2023-2024 Academic Year Benefits
Yellow Ribbon benefits are coordinated between the University and the US Department of Veterans Affairs (VA) after a student’s Post 9/11 (Chapter 33) benefit has been exhausted. The Chapter 33 benefit amount for 2023-2024 is $27,120.05 (amounts are updated annually after August 1). After that amount has been exhausted for payment of tuition and fees, a Yellow Ribbon Grant and matching funds from the VA will be added to the student’s financial aid award, up to the maximum amounts listed below by grade level and college (except for LMU Loyola Law School which pays per term, see "LMU Loyola Law School" below). Yellow Ribbon eligibility is dependent on full time enrollment. Continuing students must maintain Satisfactory Academic Progress. If a student receives his or her full Chapter 33 benefit and the Yellow Ribbon benefits in the fall and spring semesters, the student will NOT be eligible for Yellow Ribbon benefits for summer session courses.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.
Undergraduate
Up to 80 students eligible for Yellow Ribbon benefits, admitted and enrolled in an undergraduate degree program may receive up to $15,685.00 from LMU and $15,683.95 in matching funds from the Department of Veterans Affairs for the 2023-2024 academic year. The actual amount of the academic year benefit will be based on the number of units completed for each term.
Below is an example of how Chapter 33 GI benefits and Yellow Ribbon benefits are applied. All fees, including room & board, not covered under the Yellow Ribbon Program are the student's responsibility to pay. If the student has not used the maximum Yellow Ribbon amounts listed above during the fall and spring semesters, the unused portion may apply towards summer session tuition and fees. If the student received his or her full Chapter 33 benefit and the Yellow Ribbon benefits in the fall and spring semesters, the student will NOT be eligible for Yellow Ribbon benefits in Summer 2024. Undergraduate students receiving a Yellow Ribbon Grant are not eligible for other forms of institutional aid (grants, scholarships, loans) and those awards will be canceled upon the awarding of a Yellow Ribbon Grant.
| Fall | Spring | Total | |
|---|---|---|---|
| Undergraduate Tuition: | $28,801.00 | $28,801.00 | $57,602.00 |
| Mandatory Fees Covered: | |||
| Registration Fee: | $65.00 | $65.00 | $130.00 |
| Recreation Fee: | $107.50 | $107.50 | $215.00 |
| Student Activity Fee: | $144.00 | $144.00 | $288.00 |
| Media Fee: | $140.00 | $0.00 | $140.00 |
| Accident Insurance: | $114.00 | $0.00 | $114.00 |
| Total tuition & Fees: | $29,371.50 | $29,117.50 | $58,489.00 |
| Minus VA Ch. 33 Benefits: | ($27,120.05) | ($0.00) | ($27,120.05) |
| Difference: | $2,251.45 | $29,117.50 | $31,368.95 |
| VA Yellow Ribbon Share: | ($1,125.45) | ($14,558.50) | ($15,683.95) |
| LMU Yellow Ribbon Share: | ($1,126.00) | ($14,559.00) | ($15,685.00) |
| Total due after benefits: | $0.00 | $0.00 | $0.00 |
| Total LMU Yellow Ribbon Paid: | $15,685.00 |
Executive MBA & MBA Programs
Up to 10 students eligible for Yellow Ribbon benefits, admitted and enrolled in the Executive MBA program or MBA program may receive up to $10,000 from LMU and $10,000 in matching funds from the Department of Veterans Affairs for the 2023-2024 academic year. The actual amount of the academic year benefit will be based on the number of units completed each term.
If the student received their full Chapter 33 benefit and the Yellow Ribbon benefits in the fall and spring semesters, the student will NOT be eligible for the Yellow Ribbon benefits in Summer 2024.
Other Graduate Programs
Up to 10 students eligible for Yellow Ribbon benefits, admitted and enrolled in a graduate degree program other than the Executive MBA or MBA program may receive up to $5,000 from LMU and $5,000 in matching funds from the Department of Veterans Affairs for the 2023-2024 academic year. The actual amount of the academic year benefit will be based on the number of units taken and charged completed for each term.
If the student received their full Chapter 33 benefits and the Yellow Ribbon benefits in the fall and spring semesters, the student will NOT be eligible for Yellow Ribbon benefits in Summer 2024.
LMU Loyola Law School
LMU Loyola Law School has funding to provide a direct grant of $5,000 to 10 qualifying veterans ($2,500 in the fall term and $2,500 in the spring term). Visit the LMU Loyola Law School Yellow Ribbon page for details and procedures.