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Education: GI Bill Rate Increase!
The Fiscal Year 2006 GI Bill Payment Rates
Each year the Department of Veterans Affairs readjusts the GI Bill Basic Payment
rate to reflect the increased cost of education tuition and other expenses
associated with pursuing a college degree. The rate increase effects all GI Bill
benefit programs including Active Duty GI Bill Chapter 30, Reserve GI Bill
chapters 1606 and 1607, the GI Bill OJT and Apprenticeship program and the
Survivors and Dependents Education Assistance (DEA) program.
Over $1000 a Month
GI Bill Benefits can now pay you over $1000 a month. Use it to earn your
undergraduate or graduate degree, or towards vocational training. Get free
information today.
The Payment Rate Increases
The basic payment rates will increase on October 1st for each program as
follows:
Active Duty GI Bill will increase from $1004 a month for a full-time student to
$1034 a month.
Selective Reserve (S.R.) GI BIll will go from $288 a month to $297.
Activated Reserve GI Bill is will be up to $827 depending on the length of
activation.
GI Bill OJT and Apprenticeship program jumps from $753 ($216 for S.R.) to
$878.90 ( $252.45 for S.R.)
The DEA rate increases to $827 a month.
Note: these numbers are based on the 2006 Full-time student rate. Click here for
more details and to see the rates for half time and part-time students.
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