Question: I'm going to an expensive school, how does that work under the new GI Bill?
Answer: The Post-9/11 GI Bill will pay up to the most expensive in-state tuition and fees at a public institution of higher learning in the veteran's state, but you can still attend any approved school. In instances where the benefit level does not cover the cost of established charges, VA and the educational institution may enter into an agreement to cover the unmet expenses under the "Yellow Ribbon Program."
Note: Only individuals entitled to the full 100% benefit rate (based on service requirement) may receive this funding, and the matching contribution from the school and VA cannot exceed the full cost of the school's established charges. (Click here to verify your eligibility percentage)
*The "Yellow Ribbon" program is not available to active duty personnel.
Example: An individual wants to attend a school with tuition and fees that exceed the cost of in-state tuition and fees at the most expensive public institution of higher learning in the veteran's state. The highest in-state tuition and fees are $10,000. The school the student selects costs $15,000. Under the "Yellow Ribbon" program, the school and the VA may enter into an agreement to cover the additional $5,000. In this instance, if a written agreement is made between VA and the school the school would cover $2,500 of the charges and the VA will match that figure.
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