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What is the Montgomery GI Bill (MGIB) Buy-Up program?

April 26, 2017buy-up GI MGIB Montgomery program

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What is the Montgomery GI Bill (MGIB) Buy-Up program?

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Active duty members whose original federal education benefit program is the MGIB program may make an additional contribution (buy up) of up to $600 to receive an increased monthly benefit. The MGIB benefit will increase by $1 for 36 months for each additional $4 contributes. For example, if a member contributes the entire $600 additional amount, the monthly MGIB benefit will be increased by $150 per month. Participants can only draw this benefit after paying the required $1200 and serving a minimum of two years. Please refer to MARADMIN 208/01 or visit your base education center for more information.