MGIB
Proper noun
Meaning
MGIB
(military, US) Initialism of Montgomery GI Bill.
Anagrams
Examples
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.
"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.
At this time, service members cannot recoup any monies paid into the MGIB program should it not be utilized.
In some states, the National Guard does offer true scholarship benefits, regardless of past or current MGIB participation.
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.
MGIB may also be used while active, which only reimburses the cost for tuition and fees.