2014-2015 Selected Reserve Montgomery GI Bill (MGIB) Rates

Updated: March 15, 2021

Table of Contents

    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.).


    Institutional Training
    Training Time Monthly rate
    Full time $367.00
    3/4 time $274.00
    1/2 time $182.00
    Less than 1/2 time $91.75

     

    Apprenticeship and On-the-Job Training  
    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.

    Photo by Lance Cpl. Michelle Brinn

    Photo by Lance Cpl. Michelle Brinn

    Cooperative – $367.00

    Correspondence Payments – 55% of the approved charges

    Flight Payments – 60% of the approved charges

    Source: Department of Veterans Affairs

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