Montgomery GI Bill Integration Act of 2007 - Recodifies under federal veterans' benefits provisions former federal armed forces provisions relating to educational assistance programs for members of the reserve components. Increases monthly educational assistance benefit amounts. Includes under such recodification provisions concerning Selected Reserve educational assistance allowances for: (1) apprenticeships and on-the-job training; (2) correspondence courses; (3) flight training; (4) tutorial assistance; (5) courses beyond the baccalaureate degree level; (6) persons with skills or specialties for which there is a critical shortage; and (7) licensing and certification tests. Extends the time limitation for the use of such entitlement to the earlier of 14 years after the person first becomes entitled to such assistance or the date upon which the person is separated from the Selected Reserve (currently, ten years after the person first becomes entitled to such assistance).
Extends the time limitation for the use of the Ready Reserve educational assistance entitlement to ten years after separation from the Ready Reserve.