Children of veterans who have either died, been permanently disabled, are missing, or otherwise unfit to work or serve in any capacity are eligible for educational assistance.

The educational assistance allowance shall be paid at the monthly rate of $588 for full-time, $441 for three-quarter-time, or $294 for half-time pursuit.

(2) The educational assistance allowance on behalf of an eligible person pursuing a program of education on less than a half-time basis shall be paid at the rate of

• The established charges for tuition and fees that the educational institution involved requires similarly circumstanced nonveterans enrolled in the same program to pay, or
• $588 per month for a full-time course, whichever is the lesser.

The educational assistance allowance to be paid on behalf of an eligible person who is pursuing a full-time program of education which consists of institutional courses and alternate phases of training in a business or industrial establishment with the training in the business or industrial establishment being strictly supplemental to the institutional portion, shall be $588 per month.