unc0mm0n1 wrote: ScottRiqui wrote: unc0mm0n1 wrote:
ScottRiqui wrote:Do schools you've applied to generally know if you'll be attending under the GI Bill?
If the current trend of reduced numbers of applicants pushes schools to offer more scholarship money in an effort to attract better students and keep their numbers up, I can't help but think that an applicant who's having Uncle Sam cover potentially 75-100% of the tuition/fees is going to look even more attractive, since the school wouldn't have to offer nearly as much of a scholarship as an enticement.
Yeah but you still get some of the scholly money. For instance I got a full ride to Berkeley (I didn't take it), they would have paid me an additional 2k a month on top of the BAH because of my scholarship. It only covers up to the cost of attendance but still that's a nice chunk of change the school is paying out.
So was the offer from Berkeley a full ride plus a $2000/month stipend, or did the $2000/month somehow come from the GI Bill?
This is how it worked out.
Because Berkeley is a state school the post 9/11 GI Bill covered tuition. Based on Berkeley's location I would get BAH of 2300/month. Now I also received a full ride (~150k) but the tuition is already paid so the scholarship didn't have to pay that. What the financial aid office told me was they would subtract the tuition from total cost of attendance. And award me the difference. So for this year tuition is 50k and COA is 73k. The difference is 23k. divide that by 9 months and it comes out to about 2550 a month PLUS
BAH for a total of about 4850 a month. Which is still a good deal for them because instead of paying me 150k they only pay out about 70k. I also had a similar deal at a few other schools but of all the schools that I would have made a substantial amount of money, I liked Berkeley the best. Believe me it was very very difficult to turn down.
Okay, that makes sense. I'm assuming this was last cycle though (or earlier), because recent changes to the GI Bill mean that the government is now the "last payer". In other words, the GI Bill will only pay for what's left over after all scholarships are deducted from the tuition/fees
, subject to the private school cap, if applicable.
If you were to receive a similar full-ride offer today, what would happen is that the government would see the full ride scholarship and say "looks like you don't need any GI Bill money for tuition/fees, so you'll get your BAH and book allowance, and that's it."