One advantage of the Post 9/11 GI Bill is the "yellow ribbon" program which helps veterans pay for more
costly colleges or universities. Under the "yellow ribbon" program, the federal government matches the amount of aid pledged by participating colleges or universities above the base educational benefits for tuition and fees that are provided under the GI Bill.
To be qualified for benefits one must meet the subsequent criteria:
- Served at least 90 aggregate days on active duty after September 10,2001; still on active duty or honorably-discharged from the active duty; or
- released from active duty and placed on the retired list or temporary disability retired list; or
- released from active duty and transferred to the Fleet Reserve or Fleet Marine Corps Reserve; or
- released from the active duty for further service in a reserve component of the Armed Forces
- One may also be eligible if they were honorably discharged from active duty for a service-connected disability and served 30 continuous days after September 10, 2001
The benefits provided under the Post-9/11 GI Bill include:
- Cost of tuition and fees, not to exceed the most expensive in-state undergraduate tuition at a public institution of his/her education (paid to school);
- Monthly housing allowance equal to the basic allowance for housing payable to a military E-5 with dependents, in the same zip code as school attending (paid to student);
- Yearly books and supplies stipend of up to $1000 per year (paid to student); and
- A one-time payment of $500 paid to certain individuals relocating from highly rural areas.
Under the Post-9/11 GI Bill, students are qualified for a percentage of the total cost, depending
on the length of military service.
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