Chapter 1606 – Montgomery G.I. Bill® – Selected Reserve
This is the educational program for active members of the Selected Reserve. This includes the Army Reserve, Naval Reserve, Air Force Reserve, Marine Corps Reserve, Coast Guard Reserve, Army National Guard, and Air National Guard.
Chapter 1606 eligibility is determined by the Department of Defense or the Department of Transportation (Coast Guard), not by VA.
Basic eligibility requires a 6-year obligation to serve in the Selected Reserve and satisfactory participation in required Selected Reserve training.For more informatin check out the VA.
Chapter 1607 – Reserve Educational Assistance Program (REAP)
This is a new benefit providing educational assistance to members of the reserve components who are called to active service in response to a war or national emergency, as declared by the President or Congress.
Eligibility will by determined by the Department of Defense or Department of Homeland Security, as appropriate. A member of a reserve component who served on active duty on or after September 11, 2001 under title 10 for at least 90 consecutive days under a contingency operation is eligible for REAP.
For more information check out the VA.