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Post – 9/11 GI Bill Financial Aid Presentation

Click to edit Master title style. Click to edit Master text styles Second level Third level Fourth level Fifth level. Post – 9/11 GI Bill Financial Aid Presentation. 3/13/2014. VER062509ELR. 1. Training Objectives. At the conclusion of this training, you will be able to:

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Post – 9/11 GI Bill Financial Aid Presentation

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  1. Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Post – 9/11 GI Bill Financial Aid Presentation 3/13/2014 VER062509ELR 1

  2. Training Objectives • At the conclusion of this training, you will be able to: • Understand the provisions of the Post-9/11 GI Bill • Explain the application process and reporting requirements for the Post-9/11 GI Bill • Provide training on the Post-9/11 GI Bill to Financial Aid Personnel 2

  3. Post-9/11 GI Bill Overview Eligibility and Entitlement Elections Benefit Payments Transfer of Entitlement Yellow Ribbon Program Agreements Application Procedures Reporting Procedures Payments and Overpayments Student Timeline Questions 3

  4. ELIGIBILITY & ENTITLEMENT 4

  5. Eligibility & Entitlement Individuals eligible for ch33 must have served on active duty after 09/10/01 for: • A minimum of 90 aggregate days (excluding entry level and skill training); • At least 30 continuous days if discharged for a service-connected disability. Active duty members eligible on 90th day after completion of entry level training. 5

  6. Eligibility&Entitlement • Includes entry level and skill training (2) Excludes entry level and skill training (3) If the service requirements are met at both the 80 and 70 percentage level, the maximum percentage of 70 must be applied to amounts payable 6

  7. Eligibility & Entitlement • Excluded Service: • Initial entry level and skill training must be considered when an individual has less than 30 months of active duty service unless: • All service is identified as Title 10 call-up service • The individual has at least 12 months of active duty service before 09/11/01 • Exclude initial entry level and skill training when applicable

  8. Eligibility & Entitlement 8 Generally, individuals will remain eligible for benefits for 15 years from: • Date of last discharge; or • Release from active duty service of at least 90 continuous days. If eligibility is based on aggregate service of less than 90 consecutive days, the individual will have 15 years from the last period of service used to meet the minimum service requirements for eligibility.

  9. Eligibility & Entitlement • Individuals are generally entitled to 36 months of benefits. • Individual may not use more than 48 months of entitlement under two or more programs. • Individuals eligible for ch30, ch1606, or ch1607, on or after 08/01/09, must relinquish a benefit to receive ch33. • Individuals eligible for more than one benefit only have to relinquish one benefit to receive ch33. 9

  10. Eligibility & Entitlement 10 Exception • Individuals who have used ch30 entitlement and elect to relinquish ch30 to receive ch33 are only entitled to the number of remaining months of ch30 benefits. • This provision applies when an individual: • Is eligible for ch33 and ch30 on August 1, 2009 • Elects to receive ch33 benefits in lieu of ch30 benefits

  11. Eligibility & Entitlement 11 • An individual who exhausts ch30 prior to electing ch33 may receive up to 12 months of additional benefits. • Ch30 entitlement must be exhausted prior to the effective date of the election.

  12. Eligibility & Entitlement 12 • Individuals are only limited to their remaining ch30 entitlement if they haveused entitlement. • Individuals who have not used entitlement may receive up to 36 months under ch33.

  13. ELECTIONS 13

  14. Elections • Individuals eligible for one of the following benefits on or after 08/01/09 may be required to make an irrevocable election to receive benefits under ch33: • ch30-Montgomery GI Bill • ch1606-Montgomery GI Bill-Selected Reserve • ch1607-Reserve Educational Assistance Program 14

  15. Election Decisions Individuals need to determine which VA benefit is more advantageous to them? Eligibility for other VA benefits Benefit Level Other Financial Assistance State Will entitlement to that aid change Type of training they intend to pursue? Exclusively on-line Covered under ch33

  16. Election Decisions Delimiting Date In the Armed Forces on 08-01-09 Eligibility to TOE Remaining entitlement under other VA Benefits Want to use that entitlement before using Post-9/11 GI Bill Desire to attend school at half-time or less 16

  17. Elections 17 Individuals electing ch33 benefits will begin receiving payment the later of: • • August 1, 2009 (when an earlier date or no date is elected) • • Effective date of eligibility • • Effective date of election

  18. Elections • An individual who relinquishes eligibility under ch30, ch1606, or ch1607 may receive benefits for approved programs not offered by IHLs (i.e. flight, correspondence, Apprenticeship/On-the-Job Training, preparatory courses, national tests, and accelerated payments at an IHL) • Individuals will be paid as if they are still receiving benefits under the relinquished benefit, however, their entitlement will be charged under ch33. • The monthly housing allowance and the books and supplies stipend are not payable 18

