Yellow_Ribbon_FAQs

Yellow_Ribbon_FAQs - Yellow Ribbon Program FAQs 1. Why is...

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Yellow Ribbon Program FAQs 1. Why is there a flat amount instead of a percentage in block 7 of the Yellow Ribbon Agreement? My school wants to contribute 50% for Yellow Ribbon Program. How do I determine how much to place in block 7 of the agreement? The final regulations were written taking into account comments from numerous schools that requested to be able to choose a flat dollar amount for budgeting purposes. To determine how much to place in block 7, compare your school’s tuition with the maximum in-state undergraduate public tuition. Then compare your school’s fees with the maximum in-state undergraduate fees. Go to: http://www.gibill.va.gov/GI_Bill_Info/CH33/Tuition_and_fees.htm to determine what your state’s maximum tuition and fees are. These are 2008-2009 maximum tuition and fee rates. To make the comparison, multiply the number of credits a student would take in a term at your school by the per credit amount from the website and compare that amount to what your actual tuition would be for the same number of credits. You could use a typical student, a student with a maximum course load, or any other criteria you choose in making the estimate. Then perform the same calculations for fees. Look at what your fees per term are for a student. You could use a typical student, or a student in the most expensive program, or any other criteria you choose to get the figure you will use for your estimate for fees. Compare the estimate against the maximum fees that can be paid for a term. If the highest maximum tuition is lower than your school’s, then the difference would be considered unmet tuition charges. If the highest maximum fees per term are lower than your school’s fees, the difference would be considered unmet fee charges. If there are unmet charges for either tuition or fees in a term, those unmet charges are taken into consideration for the Yellow Ribbon Program. From the estimated unmet charges per term, you would estimate the annual unmet charges by multiplying the unmet charges times the number of terms. Choose the maximum annual amount that you would want to contribute per student toward the unmet charges for the entire academic year (August 1 st to July 31 st) and report it in block 7. 2. How can I determine the flat amount when I do not know how much 09-10 tuition and fees will be? Can I amend my agreement when the 09-10 rates come out? All Yellow Ribbon Program agreement forms must be received by June 15, 2009 in order to establish a school’s participation in the program for academic year 2009-2010. Agreements will not be accepted after this date. Additionally, agreements cannot be amended once signed and approved by VA. Some schools may have prior knowledge of anticipated state tuition increases. If not, please choose the flat amount that best fits your choice for contribution considering the 2008-2009 highest maximum tuition and fees as well as your school’s planned budget.
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3. I want to be sure that my Yellow Ribbon recipients will not have out of pocket
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This note was uploaded on 04/18/2011 for the course ECON 101 taught by Professor Fon during the Spring '06 term at GWU.

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Yellow_Ribbon_FAQs - Yellow Ribbon Program FAQs 1. Why is...

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