Agenda Point of Contact Types of benefits available Regulatory requirements Packaging.

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Presentation transcript:

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 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 Tuition Specific Sch Pell Grant Subsidized Unsubsidized Post 9/11 GI 80% $16,000 $2,000 $3,500 $4,000 Josephine Sergeant – Post 9/11 Beneficiary, Independent 1 st 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 General Scholarship Pell Grant Subsidized Unsubsidized Post 9/11 GI 100% Yellow Ribbon $17,000 $2,000 $3,500 $4,000 Josephine Sergeant – Post 9/11 Beneficiary, Independent 1 st 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: $54,500 Comprehensive 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 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 1 st 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: $40,332 Comprehensive 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. 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, 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. SCO Handbook V3: Distance Learning and the Housing Allowance Effective October 1, 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 Tuition Specific Sch. Pell Grant Subsidized Unsubsidized Post 9/11 GI 100% Yellow Ribbon* Rosie Riveter – Post 9/11 Beneficiary, Independent 1 st 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 8/13/09 Institutions may not exclude from COA the amount of VA education benefits Student is packaged above the COA. How can this be? ED Electronic Announcement 8/13/09 Institutions 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?

Melody DeFlorio, Associate Director Norwich University Melody DeFlorio, Associate Director Norwich University