Each year in October the Montgomery GI Bill payment rates increase to meet the growing cost of education. Although the past years have seen modest increases in the payment rates, this year's 20 percent rate increase has pushed the full-time payment rate to $1,321 a month. This new full-time student payment rate means that many eligible veterans and servicemembers will receive over $47,500 in total benefits. In addition, this year's increase goes into effect in August. Not what your looking for? Return to Military Education Guide.
The following rates are effective August 1, 2008:
(Effective August 1, 2008 - October 1, 2009)
The following rates apply to those completing an enlistment of less than three years.
(Effective August 1, 2008 - October 1, 2009)
Basic Institutional Rates for persons with remaining entitlement under Chapter 34 of Title 38, U.S.C. Chapter 30 Category II rates effective Aug. 1, 2008.
Correspondence — 55 percent of the approved charges Flight — 60 percent of the approved charges ** Tuition and Fees ONLY. Payment cannot exceed the listed amount.