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Veteran Benefits

Contact Information

GI Bill benefit eligibility, application, and payment information:

U.S. Department of Veterans Affairs / 888-442-4551 / www.gibill.va.gov

Yellow Ribbon Program eligibility and enrollment certifications:

Donna Dubrawski (VA Certifying Official and Senior Assistant Registrar) / 781-239-5438

Getting Started

Veterans or active duty military members must first apply for educational benefits through the VA. Upon review of the completed application, the VA will determine eligibility and, if eligible, will issue a Certificate of Eligibility (COE).  Students using the VA educational benefits must submit a copy of the COE to the Babson College VA Certifying Official. Students must be matriculated and enrolled in a VA approved program at Babson.

Students do not need to submit a COE each semester.  A new COE only needs to be submitted if the students’ eligibility information (chapter, percent eligibility, months of eligibility) changes.  Any questions about applying for the GI Bill or eligibility should be directed to the VA.

GI Bills/Education Benefit Programs

Eligible students are entitled to receive benefits under a particular GI Bill or program and chapter. 

Montgomery GI Bill-Active Duty (MGIB-AD; Chapter 30), Vocational Rehabilitation for Veterans with Service-Connected Disabilities (Chapter 31), Veterans’ Educational Assistance Program (VEAP; Chapter 32), Dependents Educational Assistance (DEA)/Survivors and Dependents (Chapter 35), Montgomery GI Bill-Selected Reserve (MGIB-SR; Chapter 1606), or Reserve Educational Assistance Program (REAP; Chapter 1607)

Students are paid a fixed rate for each month they are enrolled and make satisfactory progress. The monthly benefit rate varies and is based on chapter eligibility, type of training and enrollment status, length of service, and kickers. Payment is sent directly to the student.

Post-9/11 GI Bill (Chapter 33)

The Post-9/11 GI Bill (Chapter 33) became effective on August 1, 2009 and was modified in January of 2011 with provisions taking effect over the subsequent months. Eligible students receive a percentage of benefits based on the service member's length of service (benefit level/percent eligibility).

Service Requirements
Individuals serving an aggregate period of active duty after September 10, 2001 of:
Percentage Of Maximum Benefit Payable
At least 36 months
100%
At least 30 continuous days and discharged due to service connected disability
100%
At least 30 months, but less than 36 months
90%
At least 24 months, but less than 30 months
80%
At least 18 months, but less than 24 months
70%
At least 12 months, but less than 18 months
60%
At least 6 months, but less than 12 months
50%
At least 90 days, but less than 6 months
40%

 

Tuition and Fees Payments

Effective August 1, 2011, the tuition and fees payment for private colleges is capped at the lesser of net out-of-pocket costs or the maximum tuition and fees cap per academic year (see below). Annual caps and actual payments are prorated based on benefit level (percent eligibility).

Benefits for non-college degree programs at private colleges are capped at the maximum tuition and fees cap per academic year (net cost policy applies). Benefits are prorated based on percentage of eligibility.
 
Academic Year
Annual Cap
2014-2015​ $20,235.02
2013-2014​ $19,198.31
2012-2013​
$18,077.50
2011-2012
$17,500.00
 

Active duty members and their spouses with less than 36 months of service will receive less than 100% of the tuition and fee charges certified by the college.

The VA defines an academic year as August 1 through July 31.

The amount of tuition and fees reported to the VA is: 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, grant, or other Federal, State, institutional, or employer based aid or assistance (excluding loans and title IV funds, such as Pell Grants) that is provided directly to the institution and specifically designated for the sole purpose of defraying tuition and fees. Aid or assistance this is not designated for the sole purpose of reducing a student’s tuition and fee cost should not be excluded from the net in-state charges reported to VA. A scholarship that is general in nature and may be used to defray school costs such as food, housing, books, etc., and is NOT specifically designated for the sole purpose of defraying tuition and fees should not be deducted from the charges submitted to the VA. Scholarships that are not sent to the school (may be sent directly to the student) do not need to be deducted from the charges submitted to the VA.

According to the VA, fees are defined as mandatory and required charges (other than tuition, room, and board) that are applied by the Institution of Higher Learning for pursuit of an approved program of education. Fees include, but are not limited to: health premiums, freshman fees, graduation fees, and lab fees. Fees do not include, but are not limited to: senior deposits, late registration fees, admission fees, parking fees, meal plans, dorm fees, or study abroad course(s) unless the course(s) is/are a mandatory requirement for completion of the approved program of education or for graduation. The offshore elective fee for the Two-Year MBA program as well as the STRF fee, which is the charge associated with San Francisco Blended Learning Program students, are mandatory and reported charges.

