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.

 

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