What does a “month” of benefits mean?
For Veterans: Every time you use the current FY maximum “payment rate” ($1075) of MGIB benefits you use a month. Here is what the VA says: If a veteran receives $4300, and the current full-time payment rate is $1075, divide $4300 by $1075. The veteran will be charged 4 months of the 36 months of benefits. However for Active Duty: If you are on active duty and you go to school full-time for 4 months, but your tuition is only $1,000, you will still be charged for 4 months of your GI Bill 36 month entitlement. Note: It only pays to use your GI Bill on active duty if your tuition costs are high or you use it as Top-up. How is Top-up charged against my GI Bill Benefit? If you receive $537 for Top-Up, and your full-time rate is $1075, divide $537 by $1075. Your entitlement charge is one-half month. How often will I receive payments? In most cases you will receive your benefits on a monthly basis. However each month that you are enrolled in classes you are required to verify your “status” thi
For Veterans: Every time you use the current Fiscal Year (FY) maximum “payment rate” of MGIB benefits you use a month. Here is what the VA says: “If you are a veteran and you receive $4,136, and your full-time MGIB rate is $1,034, divide $4,136 by $1,034. Your entitlement charge is four months. However for active duty: If you are on active duty and you go to school full-time for four months, but your tuition is only $1,000, you will still be charged for four months of your GI Bill 36 month entitlement. **Please note: It only pays to use your GI Bill on active duty if your tuition costs are high or you use it as Top-up.
