Yellow Ribbon GI Program
Your service pays off.
All United States military personnel and veterans are eligible to use approved GI benefits at Vanderbilt. In addition, eligible veterans can attend Vanderbilt University at a significantly reduced cost thanks to the school's participation in the Yellow Ribbon GI Educational Enhancement Program.
Yellow Ribbon Program
Under the Yellow Ribbon Program, a part of the Post-9/11 Veterans Educational Assistance Act of 2008, colleges and universities can work with the federal government to offer financial awards to veterans of the wars in Iraq and Afghanistan. To be eligible, veterans must have served three years on active duty or at least 30 continuous days before being discharged for service-related injuries since the 9/11/01 terrorist attacks.
Qualified veterans who enroll in Vanderbilt's Owen Graduate School of Management will be awarded up to $40,000 for tuition. This is broken down as $20,000 per year ($10,000 from the Veteran's Administration and $10,000 from Vanderbilt.)
For more information on the Yellow Ribbon Program click here.
Tuition is paid by the Veterans' Administration at a rate of $19,198.31 (this amount changes every year) annually. Fees are paid at the percentage of your entitlement. If you are 100% entitled, then your Owen fees will be paid at 100%.
Parking fees are not covered.
Vanderbilt University's Owen Graduate School of Management will award you $10,000 Yellow Ribbon Scholarship per academic year. The VA will match this contribution with $10,000 per academic year toward your tuition, for a total of $40,000 over two years.
You will also be entitled to $1,000 book stipend annually. Your housing will be at 100% eligibility and sent directly to you. Currently the rate of housing is $1,515.00 per month. This amount also changes every year. This is for the time enrolled. Therefore, months like December and January, when you are not attending/enrolled, your housing will be prorated.
If you need to supplement your VA benefits with additional funding you may want to consider applying for a Federal Direct Unsubsidized loan. The maximum amount of that loan is $20,500 per academic year. It is an interest bearing loan that will accrue at the rate of 6.8% fixed while in school.
Tuition for the 2013 -2014 year will be $46,125.
Please contact Vanderbilt University's Financial Aid office for more information and help in understanding your benefits. Sandie.firstname.lastname@example.org