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College to Participate in VA’s ‘Yellow Ribbon’ Program

Pennsylvania College of Technology has agreed to take part in the Yellow Ribbon GI Education Enhancement Program, an initiative allowing colleges and universities to voluntarily fund tuition expenses that exceed the highest public in-state undergraduate tuition rate.

Under the Yellow Ribbon Program, which is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008, participating institutions can waive up to 50 percent of those expenses, and the U.S. Department of Veterans Affairs will match the amount. The exact percentage of students’ tuition and fees to be waived/contributed is determined by the participating college or university. The schools also determine the maximum number of students who may participate.

“Penn College’s support of the Yellow Ribbon GI Education Enhancement program is important to those veterans in obtaining a college education, and we are pleased to be a part of this federal program,” said Dennis L. Correll, associate dean for admissions and financial aid. “This is just another source of funding offered through the college’s Financial Aid Office to ensure student veterans have what they need to complete their degrees.”

Only veterans who are eligible for the maximum benefit rate (based on service requirements) may receive the Yellow Ribbon funding. To be eligible, a veteran must have served an aggregate of 36 months on active duty after Sept. 10, 2001, or have been honorably discharged from active duty for a service-connected disability after serving 30 continuous days after Sept. 10, 2001.

Benefits under the Yellow Ribbon Program are payable only for education and training pursued after Aug. 1 of this year.

Currently, since Penn College’s in-state and out-of-state tuition rates are below the highest public in-state undergraduate tuition rate (as determined by the Department of Veterans Affairs), all veterans enrolled at the college have their tuition costs covered without the assistance of the Yellow Ribbon Program. However, if the tuition rate and fees at Penn College would ever exceed the highest public in-state undergraduate tuition/fees, the Yellow Ribbon Program will provide additional assistance to the enrolled veterans.

To learn more about the Yellow Ribbon Program or other veterans’ benefits, visit online or call the Penn College Financial Aid Office, coordinator of veterans affairs, toll free at (800) 367-9222, option 4.

To learn more about Penn College, visit online , e-mail or call toll-free (800) 367-9222.

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