New GI Bill

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meatball122
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Re: New GI Bill

Postby meatball122 » Sat Jul 16, 2011 5:07 pm

Can someone check my assumptions:

Northwestern

Northwestern Tuition: $40,000
Illinois max: $8,500 ($629/credit x 14 credits?)
Tuition Difference: $31,500

Yellow Ribbon fo NW: $10,000
Yellow Ribbon Match: $10,000
Yellow Ribbon Total: $20,000

Tuition Difference: $31,500
Yellow Ribbon Total: $20,000

Therefore, you pay: $11,500

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ScottRiqui
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Re: New GI Bill

Postby ScottRiqui » Sat Jul 16, 2011 5:59 pm

meatball122 wrote:Can someone check my assumptions:

Northwestern

Northwestern Tuition: $40,000
Illinois max: $8,500 ($629/credit x 14 credits?)
Tuition Difference: $31,500

Yellow Ribbon fo NW: $10,000
Yellow Ribbon Match: $10,000
Yellow Ribbon Total: $20,000

Tuition Difference: $31,500
Yellow Ribbon Total: $20,000

Therefore, you pay: $11,500


The Post-9/11 GI Bill no longer calculates the tuition they'll pay based on the "State cap times credit hours" formula. Now, if it's a public school, the GI Bill will pay all tuition & fees, and if it's a private school, the GI Bill will pay up to $17,500 / year. Also, don't forget that you'll receive a housing allowance as well ($1350/month, using the ZIP code for the college).

So I think the numbers would be $40k annual tuition - $17,500 annual GI Bill Benefit - $20,000 Yellow Ribbon = $2,500 cost to you for your annual tuition & fees.

Then if you get the housing allowance for nine months out of the year while school is in session, that would be $12,150 in your pocket.

meatball122
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Re: New GI Bill

Postby meatball122 » Sat Jul 16, 2011 9:00 pm

ScottRiqui wrote:
meatball122 wrote:Can someone check my assumptions:

Northwestern

Northwestern Tuition: $40,000
Illinois max: $8,500 ($629/credit x 14 credits?)
Tuition Difference: $31,500

Yellow Ribbon fo NW: $10,000
Yellow Ribbon Match: $10,000
Yellow Ribbon Total: $20,000

Tuition Difference: $31,500
Yellow Ribbon Total: $20,000

Therefore, you pay: $11,500


The Post-9/11 GI Bill no longer calculates the tuition they'll pay based on the "State cap times credit hours" formula. Now, if it's a public school, the GI Bill will pay all tuition & fees, and if it's a private school, the GI Bill will pay up to $17,500 / year. Also, don't forget that you'll receive a housing allowance as well ($1350/month, using the ZIP code for the college).

So I think the numbers would be $40k annual tuition - $17,500 annual GI Bill Benefit - $20,000 Yellow Ribbon = $2,500 cost to you for your annual tuition & fees.

Then if you get the housing allowance for nine months out of the year while school is in session, that would be $12,150 in your pocket.


Fantastic news, I do believe. $17,500 isn't too shabby!

Oh and for all you jealous civilians out there... 5 years in the Marine Corps and 3 combat deployments is one hell of a price to pay for cheap edumacation. :lol:

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ScottRiqui
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Re: New GI Bill

Postby ScottRiqui » Sat Jul 16, 2011 9:13 pm

meatball122 wrote:
ScottRiqui wrote:
meatball122 wrote:Can someone check my assumptions:

Northwestern

Northwestern Tuition: $40,000
Illinois max: $8,500 ($629/credit x 14 credits?)
Tuition Difference: $31,500

Yellow Ribbon fo NW: $10,000
Yellow Ribbon Match: $10,000
Yellow Ribbon Total: $20,000

Tuition Difference: $31,500
Yellow Ribbon Total: $20,000

Therefore, you pay: $11,500


The Post-9/11 GI Bill no longer calculates the tuition they'll pay based on the "State cap times credit hours" formula. Now, if it's a public school, the GI Bill will pay all tuition & fees, and if it's a private school, the GI Bill will pay up to $17,500 / year. Also, don't forget that you'll receive a housing allowance as well ($1350/month, using the ZIP code for the college).

