I am an active-duty veteran eligible for benefits under the Montgomery GI Bill. Why did the amount VA is paying monthly toward my tuition go up in October?
Cost-of-living increases for the payment rates take effect each Oct. 1 with the beginning of each new federal fiscal year. A federal law bases the amount of increase for the full-time student rate on a consumer price index calculation. Certain other rates such as payments for part-time studies or for veterans who converted benefits from an earlier Vietnam-era education program are based at least in part on this full-time rate. The new monthly payment rates for those eligible at the maximum levels under VAs major Montgomery GI Bill education programs for full-time students are: for veterans of active-duty, $672; for members of the reserves or National Guard, $272; and for those covered under a program for surviving spouses and dependents of deceased veterans, $608.
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