DD Form 2366-1. Montgomery GI Bill Act of 1984 (MGIB), Increased Benefit Contribution Program
DD Form 2366-1 serves as an application for the Montgomery GI Bill Act of 1984 (MGIB) Increased Benefit Contribution Program. This program allows service members to increase their monthly MGIB benefits through additional contributions.
The form comprises sections where service members can provide personal information, military service details, and their desired contribution amount. It also includes spaces for banking information and a signature.
When filling out the form, it's crucial to accurately provide personal and service-related information. Additionally, understanding the program's terms and potential benefits is essential to making informed decisions about contribution amounts.
Application Example: A service member considering higher education options after military service could use DD Form 2366-1 to contribute additional funds to the MGIB, thereby increasing the financial assistance they receive for education expenses.
No additional documents are typically required for filling out this form. An alternative form for education benefits is the Post-9/11 GI Bill (Chapter 33) application, which offers different benefits and eligibility criteria.