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

First - although it's to late for this year, if you're looking at college for next year make sure you ask yourself the right questions. Here are a list of questions to ask yourself and your future school.

Next we have tuition assistance for veterans - a new set of rules are being introduced, and some schools aren't happy about them. Make sure that your classes will be covered under the new plan.

The Veterans Retraining and Assistance Program (VRAP) has released a list of 210 in-demand jobs, some which require as little as one year of training.

Q: As well as Army benefits I'd like to see benefits that veterans & retirees are offered. Some states have additional benefits & I'd like to see a rundown on those.