Weighing Options - Select Reserve GI Bill (Ch. 1606)

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 Select Reserve GI Bill (Ch. 1606) 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 Select Reserve GI Bill (Ch.1606)

Financial Aid
$0 in VA related benefits $0 in Tuition and Feed aid from VA Benefits
$5,000 Aid in Baylor Needs Based Scholarships $5,000 Aid in Baylor Needs Based Scholarships
$6,000 Aid in Baylor Academic Scholarships $6,000 Aid in Baylor Academic Scholarships
$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 $34,564 remaining in tuition and fee costs after all above awards applied to cost
$0 in remaining aid afer aid applied to tuition and fees $0 in remaining aid after aid applied to tuition and fees

Stipend Benefits
$0 per month in VA Stipends $369 per month in BAH stipend from the VA(subject to changes by the Department of Veterans Affairs)
$0 annually in textbook stipend $0 annually in textbook Stipend

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