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.

What Happens to the $600 I Paid If I Switch to the Post 9/11 GI Bill?

Author Ron Kness is no longer in the service.

Q: I would like to know all the differences between the two programs and also what will happen to the $600 I’ve paid into the MGIB if I transfer to Post 9/11GI Bill.

A: Your question about the $600 you paid for the Buy-Up program to get $5,400 more of educational benefits is easy to answer – if you switch to the Post 9/11 GI Bill, you lose it – your Buy-Up benefits can’t be used with the New GI Bill. However, if you decide to stay with the Montgomery GI Bill (MGIB), you would get about an extra $150 per month.

After GI Bill 2.0 was implemented, the biggest difference now between the MGIB and Post 9/11 GI Bill is the pay structure. With the MGIB, you get a fixed $1,473 per month. Out of that amount, you have to pay all your own tuition, fees, books, etc.

Under the Post 9/11 GI Bill, your tuition at a public school is paid directly by the VA. Monthly you get a housing stipend calculated on the zip code of your school, the number of credits you are taking and paid at the E-5 with dependents rate.

Once each semester, you get a book stipend paid at $41.67 per credit with an annual limit of $1,000 per year. Also keep in mind that if you decide to stay with the MGIB, once you have exhausted your entitlement, you could switch to the Post 9/11 GI Bill if eligible. Once you do that, you would get an additional 12 months of benefits, however, you wouldn’t have to worry about losing your Buy-Up benefit at that point – it would have been consumed by the time your MGIB benefits were exhausted.

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Your email address will not be published.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.