Proper noun
MGIB
(military, US) Initialism of Montgomery GI Bill.
Each specific program is found in its own Chapter in Title 38. Unlike scholarship programs, the MGIB requires a financial commitment from the service member. Source: Internet
"Buy-Up" option The "Buy-Up" option, also known as the "kicker", allows active duty members to forfeit up to $600 more toward their MGIB. Source: Internet
At this time, service members cannot recoup any monies paid into the MGIB program should it not be utilized. Source: Internet
In some states, the National Guard does offer true scholarship benefits, regardless of past or current MGIB participation. Source: Internet
MGIB comparison chart Other legal safeguards The State of California has an 85-15 rule that to prevent predatory for-profit colleges and "fly-by-night schools" from targeting veterans. Source: Internet
MGIB may also be used while active, which only reimburses the cost for tuition and fees. Source: Internet