  19. ElectionsExample 1 • The highest in-state tuition for Georgia is $203 per credit hour • The maximum fees per term for Georgia is $15,401 • The housing allowance based on the school’s zip code is $1,208 • The Fall term is from August 15, 2009 – December 22, 2009 • Peter was certified as follows: • # Credit hoursTuition ChargedFees charged • 12 credit hours $1,200 $400 • The charged tuition is $100 per credit hour, which is less than the in-state maximum. The charged fees are also less than the in-state maximum. Peter is entitled to the applicable percentage of his total charges. 19

  20. ElectionsCalculation 1 Ch33 Payment Tuition and fees 50% X ($1,200 + 400) $800.00 Housing allowance 50% X ($1,208 /30) X 127 $2,556.93 Books and supplies 50% X (12 X $41.67) $250.02 3,606.95 Ch30 Payment ($1,321/30) X 127 $5,592.23 Peter will receive more money for his enrollment if he continues to use his ch30 benefits. 20

  21. BENEFIT PAYMENTS 21

  22. Benefit Payments • Individuals eligible at the maximum benefit level may receive 100% of the benefits payable • All others receive a percentage based on their length of service • An individual enrolled at a public institution will be responsible for the difference between actual charges and the percentage of benefits due based on their length of service 22

  23. Benefit Payments • Tuition and Fees • Yellow Ribbon • Monthly Housing Allowance • Books and Supplies Stipend • College Fund “Kickers” and Buy-up • Licensing and Certification Tests • Rural Benefit • Other Benefits 23

  24. Benefit Payments • Individuals eligible for ch33 may be entitled to multiple payment types; • Each payment type will be calculated and issued separately; • An individual’s rate of pursuit may be considered to determine eligibility and/or payment amounts; • Payments for tuition and fees and the Yellow Ribbon Program will be issued to the school on behalf of the eligible individual; • All other payments will be issued directly to the eligible individual. 24

  25. Benefit Payments • Rate of Pursuit • The measurement obtained by dividing the number of credit hours pursued (including distance learning, refresher, remedial and deficiency hours) by the number of credit hours considered to be full-time training at the institution the individual is enrolled • Equivalent credit hours (ECH) must be calculated prior to determining rate of pursuit • Institution must specify the full-time measurement for all graduate level training 25

  26. Benefit Payments 26 Rate of Pursuit Example Standard term: Full time is 12 credit hours Student is pursuing 8 credit hours 8 ÷12 = 0.66667 Rate of pursuit is 67%

  27. Benefit Payments 27 Rate of Pursuit Non-standard term: • Equivalent Credit Hours (ECH) must be computed first • ECH will be divided by the number of credit hours considered to be full time at the institution to determine the rate of pursuit.

  28. Benefit Payments 28 Rate of Pursuit Example Non-standard term: Full time is 12 credit hours Student is pursuing 3 credit hours over an 8-week semester ECH = 6.75 6.75 ÷ 12 = 0.56000 Rate of pursuit is 56%

  29. Benefit Payments 29 Rate of Pursuit Conversion of clock hours to credit hours Step 1: Divide the number of semester or quarter hours required for full-time attendance by the number of clock hours required for full-time attendance Step 2: Multiply the result by the number of clock hours in which the student is enrolled

  30. Benefit Payments 30 Rate of Pursuit Example Conversion of clock hours to credit hours Full time is 12 credit hours or 22 clock hours Student is pursuing 6 clock hours Step 1: 12 ÷ 22 = 0.54545 Step 2: 0.54545 X 6 = 3.27270 Credit hour conversion = 3.3

  31. TUITION AND FEES

  32. Tuition and Fees • Individuals on active duty are eligible for the lesser of: • Tuition and fees charged; or • The amount of charges that exceed the amount paid by the military’s federal tuition assistance • Individuals not on active duty are eligible for the applicable percentage (based on aggregate active duty service) or the lesser of: • Tuition and fees charged; or • Highest amount of tuition and fees charged for full-time, undergraduate training at a public institution of higher learning in the state the individual is enrolled. 32

  33. Tuition is the actual established charges for tuition that similarly circumstanced non-veterans enrolled in a program of education are required to pay. Tuition and Fees 33

  34. Tuition and Fees Fees are defined as mandatory charges (other than tuition, room, and board) that are applied by the institution of higher learning for pursuit of an approved program of education and include, but are not limited to: • Health premiums • Freshman fees • Graduation fees • Lab fees Does not include study abroad course(s) unless the course(s) is a mandatory requirement for completion of the approved program of education. 34

