This website is not affiliated with the U.S. government or military. All proceeds from the operation of this site are donated to veteran and other charities.

Can I Still Pay Into the Buy-Up Program to Increase My Montgomery GI Bill Payment?

Author Ron Kness is no longer in the service.

Q: I am getting ready to retire next year and plan to use my MGIB benefits for 36 months and then the extra 12 months of Post 9/11. I have read some information on a buy up program for an extra $600. I cannot find anything on how to apply for that option. Can I just go to my administration office for the necessary forms? – Jason

A: You can pay your Buy-Up Program contribution Jason by filling out and submitting DD-2366-1 though your Orderly Room. Just so you know, you can contribute anywhere from $20 to the full $600. By contributing the maximum amount, you would get an additional $5,400 in additional school money (or about $150 per month as a full-time student for 36 months) above and beyond what you get from the Montgomery GI Bill (MGIB). Your MGIB and Buy-Up would run out at the same time.

Right now the MGIB is paying $1,648 per month, so the Buy-Up would push your total amount up to $1,798 per month.

When you would start using your MGIB, be sure to send in copies of your LES (if you pay through payroll deduction), or a copy of your DD Form 1131 (if you made a lump sum payment) along with your VA Form 22-1990. That is the only way the VA knows you have made a Buy-Up Program contribution and it is the trigger to pay you the additional amount each month while in school.

Oh … and just so you know, the Buy-Up program cannot be used with the Post 9/11 GI Bill. So if you would happen to switch to it before you exhaust your MGIB, you would lose what you had left in your Buy-Up Program and you would not get any of that contribution back either.

Leave a Reply

Your email address will not be published. Required fields are marked *

Important Information: We strive to provide information on this website that is accurate, complete and timely, but we make no guarantees about the information, the selection of schools, school accreditation status, the availability of or eligibility for financial aid, employment opportunities or education or salary outcomes. Visit here for important information on these topics.