So I think the numbers would be $40k annual tuition - $17,500 annual GI Bill Benefit - $20,000 Yellow Ribbon = $2,500 cost to you for your annual tuition & fees.

Then if you get the housing allowance for nine months out of the year while school is in session, that would be $12,150 in your pocket.


Fantastic news, I do believe. $17,500 isn't too shabby!

Oh and for all you jealous civilians out there... 5 years in the Marine Corps and 3 combat deployments is one hell of a price to pay for cheap edumacation. :lol:


For Illinois the new changes didn't make much difference, because under the old method, the GI Bill would have paid closer to $18,900 rather than $17,500 (figure $629/credit hour times about 30 hours for a full year's worth of courses.) So you're only about a $1000 worse off.

For states like Texas, where the old hourly cap was about $1500, the new changes are a kick in the teeth. The previous version of the bill would have paid up to $45k/year toward tuition & fees in Texas. Under the new version, public school tuition is free, but private school tuition is capped at $17,500/year. So if you were planning on going to a private school in Texas (or any other state that previously had a high hourly cap), you'll get a lot less out of the new GI Bill.

Jeffro
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Re: New GI Bill

Postby Jeffro » Fri Jul 22, 2011 12:06 am

meatball122 wrote:Can someone check my assumptions:

Northwestern

Northwestern Tuition: $40,000
Illinois max: $8,500 ($629/credit x 14 credits?)
Tuition Difference: $31,500

Yellow Ribbon fo NW: $10,000
Yellow Ribbon Match: $10,000
Yellow Ribbon Total: $20,000

Tuition Difference: $31,500
Yellow Ribbon Total: $20,000

Therefore, you pay: $11,500

In addition to what ScottRiqui has already mentioned I wanted to point out that they Yellow Ribbon for Northwestern Law is actually higher this year (assuming you are able to secure it - it's on a first come, first served basis). The law school has 10 of them at $15,000 a piece, meaning $30,000 benefits to you when VA matches.

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ScottRiqui
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Re: New GI Bill

Postby ScottRiqui » Fri Jul 22, 2011 1:29 am

Jeffro wrote:In addition to what ScottRiqui has already mentioned I wanted to point out that they Yellow Ribbon for Northwestern Law is actually higher this year (assuming you are able to secure it - it's on a first come, first served basis). The law school has 10 of them at $15,000 a piece, meaning $30,000 benefits to you when VA matches.


Have you found someplace that lists the Yellow Ribbon contributions for the 2011-2012 academic year? The G.I. Bill Website only has 2010-2011, and they list Northwestern Law as having ten slots at $10,000 each.

Also, when a school lists the number of Yellow Ribbon slots and the amount they'll pay, that's the number of slots **for a particular academic year** and not the total number of enrolled students allowed to receive Yellow Ribbon benefits. So you're not competing for slots against 2Ls and 3Ls that are already receiving Yellow Ribbon benefits.

EDIT - I think I was misreading the YRP guidelines, so I'm pretty sure this part of my post was wrong. Thanks to Rotor for pointing this out!
Last edited by ScottRiqui on Fri Jul 22, 2011 11:46 pm, edited 2 times in total.

CyLaw
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Re: New GI Bill

Postby CyLaw » Fri Jul 22, 2011 8:09 am


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Rotor
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Re: New GI Bill

Postby Rotor » Fri Jul 22, 2011 11:31 pm

ScottRiqui wrote:
Jeffro wrote:In addition to what ScottRiqui has already mentioned I wanted to point out that they Yellow Ribbon for Northwestern Law is actually higher this year (assuming you are able to secure it - it's on a first come, first served basis). The law school has 10 of them at $15,000 a piece, meaning $30,000 benefits to you when VA matches.


Have you found someplace that lists the Yellow Ribbon contributions for the 2011-2012 academic year? The G.I. Bill Website only has 2010-2011, and they list Northwestern Law as having ten slots at $10,000 each.

