How Much Would My MGIB Pay for a Flight Training Course?
Q: I used my MGIB to get my AAS Degree. I now would like to know how much of my MGIB is left in order to get my pilots license. The pilot school is multiple classes for a full time schedule of six months. It totals $56,000 dollars. How much, if any, would my MGIB cover.
A: You would have to check with the VA for sure to see how much Montgomery GI Bill entitlement you have left, but an AAS degree is usually a two-year program, so you should have used up about 18 months of entitlement, which means you should have about 18 months left.
The VA will not let you use your GI Bill to get your private pilot’s license. You have to already have it, or pay the cost yourself to get it first, before the VA will pay for further flight training.
The VA views getting a private pilot’s license more as an avocation rather than a vocation. Once you have your private pilot’s license, and you want to continue with flight school, then your GI Bill will pay up to 60% of the cost of a commercial pilot course as long as you have entitlement left to use.
So at 60%, the VA would theoretically pay up to $33,600 of your $56,000 flight training program, however, assuming you have 18 months of entitlement left, that would amount to $25,668. So you have to be prepared to pay the difference between $56,000 and $25,668 (which is $30,332). Of course, if you have more or less months of entitlement left, that would alter both how much the VA and you would each have to pay.
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