The Yellow Ribbon Program was created in 2008 to give eligible veterans and their dependents a broader range of educational opportunities. Post 9/11 GI Bill eligible veterans may transfer some or all their 36 months of eligibility to dependents. The Veterans Administration determines eligibility for the program, and will provide to the recipient a Certificate of Eligibility in the student’s name. The COE must be shared with the Dickinson Financial Aid Office to process the student’s award.
Dickinson does not place a limit on the number of Yellow Ribbon recipients; we provide the benefit to all eligible enrolled students. We also do not place a dollar limit in the value of our Yellow Ribbon match.
Here is an example of how the funding for Yellow Ribbon works for our students this year:
|Dickinson Charges (2017-18):|
|Tuition and Fees:||$52,930|
|Room and Board:||$13,236|
|Financial Aid Award:|
|VA base tuition and fee amount for private colleges:||$22,805.34|
|Dickinson Yellow Ribbon (1/2 remaining tuition and fees):||$15,062.33|
|VA Yellow Ribbon (the other half):||$15,062.33|
Monthly subsistence allowance from the VA
Yellow Ribbon students also receive a book allowance of $500 per semester from the VA.
Timing, however, can be an issue. While the VA pays the tuition and fee and Yellow Ribbon benefits directly to the college at the beginning of each semester, the living allowance stipend is paid monthly to the student. For the student’s first semester, the family will have to pay the first semester bill for room and board; if the monthly stipends are saved each month, there should be sufficient funds accumulated to pay most of each subsequent semester bill.
Thirty-six months of eligibility will be sufficient to fund four years of enrollment. If a student has fewer months available, the student and family will need to discuss how best to use the limited benefit.
Students who have been offered a merit scholarship from Dickinson will retain the scholarship but receive less in Yellow Ribbon benefits, since the scholarship will reduce the tuition and fee charge we send to VA as part of our enrollment certification. Yellow Ribbon and VA benefits will replace any Dickinson need-based grant aid but, according to federal regulation, VA benefits do not count as estimated financial assistance when determining eligibility for federal Title IV aid.