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Zero Down Home Loan Eligibility

Home » Military & Veteran Education Benefits » 2021-2022 Selected Reserve Montgomery GI Bill (MGIB) Rates

2021-2022 Selected Reserve Montgomery GI Bill (MGIB) Rates

Selected Reserve Montgomery GI Bill (MGIB) Rates

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.

» MORE: Veterans Can Buy a Home with $0 Down


Institutional Training

TRAINING TIMEMONTHLY 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 PERIODMONTHLY 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


Related Articles
Montgomery GI Bill (MGIB) Montgomery GI Bill (MGIB) Rates-Active Duty
Montgomery GI Bill For Selected Reserve Program Selected Reserve Montgomery GI Bill (MGIB) Rates
$600 Buy-up Rates for Montgomery GI Bill or REAP Forever GI Bill

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