Yellow Ribbon Program
It is a new inclusion in the GI Bill according to which all of their educational expenses will be taken care of.
It would pay for your tuition and mandatory fee, provide you a monthly living stipend of $1,200, and book and supply stipend of $1,000.
This YRP is not automatic, in order to have this program the school needs to enter into an agreement with VA to share the expenses.
Should have served an aggregate of 36 months active duty after September 10, 2001
Honorably discharged from active duty due to a service-connected disability, and served for 30 continuous day after September 10, 2001
You are eligible for Transfer of Entitlement under Post-9/11 GI Bill on a Veteran's service.
Only veterans are eligible for maximum benefits
One time relocation allowance by a benefit payment of $500
One time reimbursement of $2,000 for certification or licensing exam, work-study programs
$100 for a monthly tutorial assistance
- Full fee, book, and monthly living payment
As per the Department of Defense (DoD), they are authorized to allow individuals, who on or after August 1, 2009, have served at least 6 years in the Armed Force.
Apart from that, they have to agree to serve another 4 years in order to transfer unused amenities to their spouse.
After they both have reached 10-year anniversary; they can transfer the credit to dependent(s), spouse or Children.
How to get these benefits
Step 1 - Apply for the benefits. After that, if you are eligible you will get a Certificate of Eligibility (COE).
Step 2 - Take your COE to the school's certifying official, or any other office as determined by your school, there with that COE, they will apply you to the school's Yellow Ribbon Program.
Step 3 - Now the school will decide, the selection would be on the basis of:
Maximum number of students already enrolled in the program
The school will decide the amount by adding various benefits, the school applies the Yellow Ribbon Program benefits to its final amount
Step 4 - The school will inform you about whether you are accepted to the program or not and what is the final money you will get for tuition
This Post-9/11 GI Bill's Yellow Ribbon Program is helping veterans to get a degree from a college that they always dreamt of. This program has brought together many colleges that have shown their support for this program and the extension to this that if they want they can transfer this to their spouse or children. This has also made a world of difference to the people who are taking the benefits of this program.
1) How to know whether my school participates in the Yellow Ribbon Program?
Mostly all colleges usually say beforehand only whether they participate in this program or not. But if you want you can check them in the official website of GI Bill.
2) If I participate in the Yellow Ribbon Program this year, will I be considered next year automatically?
Not necessarily as sometimes you have to reapply for it every year.
3) Do I need to attend full time to be in the Yellow Ribbon Program?
No, to be eligible for the Yellow Ribbon Program you don't need to be a full-time student.
4) Can I receive YRP fund for the summer term?
Yes, but it depends upon your school whether they provide a fund for the summer term or not.