The Montgomery GI Bill is widely known for awarding the military men and veterans as financial assistance for education along with training costs. This bill is not just for assisting tuition costs, but also covering mortgages, loans for business and other monetary problems of military members. The original name of Montgomery GI Bill was the “The Servicemen’s Readjustment Act f 1944.” In the 1940s, this bill helped a lot of veterans to gather funds for studying in a college. In recent years, as the needs of the veterans have changed, the terms of the Montgomery GI Bill has also been upgraded. The Montgomery GI Bill is now awarded every month for almost 36 months or 9 months in one year at the beginning of sessions in the school. Irrespective of when a student starts utilizing the benefits of the GI Bill, the student will receive the payment with an increased rate for every year. The exact duration to receive the MGIB benefits after you have left the active duty is 10 years.
Determining the yearly rates
Monthly rates are usually determined by the student status and the active duty status. The student status can be part-time as well as full-time. If the student status is full-time, then he has a course of 12 credits for each semester. If you have an active duty status, then the reimbursing will be done for expenses along with tuition costs. You can also get rewarded with the full payment rate for tuition costs whenever you leave the active duty service. Henceforth, there’s a difference between the benefits received on the basis of GI Bill for military veterans and active-duty members.
Who can apply?
People who are eligible for applying for the MGIB Bill must be working/has worked for the following services:
- Air Force Reserve
- Army Reserve
- Navy Reserve
- Marine Corps Reserve
- Coast Guard Reserve
- Army National Guard
- Air National Guard
The eligibility required to apply for the MGIB are mentioned below:
- The candidate must have either a diploma in high school or have an equivalent certificate. If not both of them, then the candidate should have finished 12 hours college degree.
- The candidate should be honorably discharged from your active duty.
- The candidate should have worked in the military for a minimum of 2 years.
- The candidate should either contribute USD 100 per month for the first year of active duty or he must have qualified the VEAP conversion program. (Veterans Educational Assistance Program)
How to apply?
You can apply for the Montgomery GI Bill in areas concerning education or training. The financial assistance provided through the Montgomery GI Bill is different for every training type. The training/education/programs for which you can apply the Bill are mentioned below:
- On-the-job training
- Apprenticeship training
- Flight training
- Non-college degree training
- Correspondence courses
- Licence & Certification
- National Testing programs
- Work-Study programs
- Tutorial Assistance
Step by Step Enrolling process
- Chose a specific VA program
- You must complete filling the form and then send as a VA Form 22-1990.
- After 5-8 weeks of submission of VA Form 22-1990, you will get a benefits letter along with the declaration of eligibilities.
- Now, you need to complete the VA’s Web Automated Verification of Eligibility process (WAVE).
MGIB Bill along with other VA Educational Benefits
As mentioned on the official website of the Department of Veterans, one candidate is eligible to apply for only one VA educational benefit. A veteran can apply for the MGIB Bill along with the VA educational benefit, but not at the same time.
Post-9/11 GI Bill
The Post-9/11 GI Bill is especially for active-duty members who have worked for a minimum of 90 days from September 11, 2011. Just like the Montgomery GI Bill, the Post-9/11 Bill covers the costs for tuition, training, housing allowance and books. Under the Post-9/11 Bill, the money is directly sent to the school as student’s fees. The student receives the money for housing allowance and books only. The duration of the Post-9/11 Bill is the same as the Montgomery GI Bill, that is, 36 months.
The Success of GI Bill
The Montgomery GI Bill has proved to be a successful initiative taken by the government after World War II. This GI Bill has given an opportunity to the military veterans to learn new skills through training or get a degree. In the year 1947, almost 49% of the veterans took admission in colleges with the help of the Montgomery GI Bill. Later on, in 1956, the number of military veterans who had received benefits from GI Bill rose to 7.8 million. Amongst these 7.8 million people, almost 2.2 million went to colleges for a degree and 5.6 million attended training programs.