Montgomery G.I. Bill
Montgomery G.I. Bill - FY2007 Payment Rates
 As
a Soldier in the Army or Army Reserve, you can take advantage
of the Montgomery GI Bill and the Army College Fund to pay
for your college education. Depending on how long you enlist
with the Army, you can get up to $70,344 to help pay for college.
All you have to do is give $100 a month during your first
year of service. Monetary amounts differ between Soldiers
on Active Duty and in the Army Reserve.
Active Duty Benefit - Up to $70,344 to help pay for college.
Reserve Benefit - Up to $22,000 to help pay
for college.
The Army Reserve always needs to fill certain
jobs in various locations. If you qualify and take one of
these jobs, you can benefit by earning more through the MGIB
Kicker. Your Kicker can be $100, $200 or $350 per month
if you enroll in school full-time. Amounts vary depending
on job and location.
Each year in October the GI Bill payment rates
are increased to meet the increased cost of education. Although
the past years have seen larger increases in the payment rates,
this year's modest rate increase has pushed the full-time
payment rate to $1,101 a month.
NEW Basic Monthly Rates
The following rates are effective October 1, 2007:
|
Institutional Training
|
| Training Time |
Monthly rate |
| Full time |
$1101.00 |
| ¾ time |
$825.75 |
| ½ time |
$550.50 |
| less than ½ time more than ¼
time |
$550.50 ** |
| ¼ time or less |
$275.25 ** |
|
Apprenticeship and On-Job Training
|
| Training Period |
Monthly rate |
| First six months of training |
$935.85 |
| Second six months of training |
$715.65 |
| Remaining pursuit of training |
$495.45 |
Correspondence and Flight - Entitlement charged at the rate of one month
for each $1101.00 paid.
Cooperative - $1101.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
The following rates apply to those completing an enlistment
of less than three years.
|
Institutional Training
|
| Training Time |
Monthly rate |
| Full time |
$894.00 |
| ¾ time |
$670.50 |
| ½ time |
$447.00 |
| less than ½ time more than ¼
time |
$447.00 ** |
| ¼ time or less |
$223.50 ** |
|
Apprenticeship and On-Job Training
|
| Training Period |
Monthly rate |
| First six months of training |
$759.90 |
| Second six months of training |
$581.10 |
| Remaining pursuit of training |
$402.30 |
Correspondence and Flight - Entitlement charged at the rate of one month for each
$894.00 paid.
Cooperative - $894.00
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
|
Basic Institutional Rates for persons
with remaining entitlementunder Chapter 34 of Title
38, U.S.C.Chapter 30 Category II rates effective 10-01-2007.
|
|
Institutional Training
|
| Training Time |
Monthly rate |
| |
NoDependents |
OneDependent |
TwoDependents |
Each additional dependent |
| Full time |
$1289.00 |
$1325.00 |
$1356.00 |
$16.00 |
| ¾ time |
$ 967.25 |
$ 993.75 |
$ 1017.25 |
$12.00 |
| ½ time |
$ 644.50 |
$ 662.50 |
$ 678.00 |
$ 8.50 |
| |
NoDependents |
OneDependent |
TwoDependents |
Each additional dependent |
| Full time |
1289.00 |
$1325.0 |
$1356.00 |
$16.00 |
| ¾ time |
$ 967.25 |
$ 993.75 |
$ 1017.25 |
$12.00 |
| ½ time |
$ 644.50 |
$ 662.50 |
$ 678.00 |
$ 8.50 |
| Less than ½ time but more than
¼ time |
$644.50 ** |
| ¼ time or less |
$322.25 ** |
|
Apprenticeship and On-Job Training
|
| Training Period |
Monthly rate |
| |
NoDependents |
OneDependent |
TwoDependents |
Each additional dependent |
| 1st six months of pursuit of program |
$928.50 |
$940.88 |
$951.75 |
$5.25 |
| 2nd six months |
$661.93 |
$671.28 |
$678.98 |
$3.85 |
| 3rd six months |
$409.15 |
$415.28 |
$420.00 |
$2.45 |
| Remaining pursuit of program |
$397.25 |
$403.03 |
$408.28 |
$2.45 |
|
Cooperative Course
|
| Training Period |
Monthly rate |
| |
NoDependents |
OneDependent |
TwoDependents |
Each additional dependent |
| Oct. 1, 2003 Sept. 30, 2004 |
$1289.00 |
$1325.00 |
$1356.00 |
$16.00 |
Correspondence - 55%
of the approved charges
Flight - 60% of the approved charges
** Tuition and Fees ONLY. Payment cannot exceed the listed amount.
|