Some Soldiers eligible for MGIB benefits transfer.
Enlisted Soldiers who have completed at least six years of service, reenlist for a minimum of four years, qualify for a Selective Reenlistment Bonus (SRB), and are entitled to a Zone B or Zone C bonus will have the option to transfer up to 18 of 36 months of their MGIB entitlement. Soldiers can choose between a full SRB or a slightly reduced SRB plus the ability to transfer more than $18,000 in benefits.
The fiscal 2006 basic MGIB monthly benefit for fulltime training is currently $1,034. This benefit is also available but prorated for part-time enrollment.
Soldiers who elected the Army College Fund (ACF) as an enlistment option and/ or have enrolled and paid toward the $600 MGIB Additional Opportunity can include their expanded benefit (MGIB, ACF and MGIB Additional Opportunity) in the transferability program.
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|Date:||May 1, 2006|
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