Montgomery GI Bill-SR (Chapter 1606) rates are effective Oct. 1st, 2014 through Sept. 30th, 2015 and this year’s rates are about a 1.5% 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. Benefits are for up to 36 months.
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||$91.75|
|Training Period||Monthly rate|
|First six months of training||$275.25|
|Second six months of training||$201.85|
|Remaining pursuit of training||$128.45|
Correspondence and Flight – Entitlement charged at the rate of one month for each $367.00 paid.
Cooperative – $367.00
Correspondence Payments – 55% of the approved charges
Flight Payments – 60% of the approved charges
Source: Department of Veterans Affairs
|Montgomery GI Bill (MGIB) Rates||Selected Reserve Montgomery GI Bill (MGIB) Rates|
|$600 Buy-up Rates for Montgomery GI Bill or REAP||Military Friendly Colleges Guide|