Call All Vets - Yellow Ribbon Program

[Kadisha]

Alright guys. I have a very simple question that I can't seem to find the answer to. I don't know if it's cause I'm exhausted from a stressful week or what. But can some one please explain how the Yellow Ribbon Program works? 

[ohcoture]

So here's my best understanding (though I don't even qualify):

 

If you are at the 100% benefit level for the post 9/11 GI Bill, private schools that participate in the YRP will kick in money above and beyond what the GI Bill pays for (since private schools are obviously a lot more than the public school rates that GI Bill pays). The gov't will then match those additional funds. It's important to note that you must be at the 100% level (3+years qualifying active service) and schools often have very limited slots for the YRP.

 

Example:

Harvard Kennedy School offers up to 30 spots at $7,500. With the gov't kicking in another $7,500, plus the $19,000 that the GI bill pays, you're looking at $34,000 paid toward tuition plus obviously the monthly housing allowance to cover rent and what not. 

[Kadisha]

Thanks for the clarification. My problem is right now is trying to figure out if spending the extra money on tuition versus going to a school that gives me a free ride through the YRP is going to be of benefit.