Entering Veteran Education Benefits
The Packaging routine is able to include and exclude Montgomery GI Bill (Chapter 30)/AmeriCorps (Title 1) veteran education benefits based on the following criteria when awarding federal financial aid. This veteran education benefits amount must be used as follows:
Considered as a resource, which reduces need, when awarding campus-based programs—SEOG, Federal Work Study, and Perkins.
Excluded when determining a student's eligibility (does not reduce need) for a subsidized loan—FFELP or Direct.
Considered as estimated financial aid for an unsubsidized loan—FFELP or Direct.
The Packaging routine then uses this amount when determining need and estimated financial aid for awarding. The Need Summary pages also display the veteran education benefits amount.
This section discusses how to:
Enter other educational resource information.
Process other educational resources.
|
Page Name |
Definition Name |
Navigation |
Usage |
|---|---|---|---|
|
Veteran's Education Benefits |
STDNT_AWD_PER_RSRC |
|
Enter the amount a student receives from the Montgomery GI Bill/AmeriCorps programs for all appropriate award periods. |
Access the Veteran's Education Benefits page ().
Image: Veteran's Education Benefits page
This example illustrates the fields and controls on the Veteran's Education Benefits page. You can find definitions for the fields and controls later on this page.
|
Field or Control |
Definition |
|---|---|
| EFC Status (expected family contribution status) |
Displays the student's ISIR EFC status. Values are Unofficial, Official, and Rejected. |
| ISIR Information |
Click this link to access the ISIR Information page and view selected information from the student's ISIR. |
| Database Matches |
Click this link to access the Database Matches page and review the student's status regarding the U.S.E.D. required database matches. |
| Award Period |
Indicates the award period associated with the veteran education benefit amount you are entering. |
| Montgomery GI Bill/AmeriCorps |
Enter the amount the student is being awarded for veteran education benefits. The Packaging process uses the veteran education benefits amount you enter. This amount reduces need for campus-based awarding, is excluded from consideration when awarding subsidized loans (FFELP or Direct), and is included as estimated financial aid when awarding unsubsidized loans—FFELP or Direct. The amounts that you enter are specific to each award period. |
| Print as Other Resource |
Select this check box if you want the amount that you enter to print on the Financial Aid Notification (FAN) letter as Other Resource. If you do not select this check box, the veteran education benefits amount does not appear on the FAN letter. |
The Packaging process uses the veteran education benefits amount in the following way:
It reduces need for campus-based awarding.
It is not included in the need calculation for the awarding of subsidized loans—FFELP or Direct.
It is included as estimated financial aid for unsubsidized loans—FFELP or Direct.
These rules are used during Manual Packaging, Auto Packaging, and Mass Packaging.
Note: Packaging treats the veteran education benefits amount exactly the same for federal methodology (FM) and institutional methodology (IM) processing. Only one entry exists on the Student Aid Attribute record for the veteran education benefits amount. The Need Summary pages display the same amount in both the FM and IM columns.
You enter veteran education benefits amounts for both academic and non standard award periods. Be sure to divide the veteran education benefits amount correctly between award periods. During packaging, if the Award Period value on the packaging plan is Both, then the Packaging process adds the two award period values and uses that amount when assessing need.
If you modify the award period on the student's Term Budget record—for example, from academic to non-standard—and that student has veteran education benefits, you receive this award message: This student has 'Other Resources' associated with this Award Period. Please check the distributions as this change may affect the student's resources/need calculation. You must change the amount entered for the veteran education benefits to derive the appropriate amount for each award period.
Note: When the system is determining a student's eligibility for a particular award, eligibility is based on the student's period of enrollment rather than the student's loan period. If you want to calculate a one-term only loan, you must adjust/prorate the student's veteran education benefits amount accordingly.