If I Switch to the Post 9/11 GI Bill, Do I Give Up the Montgomery GI Bill?
Q: I would like to know if i apply for the POST 911 GI BILL would still rate Montgomery GI BILL or do i sign away my right to the Montgomery GI Bill Thank you for your time.
A: If you switch to the Post 9/11 GI Bill, you lose your Montgomery GI Bill benefits as the switch is a one-way street – irrevocable and impossible to switch back. But switching to the New GI Bill can be very lucrative. For example, if you switch with all 36 months of benefits intact, once you exhaust them, you can get back your $1,200 MGIB contribution. If you come over to the Post 9/11 GI Bill with less than your full 36 months of benefits, then the amount of contribution you get back is prorated to a lesser amount.
Or you can use all of your MGIB benefits and then switch and you get an additional 12 months of education benefits. Due to the recent GI Bill 2.0 change, the Post 9/11 GI Bill is now functioning much like the MGIB except in most cases it pays much better.