The Montgomery GI Bill benefits are some of the best-known military service benefits. In many cases there are different issues and conditions that exist in using and accessing their benefits. Many of these conditions are not as well known as the benefits themselves. Here are a few of the questions and answers that deal with the Montgomery GI Bill Program Benefits:
Is the GI Bill normally considered financial aid? No most of the time Schools do not count Military MGIB benefits as financial aid. This MGIB program is paid to the Servicemember as an individual benefit and it is paid to you, not the school. This means that you are still able to be eligible for financial aid such as loans, Pell Grants, scholarships and other types of federal financial aid.
Can I stop and start using my Montgomery GI Bill benefits? Yes, you can re apply for your MGIB benefits after you leave school and return. Many times when you re start your benefits then you have to go through the process to re apply in order to restart your benefits. Any of the benefits that you have not used remains available through the end of your eligible period.
How often will I receive payments? Most of the time you will receive benefits on a monthly benefits. Each month that you are enrolled you will have to verify your status that can be done through the Internet or by Telephone, but either way for every month that you are enrolled in classes you will be eligible and receive a payment, up to the 36-month limit. Each month that you are enrolled in classes counts as a benefit month, and you should receive payment for that month. Can I receive more than one type of VA benefit? You can only use one type of VA benefit at a time, sometimes you will receive or be eligible to receive more than one type of benefit, but you have to choose which benefit you receive at a time. You can only receive one benefit at any one time. Sometimes you can receive a benefit until it is exhausted, but still have other benefits left that you can use, but again only one at a time.
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How long does a beneficiary have to use their MGIB Benefits? As a rule, a person has ten years from the separation of service. While leaving the service begins the 10-year period, there are some things that will reset the clock on the 10-year period. If you have to rejoin the service for either voluntary or involuntary reasons for 90 days or longer, then you will have ten years from the date of your last separation.