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Reserve GI Bill Payments
- the type of training taken
- the number of classes you are enrolled in
- participation in a college fund program
- rates are determined by Congress and usually change each fiscal year
Current payment rates can be found HERE.
Some members are eligible for college fund programs, these are usually given
to members who enlisted in specific job specialties. The college fund payments
are added to the regular GI Bill payments and are prorated the in the same
manner as regular GI Bill payments.
Payments are always issued after the month is complete, you must certify your
attendance with the VA each month. In some cases payments are issued in a lump
sum.
You can certify your attendance either online at the GI Bill website or over
the phone. If you have direct deposit, the payment usually takes about 3 working
days before it reaches your bank, if you receive a paper check it will take
up to 2 weeks to receive your check via domestic mail, longer for overseas.
You have 14 years from your date of eligibility (usually the date you completed
IADT) to use your benefits, you may have this time period extended if you have
a later period of active duty. Of course you will need to submit paperwork
to qualify for this extension. Extensions for other reasons are extremely rare,
contact your local VA office for more information.
If you terminate your drilling status your eligibility terminates, if you
leave a unit you have 1 year to rejoin another unit to retain eligibilty, if
you are discharged for a disability you may retain your eligibility.
One exception to this rule exists if you are mobilized (or recalled to active duty from your reserve status), in this case your eligibility may be extended for the amount of time you are mobilized PLUS four months. For example, if you are mobilized for 12 months your eligibility period is extended for 16 months (12 months active duty PLUS 4 months.) So even if you leave the reserves after mobilization, you may have additional eligibility to the MGIB-SR.
You are entitled to 36 months of full time benefits. This is also prorated,
for example, if you are only enrolled as a half time student you would receive
72 months of half time benefits.
Back to Reserve GI Bill Information
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