Also, when a school lists the number of Yellow Ribbon slots and the amount they'll pay, that's the number of slots **for a particular academic year** and not the total number of enrolled students allowed to receive Yellow Ribbon benefits. So you're not competing for slots against 2Ls and 3Ls that are already receiving Yellow Ribbon benefits.

I don't think this is true. At Berkeley--> 10=10 total not per class. But the number was set to cover what we expected so that 100% YRP eligible were covered.

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ScottRiqui
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Re: New GI Bill

Postby ScottRiqui » Fri Jul 22, 2011 11:44 pm

Rotor wrote:
ScottRiqui wrote:
Jeffro wrote:In addition to what ScottRiqui has already mentioned I wanted to point out that they Yellow Ribbon for Northwestern Law is actually higher this year (assuming you are able to secure it - it's on a first come, first served basis). The law school has 10 of them at $15,000 a piece, meaning $30,000 benefits to you when VA matches.


Have you found someplace that lists the Yellow Ribbon contributions for the 2011-2012 academic year? The G.I. Bill Website only has 2010-2011, and they list Northwestern Law as having ten slots at $10,000 each.

Also, when a school lists the number of Yellow Ribbon slots and the amount they'll pay, that's the number of slots **for a particular academic year** and not the total number of enrolled students allowed to receive Yellow Ribbon benefits. So you're not competing for slots against 2Ls and 3Ls that are already receiving Yellow Ribbon benefits.

I don't think this is true. At Berkeley--> 10=10 total not per class. But the number was set to cover what we expected so that 100% YRP eligible were covered.



I think you're right. Looking again at the YRP website, one of the university's responsibilities is to "State the maximum number of individuals for whom contributions will be made in any given academic year."

I read that to mean that the number reported would be the maximum number of students that could receive benefits per class, but your interpretation makes more sense. So if Berkeley's number is 10 for the 2010-2011 academic year, then during the course of the year, there can be up to ten students receiving YRP benefits in total, spread among all of the classes currently attending.

I'll update my earlier post - thanks.

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ScottRiqui
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Re: New GI Bill

Postby ScottRiqui » Sat Jul 23, 2011 12:01 am

CyLaw wrote:2011-2012 list is here. http://www.gibill.va.gov/gi_bill_info/c ... t_2011.htm


Thanks for that - I was on the same website, but they haven't updated their home page with links to the upcoming academic year yet.

Looking at SMU in Dallas, they've gone from 100 slots at $1840.50 each last year to "unlimited" slots at $99,999 each for the 2011-2012 year. I guess that's their response to the changes in the Post-9/11 GI Bill (which severely reduced the total payout to private schools in Texas), and they're basically guaranteeing that if you're GI Bill-eligible and YRP-eligible, you won't have any out-of-pocket expenses for tuition/fees.

That's pretty sweet, because SMU is where I'm planning on applying if my 20-year old undergraduate GPA keeps me out of UT. The original Post-9/11 GI Bill would have paid 100% at either school, but the new version of the Post-9/11 GI Bill would have left me out-of-pocket at SMU to the tune of about $16,500 per year after both the GI Bill and the YRP (ignoring the housing allowance for now). It's nice to see that SMU has upped the YRP benefits to cover the difference.

Sentience
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Re: New GI Bill

Postby Sentience » Sun Jul 31, 2011 7:48 pm

So, I have 12 months of post 911 GI Bill left, at 60% of the benefits payable.
I understand the public vs private breakdown.

What I want to understand more clearly is how the 12 months of benefits plays out considering that school is not 12 months straight, but rather about 8 months of the year (4 and 4).

I think that the BAH benefits pay only the months you are in school (i.e. I'd get 4X4X4 = 1.5 years of school with BAH), but what about the tuition payments and books?

For instance, if I am going to a public law school that is $20,000 tuition per year (I wish?), do I get $12,000 and that is all she wrote? Or, since the tuition is technically not for 12 months of class but rather 8 months, do I get another 4 months of tuition paid, viz. $6,000 (60% of a 4 month semester)? Same question for the books?

