate 2014-2015 Monthly rate Year over Year Increase
    Full time $1,648.00 $1,717.00 4.02%
    ¾ time $1,236.00 $1,287.75 4.02%
    ½ time $824.00 $858.50 4.02%
    less than ½ time more than ¼ time $824.00 ** $858.50 ** 4.02%
    ¼ time or less $412.00 ** $429.25 ** 4.02%

     

    Apprenticeship and On-the-Job Training
    Training Period 2013-2014 Monthly rate 2014-2015 Monthly rate Year over Year Increase
    First 6 months of training $1,236.00 $1,287.75 4.02%
    Second 6 months of training $906.40 $944.35 4.02%
    Remainder of training $576.80 $600.95 4.02%

     

    Correspondence and Flight – Entitlement charged at the rate of one month for each $1,717.00 paid.
    Cooperative – $1,717.00
    ** Tuition and Fees ONLY. Payment cannot exceed the listed amount.

    Rates for less than three years of enlistment:

    Institutional Training
    Training Time 2013-2014 Monthly rate 2014-2015 Monthly rate Year over Year Increase
    Full time $1,339.00 $1,395.00 4.01%
    ¾ time $1,004.25 $1,056.25 4.01%
    ½ time $669.50 $697.50 4.01%
    less than ½ time more than ¼ time $669.50 ** $697.50 ** 4.01%
    ¼ time or less $334.75 ** $348.75 ** 4.01%

     

    Apprenticeship and On-the-Job Training
    Training Period 2013-2014 Monthly rate 2014-2015 Monthly rate Year over Year Increase
    First 6 months of training $1,004.25 $1,046.25 4.01%
    Second 6 months of training $736.45 $767.25 4.01%
    Remainder of training $468.65 $488.25 4.01%

     

    Correspondence and Flight – Entitlement charged at the rate of one month for each $1,395.00 paid.
    Cooperative – $1,395.00
    ** Tuition and Fees ONLY. Payment cannot exceed the listed amount.

    Basic Institutional Rates for persons with remaining entitlement under Chapter 34 of Title 38, U.S.C. Chapter 30 Category II rates effective Oct. 1, 2014.

    Institutional Training
    Training period Monthly Rate
    No Dependents One Dependent Two Dependents Each additional dependent
    Full time $1,905.00 $1,941.00 $1,972.00 $16.00
    ¾ time $1,429.25 $1,455.75 $1,479.25 $12.00
    ½ time $952.50 $970.50 $986.00 $8.50
    less than ½ time more than ¼ time $952.50 **
    ¼ time or less $476.25 **

     

    Apprenticeship and On-the-Job Training
    Training period Monthly Rate
    No Dependents One Dependent Two Dependents Each additional dependent
    First six months of training $1,390.75 $1,402.88 $1,413.75 $5.25
    Second six months of training $1,000.73 $1,010.08 $1,017.78 $3.85
    Third six months of training $624.75 $630.88 $635.60 $2.45
    Remainder of program $612.85 $618.63 $623.88 $2.45

     

    Cooperative Training
    Training period Monthly Rate
    No Dependents One Dependent Two Dependents Each additional dependent
    Oct. 1, 2014 – Sept. 30, 2015 $1,905.00 $1,941.00 $1,972.00 $16.00

     

    Correspondence – 55% of the approved charges or

    Flight – 60% of the approved charges
    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



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