§ 21.5138 Computation of benefit payments and monthly rates.

Except as provided in §§ 21.5136(b)(1) and 21.5137(a), for purposes of this subpart VA will compute benefit payments and monthly rates as provided in this section. (a) Computation of entitlement factor. (1) For residence training, VA will compute an entitlement factor as follows: (2) For correspondence training, VA will compute an entitlement factor as follows: (3) For apprenticeship and other on-job training, VA will compute an entitlement factor as follows: (4) For cooperative training, VA will compute an entitlement factor as follows: (5) For flight training, VA will compute an entitlement factor as follows: (b) Computation of benefit payment. Under this section, VA will compute benefit payments as follows: (c) Monthly rates. Under this section, VA will compute the monthly rates of payment for individuals in residence training by repeating the calculations in paragraphs (b)(1) through (11) of this section except that instead of entering the entitlement factor on line f, paragraph (b)(1), VA will enter 1 for a full-time student, .75 for a three-quarter time student, .5 for a half-time student, or .25 for a one-quarter time student.