Download - Awarding our Veterans and their Families
Awarding our Veterans and their Families
Agenda
• Point of Contact
• Types of benefits available
• Regulatory requirements
• Packaging
Who are our veteran beneficiaries?
• Nontraditional students whose academic paths are shaped
by military service
• Persist in their education despite numerous challenges
• Are largely enrolling in and graduating from public schools
• Pursue high-growth, high-demand fields
• Use benefits to achieve higher levels of education
Student Veteran Graduation Rate**SVA Million Records Project
Who is our point of contact?
• Certifying official
• Director
• Veterans Affairs
• Advisor
• Other
Putting it all Together
Tuition/Fees
Room & Board
Books & Suppl.
Transportation
Miscellaneous
$30,000
$12,000
$2,000
$1,000
$1,000
Tuition Specific Sch
Pell Grant
Subsidized
Unsubsidized
Post 9/11 GI Bill @ 80%
$16,000
$2,000
$3,500
$4,000
Josephine Sergeant – Post 9/11 Beneficiary, Independent 1st year student
VA says it will give Josephine up to 80% of annual cap ($20,235) after her scholarship has been applied:
$11,200
Total: $34,900
$30,000 - $16,000 = $14,000 $14,000 x $80% = $11,200
Comprehensive costs: $46,000
Putting it all Together
Tuition/Fees
Room & Board
Books & Suppl.
Transportation
Miscellaneous
$30,000
$12,000
$2,000
$1,000
$1,000
General Scholarship
Pell Grant
Subsidized
Unsubsidized
Post 9/11 GI Bill @ 100%
Yellow Ribbon
$17,000
$2,000
$3,500
$4,000
Josephine Sergeant – Post 9/11 Beneficiary, Independent 1st year student
VA says it will give Josephine 100% of cost of tuition (capped at $20,235) but scholarship can be applied towards all comprehensive costs including books. She was also awarded a Yellow Ribbon scholarship:
$46,000 – $17,000 = $29,000
$20,235
$8,765
Total: $54,500Comprehensive costs: $46,000
$29,000 - $20,235 = $8,765
Putting it all Together
Tuition/Fees
Room & Board
Books & Suppl.
Transportation
Miscellaneous
$30,000
$12,000
$2,000
$1,000
$1,000
Tuition Specific Sch.
Pell Grant
Subsidized
Unsubsidized
Montgomery GI Bill
$16,000
$2,000
$3,500
$4,000
Pedro Jiminez – Montgomery GI Bill Beneficiary, Independent 1st year student
VA says it will give Pedro his full monthly benefit of $1,648 each month enrolled full-time, regardless of any other scholarships applied. Pedro will be taking 9 months of classes.
$1,648 x 9 months = $14,832
$14,832
Total: $40,332Comprehensive costs: $46,000
The Veteran’s Award: Housing Allowance
HEA Sec. 472: Cost of Attendance and BAH
For students living in housing located on a military base or housing for which they receive a military housing allowance (Basic Allowance for Housing,
“BAH”), the room and board COA component shall include an allowance for board only.
The Veteran’s Award: Housing Allowance
SCO Handbook V3: Distance Learning and the Housing Allowance
Effective October 1, 2011. Individuals only enrolled in distance learning courses will be eligible for a monthly
housing allowance equal to 50% of the national average of all Basic Allowances for Housing.
Putting it all Together
Tuition/Fees
Room & Board
Books & Suppl.
Transportation
Miscellaneous
$30,000
$12,000
$2,000
$1,000
$1,000
Tuition Specific Sch.
Pell Grant
Subsidized
Unsubsidized
Post 9/11 GI Bill @ 100%
Yellow Ribbon*
Rosie Riveter – Post 9/11 Beneficiary, Independent 1st year student, distance learner living on military base
$16,000
$2,000
$3,500
$4,000
Total: $39,500
$5,000
$40,000
VA Pays 100% of tuition minus scholarship $30,000 - $16,000 = $14,000
$14,000
None
Comprehensive Costs
*Rosie is still active duty, so therefore ineligible for Yellow Ribbon funds
Student is packaged above the COA. How can this be?
ED Electronic Announcement 8/13/09Institutions may not exclude from COA the
amount of VA education benefits
VA Awarding Considerations
• Limiting veteran student loan debt
• Transparency surrounding the combination of VA
Benefits with institutional aid
• Gap between FAFSA and VONAPP: how to identify
students sooner
QUESTIONS?
