Recent VA updates:
Refund for MGIB $1200 Buy-in
The Veteran must request the refund in order to receive the refund. There is no automated system in place to refund those eligible Veterans.
The eligible Veteran can send in the request through the submit a question link, fax it to 314-552-9444, or mail in the request to St Louis.
PO BOX 66830
ST Louis MO 63166
Refund of the Montgomery GI Bill $1,200.00 buy-in for Post-9/11 GI Bill recipients?
Answer ID 949 | Published 07/28/2008 01:32 PM | Updated 08/29/2012 10:06 AM
Individuals who entered Active Duty after June 30, 1985 OR who served a combination of at least 2 years of Active Duty service and 4 years of Selected Reserve service after June 30, 1985 may qualify to receive a refund of the $1,200 deduction for the Montgomery GI Bill - Active Duty (Chapter 30) under the Post-9/11 GI Bill (Chapter 33).
- Individuals must have made an irrevocable election to use Chapter 33 by relinquishing benefits under Chapter 30 and had entitlement remaining as of the date of relinquishment of Chapter 30.
- Only individuals who actually made the contributions may receive the refund.
- Individuals must be receiving a housing allowance at the time entitlement exhausts to receive the refund.
- Individuals receiving transferred benefits are not entitled to the Chapter 30 refund.
The amount of the refund will be equal to the number of months and days the individual had remaining under Chapter 30 divided by 36 months multiplied by $1200.
For example, if an individual has 20 months and 15 days of entitlement remaining under Chapter 30 prior to relinquishing the benefit in lieu of Chapter 33, then the individual would receive $683.33 as a refund. The calculation is (20.5 divided by 36, multiplied by $1200). We converted the days of entitlement remaining into a decimal by dividing the number of days remaining into 30 days.
Department of Veterans Affairs
ELR- North & South Dakota
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