Books and Supplies Stipend

The VA pays $41.67 per credit for up to 24 credits or $1,000.00 per academic year. The start date of the enrollment period determines the academic year the enrollment belongs to. The VA defines an academic year as August 1 through July 31. The stipend is prorated based on the student's benefit level (percent eligibility).

The books and supplies stipend for the non-college degree programs is capped at $83 per month. Benefits are prorated based on percentage of eligibility.

Monthly Housing Allowance

To be eligible for the monthly housing allowance, students must be enrolled at a rate of pursuit greater than 50%.

Active duty members and their spouses are not eligible for the housing allowance; however, the children of active duty members are eligible.

To calculate the rate of pursuit for standard semesters, divide the number of credits being pursued in the enrollment period by the number of credits that is considered full-time (12). The resulting percentage is the student's rate of pursuit. To calculate the rate of pursuit for non-standard semesters, multiply the number of credits being pursued in the enrollment period by 18 and then divide by the number of rounded whole weeks for the enrollment period (number of days in the enrollment period divided by 7; disregard a remainder of 3 days or less and consider a remainder of 4 days or more a full week). This result is the equivalent credit hours (ECH). Divide the ECH by the number of credits that is considered full-time (12). The resulting percentage is the student’s rate of pursuit.

Monthly housing allowance rates are based on the Department of Defense’s Basic Allowance for Housing (BAH) amount for a service member in pay grade “E-5 with dependents” and specific to the zip code of the college (02457). The housing allowance for students who are enrolled in educational programs taught solely through distance learning (such as the Blended Learning MBA program) is equal to one-half of the national average BAH for pay grade “E-5 with dependents.” This rate is not tied to the location of the student or the college.

The applicable monthly housing allowance is prorated based on the student’s rate of pursuit (rounded to the nearest multiple of 10) and the student’s benefit level (percent eligibility). A student with a rate of pursuit of 75% would receive 80% of the applicable BAH rate; a student with a rate of pursuit of 54% would receive 50% of the applicable BAH rate.

Standard semesters are 15 to 19 weeks in length and adhere to the school's academic calendar. When a session or course doesn't follow this standard format, the actual begin date, end date, and credit for the session or course is certified. Courses taken during a defined session–an eight week summer session, for example–should be certified from the beginning date to the ending date of the session if the courses start the first week and end the last week of the session.

The amount payable for the monthly housing allowance for any academic year (beginning on August 1) will be based upon the BAH rates effective on January 1 of that year. This means that monthly housing allowance rates for chapter 33 will change effective August 1 of each year, and not on January 1.

The VA only pays the monthly housing allowance for the days in which the student actually attends/is certified for the month. If a student is certified for a whole month, the full monthly benefit is paid. If the student is only certified for part of the month, the benefit is prorated. The VA uses a 30-day month. Divide the monthly rate by 30 to get the daily rate. For example, if the monthly benefit is $100.00 and the student is certified January 1 through January 15, the student is entitled to $50.00 ($3.33 per day for 15 days). If the student is certified January 16 through January 31, the student is entitled to $50.00 ($3.33 per day for 15 days). If the student is certified January 1 through January 31, the student is entitled to $100.00 (a full month benefit). Also, if the start date is August 30, the student will receive a deposit in September for the two days attended in August. The first whole month of the housing payment for the month of September is sent/deposited at the beginning of October.

Interval pay or break pay (payment between semesters) is no longer payable under any VA educational program unless under an Executive Order of the President or due to an emergency situation. For example, if the semester ends December 15, the housing allowance is paid for the first 15 days of December only and begins again when the next semester starts.

Yellow Ribbon Program

Babson College participates in the Yellow Ribbon Program.  The Yellow Ribbon Program is a provision under the Post-9/11 GI Bill that allows colleges and universities to voluntarily enter into an annual agreement with the VA to fund tuition and fees costs that exceed the tuition and fees payment by the VA (example: charges in excess of the annual cap).  If a school participates in the Yellow Ribbon Program, the VA will match each dollar the school contributes, which can be up to 50% of the difference between the VA tuition and fees payment and the student’s tuition and fees charges.  The combined school and VA contribution cannot exceed the tuition and fees amounts charged to the student.  The Yellow Ribbon Program is subject to a maximum annual contribution and a maximum number of students – both of which are subject to change each academic year – determined by the college. 
 
Academic Year
Maximum Number Of Students
Babson Maximum Contribution
2014-2015​ ​Twenty (20) ​$10,000.00
2013-2014​ ​Twenty (20) ​$10,000.00
2012-2013​
​Twenty (20)
​$5,000.00
2011-2012
Twenty (20)
$5,000.00
2010-2011
Fifteen (15)
$5,000.00
2009-2010
Ten (10)
$5,000.00
 

Students must be 100% eligible under the Post-9/11 GI Bill to qualify for the Yellow Ribbon Program. Veterans, their spouses and children (if transfer of entitlement) who are 100% eligible qualify. Active duty members and their spouses are not eligible, but children of active duty members (if transfer of entitlement) who are 100% eligible do qualify.

