Weighing Options - Post 9/11 GI Bill 100% Eligibility(or Fry Scholarship) With Yellow Ribbon

NOTICE! This page is an example ONLY based on criteria listed below and on VA policies and figures for the 2019-20 school year. These policies are subject to change. Exact figures on this page have also been rounded and are not exact for simplicity. While this comparison chart will not be specific to each individual student circumstances, it is designed to help you identify how your financial aid is affected when electing to receive VA Benefits.

 

Meet GI Bear! He was recently accepted to Baylor. He learned he was eligible for Post 9/11 GI Bill at the 100% eligibility level or Fry Scholarship and therefore also eligible for Yellow Ribbon Benefits per the eligibility checklist on the VA Website. GI Bear was also notified of the following financial aid he may be eligible for (depending on his benefits he decides to use) for the 2019-20 school year:

Below is a comparison chart of his benefits if he elected to receive his VA Benefits (right column) or if he opted out (left column).

 

No VA Benefits Post 9/11 GI Bill (or Fry Scholarship) with Yellow Ribbon

 

 

Financial Aid
$0 in VA related benefits $47,564 in VA Benefits annually (including Post 9/11 GI Bill and Yellow Ribbon Benefits)
$5,000 Aid in Baylor Needs Based Scholarships Baylor Needs Based Scholarships are cancelled when you elect to use this VA Benefit as your tuition and fees are 100% covered.
$6,000 Aid in Baylor Academic Scholarships While your academic scholarship will be awarded to your tuition and fees, this will have zero net effect on your costs/benefits since your tuition and fees are already 100% covered.
$6,000 Aid in Pell Grant $6,000 Aid in Pell Grant
$2,000 Baylor Departmental Scholarship $2,000 Baylor Departmental Scholarship

 

 

Cost Remaining After Aid
$34,564 remaining in tuition and fee costs after all above awards applied to cost $0 in tuition and fees owed at the end of the year!
$0 in remaining aid afer aid applied to tuition and fees $8,000 in remaining aid (PELL Grant and Departmental Scholarship) after tuition and fees.

 

 

Monthly Stipend Benefits
$0 per month in VA Stipends $1,098 per month in BAH stipend from the VA(subject to changes by the Department of Veterans Affairs)
$0 annually in textbook stipend $1,000 annually in VA Textbook Stipend (subject to changes by the Department of Veterans Affairs)

 

 

VA Benefits Used
Zero months of VA Benefits used About 8 months of VA Benefits used

 

Veteran Educational and Transition Services

Sid Richardson, Room 080
One Bear Place #97021
Waco, TX 76798

(254) 710-7264