  35. Tuition and Fees 35 Institutions must report tuition and fees separately on VA Form 22-1999, Enrollment Certification A spreadsheet containing the highest in state tuition per credit hour and the highest fees per term is posted on the GI Bill website Tuition and fees payable are calculated separately VA compares actual tuition charged per credit hour vs. maximum in-State tuition per credit hour and then pays the lesser amount

  36. Tuition and Fees 36

  37. Tuition and Fees 37 To calculate tuition payable: Tuition – Step 1 • Multiply the highest public in state tuition charged per credit hour (obtained from the GI Bill website) by the number of credit hours enrolled • This provides the maximum tuition amount payable for that term, quarter, or semester

  38. Tuition and Fees • Tuition – Step 2 • Compare the result from Tuition – Step 1 with the tuition reported by the institution on the enrollment certification • Pay the lesser of tuition reported by the institution or the maximum rate payable calculated in Tuition – Step 1 38

  39. Tuition and Fees 39 To calculate fees payable: Fees – Step 1 • Determine the highest public in state fees charged (obtained from the GI Bill website) • This provides the maximum fees payable

  40. Tuition and Fees Fees – Step 2 • Compare the result from Fees – Step 1 with the fees reported on the enrollment certification • Pay the lesser of fees reported by the institution or the maximum rate payable calculated in Fees – Step 1 40

  41. Tuition and Fees To calculate tuition and fees payable: • Add the tuition payable and the fees payable • Multiply the total tuition and fees payable by the individual’s benefit level • The result is the amount of tuition and fees payable to the institution 41

  42. Tuition and FeesExample 2 Status: Active duty Benefit Level: N/A Highest in state maximum charged per credit hour: N/A Tuition Charged: $25,000 Fees Charged: $0 Number of hours enrolled: 12 Tuition Assistance: $0 Result: Tuition and fee payment to the institution is $25,000 because the individual is on active duty. 42

  43. Tuition and FeesExample 3 Status: Active duty Benefit Level: N/A Highest in state maximum charged per credit hour: N/A Tuition charged: $25,000 Fees charged: $0 Number of hours enrolled: 10 Tuition Assistance: $2,500 Result: ($25,000 - $2,500 = $22,500) Tuition and fee payment to the institution is $22,500tion and 43

  44. Tuition and FeesExample 4 Status: Veteran Benefit Level : 100% Highest in state maximum charged per credit hour: $300 Highest in state fees: $3,000 Tuition charged: $18,000 Fees charged: $2,000 Number of hours enrolled: 12 44

  45. Tuition and FeesCalculation 4 Calculation: Step 1 - Determine tuition cap $300 X 12 = $3,600 Step 2 - Compare tuition $3,600 vs. $18,000 pay the lesser: $3,600 Step 3 - Determine fee cap $3,000 (Highest in state fees) Step 4 - Compare fees $3,000 vs. $2,000 pay the lesser: $2,000 Step 5 - Add and multiply by benefit level $3,600 + $2,000 = $5,600 $5,600 x 100% = $5,600 RESULT: Tuition and fee payment to school is $5,600. 45

  46. Tuition and FeesExample 5 46 Status: Veteran Eligibility Percentage: 60% Highest in state maximum charged per credit hour: $500 Highest in state fees: $200 Tuition charged: $5,000 Fees charged: $350 Number of hours enrolled: 12

  47. Tuition and FeesCalculation 5 Calculation: Step 1 - Determine tuition cap $500 X 12 = $6,000 Step 2 - Compare tuition $6,000 vs. $5,000 pay the lesser: $5,000 Step 3 - Determine fee cap $200 (Highest in state fees) Step 4 - Compare fees $200 vs. $350 pay the lesser: $200 Step 5 - Add and multiply by benefit level $5,000 + $200 = $5,200 $5,200 x 60% = $3,120 RESULT: Tuition and fee payment to school is $3,120. 47

  48. YELLOW RIBBON PROGRAM 48

  49. Yellow Ribbon Program • Institutions within the U.S. may voluntarily enter into an agreement with VA to fund tuition and fee costs that exceed the highest public in-state undergraduate tuition and fees • Provides additional funding for: • Training at private institutions • Graduate training • Out-of-state tuition 49

  50. Yellow Ribbon Program 50 Only individuals (including transferees) entitled at the 100% benefit level may receive this funding • Individuals who served at least 30 continuous days on active duty, and discharged due to service-connected disability • Individuals who served at least 36 months or more on active duty

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