Montgomery and Dependent GI Bill Payments Are About to Increase

Montgomery and Dependent GI Bill Payments Are About to Increase
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Editor’s note: This article by Jim Absher originally appeared on Military.com, a leading source of news for the military and veteran community.

 

If you are one of the few remaining veterans who isn't using the Post-9/11 GI Bill, you'll be seeing an increase in your monthly payments beginning Oct. 1.

 

The fiscal year 2022 monthly GI Bill payment rates will rise an average of 2.6% over last year's rates.

 

The annual cost-of-living allowance is being rolled out for all GI Bill programs except the Post-9/11 GI Bill, which received its increase on Aug. 1. You should see the increased payments in your Nov. 1, 2021, payment.

 

[RELATED: Education Assistance From MOAA]

 

Let's look at how much more you can expect to receive for the upcoming year.

 

Montgomery GI Bill - Active Duty

A full-time student using the Montgomery GI Bill - Active Duty will see their monthly payment increase from $2,122 to $2,150, while a half-time student will see an increase from $1,061 to $1,075. Check out all the rates here.

 

Montgomery GI Bill - Reserves

A full-time student using the Montgomery GI Bill - Reserves will see their monthly payment increase from $397 to $407, while a half-time student will see an increase from $198 to $203. Check out all the rates here.

 

Survivors' and Dependents' Educational Assistance

A full-time student using the Survivors' and Dependents' Educational Assistance program will see their monthly payment increase from $1,265 to $1,298, while a half-time student will see an increase from $734 to $753. Check out all the rates here.

 

Post-9/11 GI Bill

The Post-9/11 GI Bill Monthly Housing Allowance and maximum amount payable for private, foreign and online schools increased on Aug. 1, 2021. Check out those rates here.

 

Did You Know?

The MOAA Scholarship Fund provides interest-free loans and scholarships to children of military families: $8.5 million of educational assistance will be provided in the 2021-2022 school year, including a record $2.6 million in grants for over 1,100 students.

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