Yellow Ribbon Program

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The Yellow Ribbon Program is a provision of the Post-9-11 Veterans Educational Assistance Act of 2008. This program allows US institutions of higher learning to voluntarily enter into an agreement with the Department of Veterans Affairs (VA) to fund tuition expenses that exceed either the annual maximum cap for private institutions or the resident tuition and fees for a public institution. The institution can contribute up to 50% of those expenses and VA will match the same amount as the institution.

For the 2014-2015 academic year, Rhodes College will contribute $10,000 for up to ten (10) full-time undergraduate students who are Yellow Ribbon Program eligible. VA then matches this contribution up to 50% of the difference (see example below). Note: Rhodes′ contribution is considered matched if the student has already been awarded unrestricted institutional grants and/or scholarships of the same or greater amount. Yellow Ribbon Program funding is disbursed directly to the college and applied to tuition and fees.

The following example is based upon tuition/fees and VA education benefits for a full time student who receives Yellow Ribbon Program funds for the 2014-2015 academic year. 

Description

 Fall 2014

Spring 2015

Totals 

Rhodes Tuition & Fees

 $20,786.00

 S20,786.00

 $41,572.00

VA Tuition Benefit

 -$20,235.02

 $0.00

 -$20,235.02

Difference

 $550.98

 $20,786.00

 $21,336.98

Yellow Ribbon match by VA
(50% of difference ≤ $10,000 total)

 $275.49

 $9,724.51

 $10,000.00

 Total benefit paid:

 $20,510.51

 $9,724.51

 $30,235.02

Yellow Ribbon Program Eligibility Requirements 
Only veterans entitled to the maximum benefit rate (based on service requirements) or their designated transferees may receive this funding. Active duty service members and their spouses are not eligible for this program (child transferees of active duty service members may be eligible if the service member is qualified at the 100% rate). Therefore, you may be eligible if you meet the following requirements:

  • Served an aggregate period of active duty after September 10, 2001, of at least 36 months
  • Honorably discharged from active duty for a service-connected disability and served 30 continuous days after September 10, 2001
  • Dependents eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a veteran′s service under the eligibility criteria listed above

Application Process

  • Eligible students who have accepted admission (paid the deposit fee) or are already currently enrolled should notify the Office of Financial Aid of their eligibility and interest in participating. Participation is limited to ten (10) full-time undergraduate students.
  • Eligible students should apply for benefits with the Department of Veterans Affairs under the Post-9/11 GI Bill (Chapter 33)
  • Upon notification of acceptance by the VA, the student should forward his or her Certificate of Eligibility to the Office of Financial Aid (see submission options below)

Award Matching & Continued Eligibility

Rhodes will contribute $10,000 per year to students determined to be eligible for the VA Yellow Ribbon Program award. Rhodes′ contribution is considered matched if the student has already been awarded unrestricted institutional grants and/or scholarships of the same or greater amount.

Awards will continue as long as the student has remaining VA/Yellow Ribbon eligibility, is enrolled full-time and in good standing, and maintains satisfactory academic progress. Participating students that withdraw from the College and are later readmitted will only be able to participate if space is available. Should a student lose his/her Yellow Ribbon Program eligibility and subsequently regain it, he/she must reapply for program participation.

To apply, students must submit their VA Certificate of Eligibility, which shows they are entitled to receive 100% of the benefits payable under the Post-9/11 GI Bill program to the Office of Financial Aid. The sponsorship is awarded on a first-come, first-serve basis. For currently enrolled students, waitlist hierarchy is based upon the date that Financial Aid receives the student’s (not parent’s) Certificate of Eligibility. Waitlist placement for incoming students is based upon receipt of the student’s (not parent’s) Certificate of Eligibility and admission deposit payment (the latter of the two dates if received separately).

All Yellow Ribbon Program Certificates of Eligibility are date stamped on the date received by Rhodes and deposit payment dates confirmed (for incoming students). Students are notified of their eligibility electronically by Financial Aid.

To apply, students must submit their VA Certificate of Eligibility to the Office of Financial Aid. Certificates of Eligibility may be faxed (901-843-3435), emailed (finaid@rhodes.edu) or delivered in person to Rhodes Express. Alternately, they may be mailed to:

Rhodes College
Attn: Financial Aid
2000 North Parkway
Memphis, TN 38112

Questions or concerns related to the College′s Yellow Ribbon Program policy and procedures should be emailed to finaid@rhodes.edu.