The Montgomery GI Bill is a program available to assist with educational expenses for active duty soldiers and reserve soldiers. To qualify you must sign up when you enlist (for soldiers entering before 6/30/1985 you must not have declined in writing), receive a fully honorable discharge after at least 3 years of service, and complete high school (or obtain an equivalency certificate or obtain 12 college credits). There is also an entry fee of $1,200 to be paid either $100/month or one lump sum. Benefits are available for up to 10 years after your date of discharge.
What does the Montgomery GI Bill Do For Me
GI Bill benefits can be used for many different educational programs, such as:
undergraduate or graduate degree
The amount paid out by the GI Bill varies according to the type of program and the course load (full-time, half-time, etc.). The current payment rates for full-time students attending college are $1,564, while a half-time college student gets $782. Rates change every October 1, with the Consumer Price Index. For more current rates, head over to this VA Page.
If you still have questions about the GI Bill, go check out our GI Bill article at our sister-site CollegeEducation411.com. You can also check out the .PDFs at the bottom of this page. You can also go to the VA Rate Table to find out the most current payout rates.