Montgomery GI Bill-SR (Chapter 1606) rates are listed. The effective dates are Oct. 1, 2021 through Sept. 30, 2022.
This year’s rates increased by about 2.52% for most students 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.
Institutional Training
| TRAINING TIME | MONTHLY RATE |
|---|---|
| Full time | $407 |
| 3/4 time | $305 |
| 1/2 time | $203 |
| Less than 1/2 time | $101.75 |
Apprenticeship and On-the-Job Training
| TRAINING PERIOD | MONTHLY RATE |
|---|---|
| First six months of training | $303.25 |
| Second six months of training | $223.85 |
| Remaining pursuit of training | $142.45 |
Correspondence and Flight: Entitlement charged at the rate of one month for each $407 paid.
Cooperative: $407
Correspondence Payments: 55% of the approved charges
Flight Payments: 60% of the approved charges
Source: Department of Veterans Affairs
