GI Bill Rates Increase

GI Bill Rates Increase for 2008
The Fiscal Year 2008 GI Bill rates have been announced.

GI Bill Benefits have increased, and as of October 1, 2007, full-time students with GI Bill benefits may now be eligible for over $1101 per month to cover the cost of their education.

This increase could mean you have as much as $39,636 to pay for your education. The GI Bill provides up to 36 months of education benefits for:

• College, Business, Technical or Vocational school
• Tuition Assistance: “Top-Up”
• On-the-Job Training and Apprenticeship Programs
• Correspondence Courses
• Remedial, Deficiency, and Refresher Training (in some cases)
• Flight Training (in some cases)
• The cost of tests for licenses or certifications needed to get, keep, or advance in a job
• National Tests

Your monthly MGIB payment depends on your category (Active, Selected Reserved, etc.), course of study, how long you have served, and money put aside for you by the Department of Defense (MGIB Fund, or “kickers”). In most cases, you are eligible for MGIB support for ten years after you join the program.

You may still be able to benefit from the GI Bill if you are no longer active if you:
• entered active duty for the first time after June 30, 1985;
• received a high school diploma or equivalent (or, in some cases, 12 hours of college credit) before the end of your first obligated period of service;
• received an honorable discharge;
• continuously served for 3 years, OR 2 years if that is what you first enlisted for, OR 2 years if you have an obligation to serve four years in the Selected Reserve AND entered Selected Reserve within a year of leaving active duty.

You may not be eligible for MGIB if you have a general, “under honorable condition,” or early discharge: Eligibility under an early discharge requires an acceptable separation reason. Call the number below or check with your Education Services Officer for more information.