Yellow Ribbon Program Makes School More Affordable for Vets

Military service member saluting the U.S. flagThe Post-9/11 Veterans Educational Assistance Act of 2008 created a new way to help members of the military pay for school.

Currently the the Post-9/11 GI Bill pays up to the highest public in-state undergraduate tuition and fees. However, if you’re heading to a private college, going to grad school, and/or are not qualified to pay in-state tuition, your expenses may exceed the GI Bill benefit. The Yellow Ribbon Program — taking effect at participating schools on August 1st, 2009 — attempts to close the gap between GI Bill education benefits, and the true cost of many educational opportunities.

As part of the Yellow Ribbon Program, schools can volunteer to contribute up to 50 percent of that gap between their own costs and the highest public in-state undergraduate tuition and fees. The government then matches the school’s Continue reading

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