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Get more information on the Veterans Benefits Banking Program
 

Education and Training

Montgomery GI Bill-SR (Chapter 1606) Increased Educational Benefit

EFFECTIVE OCTOBER 1, 2020

 

Educational Assistance Allowance for trainees under the Montgomery GI Bill - Selected Reserve (Ch. 1606 of Title 10, U.S.C.). The following basic monthly rates are effective October 1, 2020.

Institutional Training
Training TimeMonthly rate
Full time $397.00
3/4 time $297.00
1/2 time $198.00
Less than 1/2 time $99.25

 

Apprenticeship and On-the-Job Training  
Training PeriodMonthly rate
First six months of training $297.75
Second six months of training $218.35
Remaining pursuit of training $138.95

Correspondence and Flight - Entitlement charged at the rate of one month for each $397.00 paid.

Cooperative - $397.00

Correspondence Payments - 55% of the approved charges

Flight Payments - 60% of the approved charges

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