UMUC Joins Yellow Ribbon Program, Earmarks $1.8 Million
Program will defray costs for military students who enroll in programs whose costs exceed the allowances of the Post 9/11 GI Bill, which goes into effect August 1, 2009
*** missing Yellow Ribbon buton and link ***
ADELPHI, Md. (July 10, 2009) – UMUC today announced that it has earmarked $1.8 million to fund participation in the Yellow Ribbon GI Education Enhancement Program (Yellow Ribbon Program), a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. Under the agreement with the U.S. Department of Veterans Affairs (VA), UMUC joins a prestigious list of colleges and universities that have agreed to fund tuition overruns for eligible veterans who enroll in programs that cost more than the highest public in-state undergraduate tuition rate allowed under the Post 9/11 GI Bill. UMUC can contribute up to 50 percent of student expenses that exceed the allowable rate, and the VA will match the contribution.
“Given UMUC’s 60-year commitment to serving military students, it is a natural extension of that commitment to participate in the Yellow Ribbon Program, which will allow us to better serve our military students,” said UMUC President Susan C. Aldridge. “Financial crises have impacted students worldwide, and UMUC is proud to be able to play an instrumental role in helping military students get one step closer to earning a degree after selflessly serving our country.”
Schools that participate in the Yellow Ribbon Program will establish application procedures for eligible students, determine the maximum number of students who may participate in the program and decide the percentage of tuition to contribute. UMUC has earmarked up to $615 each for up to 3,000 students each academic year. That contribution is then matched by the VA.
The program is designed so that an out-of-state undergraduate student can take up to 30 credits in an academic year and incur no out-of-pocket expenses for tuition and fees. UMUC will also contribute $615 for out-of-state graduate students, per academic year, for six academic hours.
To be eligible for the maximum benefit rate under the Yellow Ribbon Program, students must meet one of the following criteria:
- Student must have served an aggregate period of active duty after September 11, 2001, of at least 36 months;
- Student must have been honorably discharged from active duty for a service connected disability and served 30 continuous days after September 11, 2001; or
- Student must be a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a veteran’s service under the eligibility criteria listed above.