Those using the Montgomery GI Bill can expect to see an increase in monthly GI Bill payments starting in October 2022. Fiscal 2023 GI Bill payments are increasing by nearly three percent from last year thanks to the annual Cost-Of-Living Adjustment or COLA.
Montgomery GI Bill
The Montgomery GI Bill is an education benefit offered by the Department of Veterans Affairs. Those who serve a minimum amount of time on Active Duty qualified for this benefit provided they opted in during basic training or in their initial enlistment. The Montgomery GI Bill program is closed to new recruits (see below); you… Read more »
The GI Bill is one of the most popular military benefits. Created to help service members returning from World War Two, the Servicemen’s Readjustment Act of 1944, also known as the “GI Bill of Rights” created a program with features that we know today as the GI Bill.