Sorry if this has been entertained already... Please help me understand. This jarhead hasn't received benefits for about 5 years since undergrad.

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jarv1506
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Re: New GI Bill

Postby jarv1506 » Sun Jul 31, 2011 8:37 pm

Sentience wrote:So, I have 12 months of post 911 GI Bill left, at 60% of the benefits payable.
I understand the public vs private breakdown.

What I want to understand more clearly is how the 12 months of benefits plays out considering that school is not 12 months straight, but rather about 8 months of the year (4 and 4).

I think that the BAH benefits pay only the months you are in school (i.e. I'd get 4X4X4 = 1.5 years of school with BAH), but what about the tuition payments and books?

For instance, if I am going to a public law school that is $20,000 tuition per year (I wish?), do I get $12,000 and that is all she wrote? Or, since the tuition is technically not for 12 months of class but rather 8 months, do I get another 4 months of tuition paid, viz. $6,000 (60% of a 4 month semester)? Same question for the books?

Sorry if this has been entertained already... Please help me understand. This jarhead hasn't received benefits for about 5 years since undergrad.


the bolded.
your benefits are only used during the time you're actually in school. so if you're in school for 8 months you only use 8 months of benefits.

Sentience
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Re: New GI Bill

Postby Sentience » Sun Jul 31, 2011 10:25 pm

jarv1506 wrote:
Sentience wrote:So, I have 12 months of post 911 GI Bill left, at 60% of the benefits payable.
I understand the public vs private breakdown.

What I want to understand more clearly is how the 12 months of benefits plays out considering that school is not 12 months straight, but rather about 8 months of the year (4 and 4).

I think that the BAH benefits pay only the months you are in school (i.e. I'd get 4X4X4 = 1.5 years of school with BAH), but what about the tuition payments and books?

For instance, if I am going to a public law school that is $20,000 tuition per year (I wish?), do I get $12,000 and that is all she wrote? Or, since the tuition is technically not for 12 months of class but rather 8 months, do I get another 4 months of tuition paid, viz. $6,000 (60% of a 4 month semester)? Same question for the books?

Sorry if this has been entertained already... Please help me understand. This jarhead hasn't received benefits for about 5 years since undergrad.


the bolded.
your benefits are only used during the time you're actually in school. so if you're in school for 8 months you only use 8 months of benefits.

Thanks.

It appears, then, that having 12 months of benefits, for me, translates into 1.5 years of law school tuition at 60% (if public school), 2 annual books/supply stipends ($600 X 2), and 12 months of the 1.5 years paid BAH. Not bad, indeed.

If these calculations appear wrong to anyone, please let me know. Thanks again, jarv.

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MURPH
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Re: New GI Bill

Postby MURPH » Tue Aug 23, 2011 5:24 pm

The VA just emailed me. They got my enrollment information from my school. Last year it took about a month for the money to arrive. I had some savings then. This year I am broke and that check from the VA is going to be a cause for celebration when it shows up in my account.

03121202698008
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Re: New GI Bill

Postby 03121202698008 » Wed Aug 24, 2011 7:18 am

MURPH wrote:The VA just emailed me. They got my enrollment information from my school. Last year it took about a month for the money to arrive. I had some savings then. This year I am broke and that check from the VA is going to be a cause for celebration when it shows up in my account.


I got my book deposit within about a week of that e-mail...so they seem to be on top of it.

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unc0mm0n1
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Re: New GI Bill

Postby unc0mm0n1 » Wed Aug 24, 2011 8:57 am

blowhard wrote:
MURPH wrote:The VA just emailed me. They got my enrollment information from my school. Last year it took about a month for the money to arrive. I had some savings then. This year I am broke and that check from the VA is going to be a cause for celebration when it shows up in my account.


I got my book deposit within about a week of that e-mail...so they seem to be on top of it.


I got an email saying I had been certified for my benefits 11 days ago but it says that I was certified starting on the 26th of August. Will I get the book stipend a week after the 26th (that's when school starts) or was I supposed to get a week from the email date? I'm just wondering should I be calling someone.

