Beginning Oct 1, 2012, the Montgomery GI Bill payout rates will increase to keep up with the rising cost of education. Here are some of the new rates:

Upon completion of 3 or more years of enlistment:

Institutional Training

• Full-Time: $1,564
• 3/4 Time : $1,173
• 1/2 Time : $782
• 1/4 Time : $391

Apprenticeship and On-the-Job Training

• First 6 months : $1,173
• Second 6 months: $860
• Remainder : $547.40

Upon completion of less than 3 years enlistment:

Institutional Training

• Full-Time: $1,270
• 3/4 Time : $952.50
• 1/2 Time : $635
• 1/4 Time : $317.50

Apprenticeship and On-the-Job Training

• First 6 months : $952.50
• Second 6 months: $698.50
• Remainder : $444.50

For more information and additional rates for Flight, Correspondence, and Non-Degree Granting Institutions, check out the Montgomery GI Bill's web page.