Montgomery GI Bill-Selected Reserve (Chapter 1606) rates are effective 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 2025, you will receive the 2024-2025 rate.
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 up to a four-year degree.
Here are the rates, according to the VA.
Montgomery GI Bill Selected Reserve Rates
Rate Charts for the 2025-2026 Year
(Effective Oct. 1, 2025 – Sept. 30, 2026)
Institutional Training
| TRAINING TIME | MONTLY RATE |
|---|---|
| Full Time | $493.00 |
| 3/4 Time | $369.00 |
| 1/2 Time | $246.00 |
| Less than 1/2 Time | $123.25 |
Apprentice and On-the-job Training
| TRAINING TIME | MONTHTLY RATE |
|---|---|
| Months 1 to 6 | $369.75 |
| Months 7 to 12 | $271.15 |
| After the first year | $172.55 |
Co-operative: $493 for full-time programs alternative between school instruction and job training
Correspondence Payments: You will receive quarterly payments based on 55% of the approved course charges.
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 $493 you receive.
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Jon Rehagan covers financial topics and military news, aimed at helping those who've served our country and everyday civilians