The Yellow Ribbon Program of the Post 9/11 GI Bill

by Ron Kness on June 19, 2012

If you are not familiar with it, the Yellow Ribbon Program is a unique Post 9/11 GI Bill feature that allows colleges and universities to enter into tuition-funding agreements with the Veterans Administration (VA). In these agreements, each school identifies:

– what percentage of the tuition difference they wish to contribute; they can go up to 50%;
– which programs are included; both undergraduate and graduate programs or only undergraduate;
– their annual funded maximum amount per student;
– the number of students annually accepted into the program.

The VA then agrees to pay an equal amount. Normally, for the students needing to use the Yellow Ribbon program, this leaves very little out-of-pocket costs left for them to pay.

While the Yellow Ribbon Program is a great way to maximize GI Bill benefits, it is not available to all individuals using the New GI Bill; only those at the 100% tier level may participate.

The Yellow Ribbon Program Advantage

The Yellow Ribbon Program is most beneficial if you attend:

– private school;
– graduate school;
– or pay out-of-state tuition.

Be sure to ask your school which programs are covered by their agreement and at what percentages. Under these high-tuition situations, this program can be a great financial boost with no additional reduction in entitlements.

The Yellow Ribbon Program in Dollars and Cents

Let’s briefly look at what the Yellow Ribbon Program is worth in dollars and cents. For our example, let’s say you are enrolled in a Yellow Ribbon private school and taking 12 credits per semester. Tuition and fees costs $20,000 per year.

Right now the VA will pay a maximum of $17,500 per year to attend a private school. So without the Yellow Ribbon program, you would have to pay the remaining $2,500. But if your school has a stated 50% figure in their agreement with the VA, they would waive $1,250 of the difference and the VA would pay the remaining $1,250. Sweet, right?!

If you are a financially┬ástruggling student (and who isn’t these days), the Yellow Ribbon Program can be your financial holy grail. It is a great way to keep your education costs down to a minimum.

{ 5 comments… read them below or add one }

napolena chester June 19, 2012 at 11:12 pm

i m a veteran in need of financial assistance greatly, please help.

Reply

Ron Kness July 11, 2012 at 6:08 pm

Hi Napolena. May I suggest you look into the VRAP program? If you meet the qualifications, that program could get you 12 months of education benefits paid at the rate of $1,473 per month. Plus it would train you in a high demand occupation and the agency helps place you once you are finished with your training.

If you are not eligible for VRAP, then I suggest you turn to the various veterans’ agencies for assistance.

Sincerely,

Ron

Reply

Rslan August 19, 2012 at 11:30 pm

I’m making a bunch of these right now for my two ltilte princesses and I thought I’d share a tip. When working with a glue gun I use masking tape to secure a piece of parchment paper to my work surface so that I don’t have to scrape and peel the ltilte dribbles off our dining room table (aka: my craft room!). Works for me!Thanks for this great craft idea!

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Eloise August 19, 2012 at 6:10 pm

Yea bass was so hard at cbus the balloons on the roof were popinpg before they even dropped And y’all need to cone back asap with even bigger names that way alot more people come to the show. And to everyone who was there make sure Not to fight or push again cause the stopping of the music for 20 minutes sucked major but y’all rocked the place come back soon!

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Verona August 31, 2012 at 6:58 pm

My mom is 100% DAV and I am enrolled in graduate school. Can I get my tuition paid by yellow ribbon. She entered the service in 1974 left 1992.

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