awarding our veterans and their families
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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 - PowerPoint PPT PresentationTRANSCRIPT
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?
