Hopkins may increase aid for returning war veterans
Hopkins is discussing plans to participate in the yellow ribbon program, a new provision of the GI Bill that will offer increased financial aid to veterans at participating institutions.
While the provost's office is still determining the details of the University's level of participation, William Conley, dean of Enrollment and Academic Services, said that Hopkins would be involved at some level.
"Nothing is official yet, but I can say that there is a general level of interest for some participation, and Johns Hopkins University will to some degree be involved in the yellow ribbon program," he said.
Vincent Amoroso, director of Student Financial Services, agreed that the University was likely to participate.
The yellow ribbon program will increase the amount of financial aid available to military veterans pursuing an undergraduate or postgraduate degree. In the program, the federal government matches the financial aid offered by a university up to a maximum that is determined by the highest tuition of a public school within the state.
The percentage of funds that the government matches depends on how long the veteran has served. If he or she served for 36 months or more, or served for 30 months and received a disability-related discharge, then the government matches 100 percent of the funds provided by the school. The government funds decrease as the amount of time the veteran served decreases, to a minimum of 40 percent fund-matching for 90 or more days of service.
So, if a school paid for half of a GI's tuition, the government would match 100 percent of that value, up to the state maximum.
Since the program will raise the amount of aid the federal government is willing to pay, it will in turn increase the amount of financial aid that a private school will be able to offer to a veteran.
Amoroso wrote that the new maximums in the state of Maryland are $458.13 per credit hour for tuition and fees of up to $1,107.00 per term. The final rules of the program, released April 7, state that an institution may commit a specified dollar amount that they would be willing to offer per student, or a percentage of the tuition cost.
While the provost's office is still determining the details of the University's level of participation, William Conley, dean of Enrollment and Academic Services, said that Hopkins would be involved at some level.
"Nothing is official yet, but I can say that there is a general level of interest for some participation, and Johns Hopkins University will to some degree be involved in the yellow ribbon program," he said.
Vincent Amoroso, director of Student Financial Services, agreed that the University was likely to participate.
The yellow ribbon program will increase the amount of financial aid available to military veterans pursuing an undergraduate or postgraduate degree. In the program, the federal government matches the financial aid offered by a university up to a maximum that is determined by the highest tuition of a public school within the state.
The percentage of funds that the government matches depends on how long the veteran has served. If he or she served for 36 months or more, or served for 30 months and received a disability-related discharge, then the government matches 100 percent of the funds provided by the school. The government funds decrease as the amount of time the veteran served decreases, to a minimum of 40 percent fund-matching for 90 or more days of service.
So, if a school paid for half of a GI's tuition, the government would match 100 percent of that value, up to the state maximum.
Since the program will raise the amount of aid the federal government is willing to pay, it will in turn increase the amount of financial aid that a private school will be able to offer to a veteran.
Amoroso wrote that the new maximums in the state of Maryland are $458.13 per credit hour for tuition and fees of up to $1,107.00 per term. The final rules of the program, released April 7, state that an institution may commit a specified dollar amount that they would be willing to offer per student, or a percentage of the tuition cost.
Viewing Comments 1 - 3 of 3
Baltimore Movers
posted 4/30/09 @ 12:34 PM EST
This seems like a good idea. The young men and women who serve in the military risk their lives for the country and it makes sense to treat them well here once they return. (Continued…)
Boycott Baltimore Movers
posted 5/09/09 @ 8:58 PM EST
Baltimore Movers, stop posting your b.s. here and on the University of Maryland's Diamondback site. It's obvious to all you are just trying to promote your lame business. (Continued…)
Moving Pods
posted 2/25/10 @ 3:44 PM EST
War veterans deserve much more than just aid. They deserve treatment and a whole new life. I know so many that are just in alternate realities because of the war. (Continued…)
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