Cost of living increase

Montgomery GI Bill

Montgomery GI Bill COLA Increases for FY 2023

Those using the Montgomery GI Bill can expect to see an increase in monthly GI Bill payments starting in October 2022. Fiscal 2023 GI Bill payments are increasing by nearly three percent from last year thanks to the annual Cost-Of-Living Adjustment or COLA. Those using the Post 9/11 GI Bill have already received their COLA…. Read more »