ScottRiqui wrote:Rotor wrote:ScottRiqui wrote:TheSpanishMain wrote:Anyone had any experience with what happens when the GI Bill + a school scholarship = more than your total bill? If that results in a credit to your student account, does the excess just go back to the VA, or does the student see any of that?
Assuming you're talking about the Post-9/11 GI Bill, it's changed, and now it's the "last payer". So, all scholarships and other reductions to tuition/fees are applied to your bill *before* the GI Bill pays out anything. As such, there's no way to have any "left over" to either "go back" to the VA or to the student.
Quick example: $40k/year tuition/fees at a private school, $19k/year GI bill contribution, and a $25k/year scholarship:
$40k bill minus $25k scholarship equals $15k, which is below the GI Bill contribution limit. The GI Bill pays out that $15k, and that's all.
Yes, GI Bill is the "last payer" but that only applies when the scholarship is "for the sole purpose of defraying tuition and fees."38 USC 3313 (c)(1)(A) wrote:The VA will pay the actual net cost for in-State tuition and fees assessed by the institution for the program of education after the application of—
– any waiver of, or reduction in, tuition and fees; and
– any scholarship, or other Federal, State, institutional, or employer-based aid or assistance (other than loans and any funds provided under section 401(b) of the Higher Education Act of 1965 (20 U.S.C. 1070a) [Federal Title IV]) that is provided directly to the institution and specifically designated for the sole purpose of defraying tuition and fees;
Therefore, if you can convince your school (or whatever the source of your scholarship/grant may be) to make the grant available for tuition, fees and living expenses, it should be refundable. I was not in this situation so I do not have first-hand experience how it works, but I've heard of it working for others.
That's true - if you can get the school (or whoever) to give you money that's not earmarked specifically for tuition/fees, then it shouldn't reduce the GI Bill contribution. Unfortunately, I'm like you in that I don't know the mechanics of how to set up such a "drug deal".
I hope that there's such a mechanism in place, though, because at least for public schools, it would make scholarships largely useless for the student; any money that the school gives you specifically toward tuition/fees is just going to reduce the GI Bill contribution, and not give a net benefit to the student.
In UG I got my "surplus" back in a check a few weeks after the VA paid. Through the grape vine I've heard many state schools (including M and V) know how to code it so scholarships are applied to a general fund, not as for tuition.