2022 AFBA Financial Planning Guide

to contribute, up to the total cost of the tuition and fees. Only veterans entitled to the maximum benefit rate, as determined by service requirements, or their designated transferees may receive this funding. Recipients of the Fry Scholarship and Purple Heart are also covered under the Yellow Ribbon Program. ROTC & Academy Graduates. Officers who graduated from service academies or received ROTC scholarships qualify for the Post-9/11 GI Bill benefit. However, time spent satisfying the ROTC/service academy active duty obligation does not count toward the active duty service necessary to qualify for education benefits. Montgomery GI Bill–Active Duty. The MGIB program provides up to 36 months of education benefits to eligible veterans and service members who have at least 2 years of active duty. This benefit may be used for degree and certificate programs, flight training, apprenticeship/on- the-job training and correspondence courses. Educational institutions approved for training include colleges, universities, business and technical schools, and other schools providing education at a secondary or higher level. Additionally, selected correspondence, co-op and on–the–job training programs may be eligible for support. Benefits under the MGIB are on a contribution basis. You must contribute $100 of pay each month during your first year of active service (a maximum contribution of $1,200). The table below outlines the current benefit rates for

The program provides up to 36 months of benefits. The table below specifies the percentage of allowance payable for various periods of active service.

Individuals serving an aggregate period of active duty after September 10, 2001, of

Percentage of Maximum Benefit Payable

At least 36 months


At least 30 continuous days and discharged due to service- connected disability At least 30 months < 36 months At least 24 months < 30 months At least 18 months < 24 months At least 6 months < 18 months At least 90 days < 6 months


90% 80% 70% 60% 50%

Service members and honorably discharged veterans who were awarded a Purple Heart on or after September 11, 2001 are entitled to Post-9/11 GI Bill benefits at the 100-percent benefit level for up to 36 months. Dependent Transfer. Both active duty and members of the Selected Reserve may elect to transfer their Post-9/11 educational benefits to either their spouse and/or dependent children. Service members must have a minimum of 6 years of service with an agreement to serve for an additional 4 years. Transfers are limited to service members with less than 16 years of total active-duty or selected reserve service. Additional information can be obtained at www.benefits.va.gov/GIBILL/post911_transfer.asp . Fry Scholarship. This is an amendment to the Post-9/11 GI Bill that makes education benefits available to the surviving spouse and children of service members who die in the line of duty after Sept. 10, 2001. Eligible dependents are entitled to 36 months of benefits at the 100% level of the Post-9/11 GI Bill. This includes the tuition and fee payment, a monthly housing allowance, and a books and supplies stipend. Children are eligible for this benefit until their 33rd birthday. A spouse will lose eligibility to this benefit if he or she remarries within 15 years of the service member’s death. Yellow Ribbon Program. The Post-9/11 GI Bill can cover all tuition and fees at public degree granting schools, but may not cover all private and foreign degree granting schools. The Yellow Ribbon Program provides additional support in those situations. Institutions voluntarily enter into an agreement with the VA to fund uncovered charges. The VA matches each dollar of unmet charges the institution agrees

Basic Monthly Rates — MGIB AD (with three or more years of active duty)

Three- Quarter Time

One- Half Time

Type of Training Full Time





Tuition and fees not to exceed $1,075 for less than half-time but more than quarter time; $537.50 for quarter time.

Less Than Half-Time


$2,150 (Full time only)

Correspondence & Flight Training

Entitlement charged at the rate of one month for each $2,150 paid.

First 6 months: $1,612.50

Second 6 months: $1,182.50

Remainder of program: $752.50

Apprenticeship & On-Job Training


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