This just sent to me, hope everybody is tracking:
Recent changes regarding payments and processing of Post 9/11 GI Bill (Chapter 33) claims.
New Annual Cap Amount
Effective Aug. 1, 2012, the Annual Cap for tuition and fees at private schools and non-degree schools has been increased to $18,077.50 (for those students eligible at the 100% level). (There has been no change for public degree granting schools: students will be entitled to receive the In-State tuition and fees.)
<<Annual Cap for all Tiers.ppt>>
Monthly Housing Payment Rates
Also effective Aug. 1, 2012 the Monthly Housing Allowance will be based on the 2012 BAH rates.
Books and T&F Payment Schedules
The Books and Supplies payment and the Tuition and Fees payment (and Yellow Ribbon payment) for each term will not be released more than 14 days prior to the beginning of that term. Payments processed more than 14 days prior to the beginning of a term will be set up on a payment schedule to be released from VA no more than 14 days prior to the beginning of that term. This includes mini-terms that may have been certified with a standard term or multiple terms with varying begin dates.
For example: An enrollment that is processed on Aug. 1, 2012 for a term that begins Aug. 25, 2012 will mean that the Books and Supplies and Tuition and Fees payments will not be released until Aug. 11, 2012.
Example of multiple terms:
Term Dates Payments Scheduled
08-25-12 to 10-01-12 08-11-12
10-13-12 to 11-14-12 09-30-12
11-17-12 to 12-18-12 11-03-12
Also effective Aug. 1, 2012 Chapter 33 students will only be entitled to a kicker (commonly referred to as a college fund) for the benefit that they relinquished when they elected Chapter 33.
For example: If a student was eligible for a MGIB Chapter 30 and a MGIB-SR Chapter 1606 kicker and they relinquished MGIB Chapter 30 when they elected Chapter 33, the student would no longer be eligible to receive the Chapter 1606 under Chapter 33 (prior to Aug. 1, 2012 they would have been paid both kickers under Chapter 33). Affected students will be sent a letter detailing this action and what they need to do if they disagree with this decision. Please refer students to the http://www.gibill.va.gov website or the 1-888-442-4551 Toll Free number if they have questions about their kickers.
I apologize for the short notice, but the installation of the processing changes only occurred this past weekend and I was just recently made aware of the impact of these changes.
Eligibility Tier Max T&F Payable/Year
50% $ 9,038.75
40% $ 7,231.00
In general, VA will pay the lesser of the net T&Fs or the individual’s annual cap rate for all Ch33 students
Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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