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unc0mm0n1
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Re: New GI Bill

Postby unc0mm0n1 » Wed Aug 24, 2011 10:40 am

unc0mm0n1 wrote:
blowhard wrote:
MURPH wrote:The VA just emailed me. They got my enrollment information from my school. Last year it took about a month for the money to arrive. I had some savings then. This year I am broke and that check from the VA is going to be a cause for celebration when it shows up in my account.


I got my book deposit within about a week of that e-mail...so they seem to be on top of it.


I got an email saying I had been certified for my benefits 11 days ago but it says that I was certified starting on the 26th of August. Will I get the book stipend a week after the 26th (that's when school starts) or was I supposed to get a week from the email date? I'm just wondering should I be calling someone.


Sorry I should have checked my savings account they deposited yesterday. BTW is that money taxable?

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hdivschool
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Re: New GI Bill

Postby hdivschool » Thu Aug 25, 2011 5:43 pm

unc0mm0n1 wrote:Sorry I should have checked my savings account they deposited yesterday. BTW is that money taxable?

Where did you sign up for direct deposit?

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unc0mm0n1
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Re: New GI Bill

Postby unc0mm0n1 » Thu Aug 25, 2011 10:55 pm

hdivschool wrote:
unc0mm0n1 wrote:Sorry I should have checked my savings account they deposited yesterday. BTW is that money taxable?

Where did you sign up for direct deposit?


I have no idea. Hmm Maybe when I called the VA to validate some stuff. Or maybe it was because it was the same account I used in the military. Actually I'm not a hundred percent sure. I think they may ask on the certification forms but I'm not sure.

The payment comes from the US treasury and the wierd thing is it came in two installments one for 333 dollars and the other for 667.

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MURPH
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Re: New GI Bill

Postby MURPH » Fri Aug 26, 2011 1:00 am

Vet benefits are not taxable.

03121202698008
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Re: New GI Bill

Postby 03121202698008 » Fri Aug 26, 2011 12:31 pm

unc0mm0n1 wrote:
hdivschool wrote:
unc0mm0n1 wrote:Sorry I should have checked my savings account they deposited yesterday. BTW is that money taxable?

Where did you sign up for direct deposit?


I have no idea. Hmm Maybe when I called the VA to validate some stuff. Or maybe it was because it was the same account I used in the military. Actually I'm not a hundred percent sure. I think they may ask on the certification forms but I'm not sure.

The payment comes from the US treasury and the wierd thing is it came in two installments one for 333 dollars and the other for 667.


One is your book allowance. One is probably a prorated amount of BAH.

Edit: For Direct Deposit...http://www.vba.va.gov/pubs/forms/VBA-24-0296-ARE.pdf. There are directions to do by phone or email.

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MURPH
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Re: New GI Bill

Postby MURPH » Mon Aug 29, 2011 5:50 pm

I paid my tuition via credit card. I got 25,000 points for this. If the VA reimburses me before 9/15/11, I can pay my credit card bill without any interest and collect the points.

03121202698008
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Re: New GI Bill

Postby 03121202698008 » Mon Aug 29, 2011 5:52 pm

MURPH wrote:I paid my tuition via credit card. I got 25,000 points for this. If the VA reimburses me before 9/15/11, I can pay my credit card bill without any interest and collect the points.


Uh, they pay the school direct.

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MURPH
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Re: New GI Bill

Postby MURPH » Mon Aug 29, 2011 6:01 pm

Then the school direct deposits overpayments into my bank account. It seemed like a good idea. Unless it takes to long and I have to pay interest.

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MURPH
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Re: New GI Bill

Postby MURPH » Thu Aug 23, 2012 5:55 pm

Same situation as last year. The VA knows I started school but they have not sent any funds to me yet. UCLA started the semester a week before classes started so I am hoping that the VA was notified a week earlier. That would mean my money would land in my account sometime around early to mid September. Lets use this board to keep track of how fast the VA is working this year.

BTW, since my financial aid for this (3L) year is based on what I earned during 1L and fall of 2L, I am getting more need based grants than in prior years. They don't factor GI Benefits into the calculations for awarding financial aid.




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