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Montgomery GI BIll FY13 Rate Increase
 
Each year in October, the Montgomery GI Bill (MGIB) payment rates increase to meet the growing cost of education. This October the MGIB full-time student payment rate will increase to $1,564 a month for the 2013 fiscal year (2012-2013 School Year). Eligible Veterans and Soldier's can receive as much as $56,304 in cash benefits over 36 months. This new monthly payment rate applies to all MGIB users.