American College of Education and New England College of Business just received our notification to renew our Yellow Ribbon participation with the GI Bill. We are always excited to do this to make sure that our Veterans can earn their degree with zero out pocket costs for tuition.
What will be more interesting come August is the cap moving to $17,500 per year for Veterans and how that might shrink the list of schools participating. Know that ACE and NECB will still be there and working hard for our military members.
From the VA Site:
Benefits of the Yellow Ribbon Program
•Currently the Post-9/11 GI Bill pays up to the highest public in-state undergraduate tuition and fees.
•Effective August 1, 2011 the Post-9/11 GI Bill will pay all pay:
◦all public school in-state tuition and fees or
◦up to $17,500 annually for a private school.
Your tuition and fees may exceed these amounts if you are attending a private school or are attending a public school as a nonresident student.
Institutions of Higher Learning (Degree Granting Institutions) may elect to participate in the Yellow Ribbon Program to make additional funds available for your education program without an additional charge to your GI Bill entitlement.
Institutions that voluntarily enter into a Yellow Ribbon Agreement with VA choose the amount of tuition and fees that will be contributed. VA will match that amount and issue payment directly to the institution.
Only veterans entitled to the maximum benefit rate (based on service requirements) or their designated transferees may receive this funding. Active duty servicemembers and their spouses are not eligible for this program (child transferees of active duty servicemembers may be eligible if the servicemember is qualified at the 100% rate).
Therefore, you may be eligible if:
•You served an aggregate period of active duty after September 10, 2001, of at least 36 months;
•You were honorably discharged from active duty for a service connected disability and you served 30 continuous days after September 10, 2001;
•You are a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a veteran’s service under the eligibility criteria listed above.