The Yellow Ribbon Program has limited availability and is not guaranteed. Students are admitted into the Yellow Ribbon Program at Babson on a first-come-first-served basis upon receipt of a Certificate of Eligibility (COE), a Yellow Ribbon Program Application, and acceptance into a Babson degree or certificate program up to the maximum number of students for whom contributions will be made in any given academic year.

Students who participate in the Yellow Ribbon Program at Babson must follow the policies, procedures, and guidelines as established.
  • Students must remain in good academic standing, maintain continuous enrollment at Babson, and have remaining entitlement under the Post-9/11 GI Bill in order to retain a space in the Program.  Students should consult the Undergraduate or Graduate Student Handbook for details regarding academic policies, such as good academic standing.
  • Students do not need to reapply to the Yellow Ribbon Program each year so long as the established policies, procedures, and guidelines are followed.
  • Students who apply to the Yellow Ribbon Program but do not elect to enroll at Babson will be withdrawn from the Program without notice and the submitted Certificate of Eligibility and Program application will be discarded.
  • Students must be enrolled/registered by the end of the add/drop period each semester.
  • Students who are not enrolled in the summer semester at Babson will not be withdrawn unless enrollment in the summer semester is part of the program curriculum.
  • Students who permanently separate from or discontinue enrollment at Babson for reasons including, but not limited to, not registered, graduation, college withdrawal, leave of absence, deferment, or suspension will be withdrawn from the Yellow Ribbon Program without notice.  Students may reapply to the Yellow Ribbon Program, as eligible.
  • Students who are part of the Yellow Ribbon Program and are subsequently called to active duty be will be withdrawn from the Program as continuous enrollment has not been maintained.  However, special consideration may be given as the discretion of the Babson VA Certifying Official.  Students may reapply to the Yellow Ribbon Program.  Students must submit an updated Certificate of Eligibility, a new Yellow Ribbon Program application, a copy of DD Form 214 “Certificate of Release or Discharge from Active Duty” and follow all other procedures for returning to Babson as outlined in the Undergraduate and Graduate Student Handbooks.

Babson College reserves the right to discontinue participation in the Yellow Ribbon Program at any point.  Policies are subject to change.

Study Abroad

Students on study abroad who are enrolled in courses that will meet degree/graduation requirements may be eligible to receive educational benefits. The programs at the host school in the foreign country must be approved.  For chapter 33 students, the VA will pay, as eligible, the home school’s tuition and fees, books and supplies, and the monthly housing allowance based on the home school’s address. The VA will not pay for costs related to travel or third party charges.

Enrollment Certifications

Each semester, the enrollment and tuition information for each eligible, enrolled student is reported to the VA after the add/drop deadline. Enrollment certifications may be automatically submitted to the VA each semester so long as the student is eligible, enrolled, and has months of eligibility remaining or unless otherwise requested by the student.

When a session or course does not follow the standard semester format (15 to 19 weeks in length and adhere to the school's academic calendar), the actual begin date, end date, and credit for the session or course is certified. Examples may include, but are not limited to: Blended Learning Program courses, first/second session courses, blended format courses, and intensive electives.

Enrollment certifications can only be submitted for semesters in which the student is/was enrolled at Babson. Babson cannot certify or report enrollment for credit taken elsewhere. Only courses that satisfy degree or certificate requirements can be certified.

Any changes in enrollment or other pertinent information, such as add/drops, withdrawals or separations, unsatisfactory progress, disciplinary actions, failing grades, incomplete grades, changes to tuition and fees, etc., are reported to the VA as necessary. Changes may affect the total amount of benefits a student receives and/or result in the student being liable for an overpayment and/or be responsible to refund money to the VA. The VA may not pay for repeated courses or for courses in which the student withdraws (W) or receives an incomplete (I) grade.

Payment Information

After an enrollment certification is reported, the VA will then review and process the claim and disburse the student’s benefits accordingly. Payments, excluding those for chapter 33, are sent directly to the student. Payments for chapter 33, excluding the monthly housing allowance and the books and supplies stipend, are sent directly to the Student Financial Services office at Babson via electronic funds transfer (EFT). Payments received from the VA are posted on the student’s account and applied directly to an account balance; if there is no outstanding balance, students may request a refund or leave a credit on the account. The books and supplies stipend and the monthly housing allowance are sent directly to the student, as eligible. A student receiving VA educational benefits may be responsible to pay tuition, fees, and other applicable expenses up front and may be responsible for any remaining balance.

 

Disclosure: The U.S. Department of Veterans Affairs is the source of the majority of the information above. Information is subject to change and may vary.