2021-2023 Selected Reserve Montgomery GI Bill (MGIB) Rates

Updated: October 11, 2022

Table of Contents

    Montgomery GI Bill-Selected Reserve (Chapter 1606) rates are effective dates from Oct. 1 through Sept. 30.

    Use your class start date to determine which year’s charts you should use, according to the Department of Veterans Affairs. For example, if your class starts in August 2022, you will receive the 2021-2022 rate.

    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 increase every October to keep up with inflation-driven demands.

    The 2021-2022 rates increased by about 2.52% for most students from the previous year. MGIB-SR rates for 2022-2023 rates will increase by about 7.3% from the 2021-2022 school year.

    MGIB benefits cover up to 36 months of schooling. Using your benefits at a school with a nine-month academic year should stretch them to cover about up to a four-year degree.

    Here are the rates, according to the VA.

    Rate Charts for the 2021-2022 Year (Effective Oct. 1, 2021-Sept. 30, 2022)
    Rate Charts for the 2022-2023 Year (Effective Oct. 1, 2022-Sept. 30, 2023)


    Educational Assistance Allowance for Trainees Under the Montgomery GI Bill – Selected Reserve (Ch. 1606 of Title 10, U.S.C.)

    Rate Charts for the 2021-2022 Year

    (Effective Oct. 1, 2021-Sept. 30, 2022)

    Institutional Training

    TRAINING TIMEMONTHLY RATE
    Full time$407
    3/4 time$305
    1/2 time$203
    Less than 1/2 time$101.75

    Apprentice 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

    Co-operative: $407 for full-time programs alternative between school instruction and job training

    Correspondence Payments: You will receive quarterly payments based on 55% of the approved charges for the course.

    Flight Payments: Your monthly payments are based on 60% of the approved charges for the course. Due to the high cost of flight training, you may not receive the full 60% of approved charges, according to the VA.

    Correspondence and Flight: You will use one month of your entitlement for each $407 you receive.


    Educational Assistance Allowance for Trainees Under the Montgomery GI Bill – Selected Reserve (Ch. 1606 of Title 10, U.S.C.)

    Rate Charts for the 2022-2023 Year

    (Effective Oct. 1, 2022-Sept. 30, 2023)

    Institutional Training

    TRAINING TIMEMONTHLY RATE
    Full time$439
    3/4 time$329
    1/2 time$219
    Less than 1/2 time$109.75

    Apprentice and On-the-job Training

    TRAINING PERIODMONTHLY RATE
    First six months of training$329.25
    Second six months of training$241.45
    Remaining pursuit of training$153.65

    Co-operative: $439 for full-time programs alternative between school instruction and job training

    Correspondence Payments: You will receive quarterly payments based on 55% of the approved charges for the course.

    Flight Payments: Your monthly payments are based on 60% of the approved charges for the course. Due to the high cost of flight training, you may not receive the full 60% of approved charges, according to the VA.

    Correspondence and Flight: You will use one month of your entitlement for each $439 you receive.

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    Written by MilitaryBenefits