Financial Aid for Military & Veterans
Discover Your Financial Aid Options as a Service Member or Military Veteran
Are you an active service member or military veteran? If so, a range of funding opportunities may be available to you through LIBI’s participation in the Montgomery GI Bill® for both Active Duty members and Selected Reserve members, as well as the Post-9/11 GI Bill®. Continue reading to discover your financial aid opportunities.
Montgomery GI Bill® Active Duty (MGIB-AD)
The MGIB program provides up to 36 months of education benefits. This benefit may be used for degree and certificate programs, flight training, apprenticeship/on-the-job training and correspondence courses. Remedial, deficiency and refresher courses may be approved under certain circumstances. Generally, benefits are payable for 10 years following your release from active duty.
This program is also commonly known as Chapter 30.
For more information, including the Active Duty Pamphlet and Current Payment Rates click here.
Montgomery GI Bill® – Selected Reserve (MGIB-SR/Chapter 1606)
The Montgomery GI Bill® SR (Chapter 1606), is available to members of the Army, Navy, Air Force, Marine Corps, and Coast Guard Reserves, as well as the National Guard. Beside the MGIB SR, activated reserve, and Guard service members have two other GI Bill® options. The first gives those who serve continuously for 24 or more months on active duty, the option to pay into the GI Bill® for active duty (Chapter 30). The second program called the Reserve Education Assistance Program (Chapter 1607). REAP allows activated reserve and guard members up to 80 percent of the GI Bill® for active duty (Chapter 30).
This program is further explained on the REAP fact sheet (see below).
REAP (Chapter 1607) is a Department of Defense/VA education benefit program designed to provide educational assistance to members of the Reserve components called or ordered to active duty in response to a war or national emergency (contingency operation)* as declared by the President or Congress.
The Department of Veterans Affairs will administer the program and pay benefits from funds contributed by Department of Defense (DoD). However, the DoD and Department of Homeland Security will determine eligibility. REAP benefits are potentially payable from December 9, 2001 (90 days after September 11, 2001) for persons who were serving on a contingency operation on September 11, 2001 and who were in school on December 9, 2001. The Department of Defense may provide further guidance as to the retroactive nature of this program.
Note: “Contingency operations” as defined in title 10 U.S. Code means “Military operations that are designated by the Secretary of Defense as an operation in which members of the armed forces are or may become involved in military actions, operations or hostilities against an enemy of the United States or against opposing military force; or results in the call or order to, or retention on active duty of members of the uniformed services…”
The Benefit Amount
The payment amount for REAP is determined by the number of days you were activated. Each year in October REAP payment rates increase to meet the growing cost of education.
Chapter 1607 benefits cannot be used with other VA educational benefits. You must make an irrevocable election choosing which program you want your military service to count toward.
The Post-9/11 GI-BILL®
The Post-9/11 GI Bill® provides financial support for education and housing to individuals with at least 90 days of aggregate service on or after September 11, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill®.
Li Zhu, Financial Aid and Audit Information for Veterans: [email protected]
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA).