Common Degree Tracks | Office of the University Registrar

Chapter 33 Undergraduate

Chapter 33 Post 9/11 Financial Benefit Overview, Full-Time Rate Beginning in FALL 2017

Certificate of Eligibility, in the mail, indicates: 36 Months of Benefit remaining, 100% Rate

1 Year at BU at the Full-time Rate (taking at least 12 hours):
- -$52,082.00 BU charged tuition & fees 2017-2018
  1. Includes mandatory fees
  2. Does not include mandatory MA health insurance
  3. Does not include mandatory orientation fee (-$290)
- +$22,805.34 Tuition & Fee Payment 2017-2018
  1. Paid to the school upon the first semester of the academic year
- +$22,127.00 Total BAH (projection that will change)
  1. Paid monthly, 4 months in Fall 2017
  2. Paid monthly, 5 months in Spring 2018
  3. Paid to the student’s bank account on file with the VA, in arrears 1 month.
  4. Spring 2018 is estimate due to BAH for CY18 not yet available. Spring 2018 is an estimate that will change.
- +$1,000 Book Stipend
  1. Paid to the student in semester installments depending on credit count.
- -$6,449.66 (Sum of above numbers) Equals total out of pocket cost if only using Chapter 33.

Per Semester Breakdown

Fall, 107 Days, 3.3 Months
- -$26,041.00 Mandatory Tuition & Fees
  - +$22,805.34 T&F VA payment paid immediately (BU)
  - +$666.72 Book stipend paid 1 week before class
  - +$2,537.50 BAH paid 9/29/2017 (25 days/prorated)
  - +$3,045.00 BAH paid 10/31/2017 (1 month)
  - +$3,045.00 BAH paid 11/30/2017 (1 month)

+$2,030.00 BAH paid 12/29/2017 (20 days/prorated)

+$8,088.56 Surplus BAH (save for next semester)

Spring, 113 Days, 3.3 Months (BAH is projected and will change)
- -$26,041.00 Mandatory Tuition & Fees
- +$8,088.56 Saved from last semester
- +$333.28 Book stipend payment 1 week before class.
- +$1,319.50 BAH paid 1/31/2018 (13 days/prorated)
- +$3,045.00 BAH paid 2/28/2018 (1 month)
- +$3,045.00 BAH paid 3/30/2018 (1 month)
- +$3,045.00 BAH paid 4/30/2018 (1 month)

+$1,015.00 BAH paid 5/31/2018 (10 days/prorated)

-$6,449.66 Balance/Total out of pocket remainingBAH: Basic Allowance for Housing. Same thing as MHA/Monthly Housing Allowance.CY: Calendar Year4 years of full time, Post 9/11 Benefit is used up by 29.6 months, if only Fall & Spring semesters attended.
T&F: Tuition & Fees

The books and supplies stipend pays $41.67 per credit certified, up to 24 credits for the academic year (08/01/YY-07/31/YY). The start date of an enrollment period determines the academic year the enrollment period belongs to. The maximum stipend is $1,000 per academic year.

Recommendations:

Apply early for your benefit. Without proof of benefit, no money can transfer.
Housing allowance pays on the first of each month, but on the month after. For example, 30 days of school in October will be paid straight to the student’s checking account on November 1^st. Housing payments accumulate late, whereas BU expects to be paid upfront. We recommend the student apply for financial aid to cover the time between when the semester begins and when the student will receive VA money. We also recommend a monthly payment plan due to the VA payments being monthly instead of cumulative.
Yellow Ribbon Program applications are available in March only of each year. This will add $7k to the overall tuition and fees payments. YRP information is available here: https://www.bu.edu/reg/students/veterans-services/yrp/

Chapter 33 Post 9/11 Financial Benefit Overview, Full-Time Undergraduate Projected Rate

After service-member/spouse/child has applied via ebenefits.va.gov, and received
- Certificate of Eligibility, in the mail, indicates:
  - 36 Months of Benefit remaining
  - 100% Rate
  - MA Health insurance = $1,495.00 per year
  - Orientation Fee = $260.00 one-time
- 1-Year Breakdown
  - Freshman Undergraduate
    1. -$48,436.00 BU charged tuition & fees 2015-2016
      - Includes mandatory fees
      - Does not include mandatory Massachusetts health insurance
      - Does not include mandatory orientation fee
    2. +$21,084.89 Tuition and Fee Payment 2015-2016
      - Paid to the School after beginning of enrolled classes
    3. + $20,862.60 Monthly Housing Allowance for the year (Fall and Spring)
      - Paid to the student, monthly installments after classes begin
    4. +$1,000 Book Stipend
      - Paid to the Student in semester installments
    5. $42,947.49 Total towards student without Room and Board
      - If all is contributed towards tuition: $4,474.51 out of pocket
      - If only tuition money is contributed, $26,337.11 out of pocket
    6. If student is adding room and board: $62,956.00 with Room & Board
      - If all is contributed towards tuition: $20,008.51 out of pocket
      - If only tuition money is contributed, $41, 871.11 out of pocket
  - 2-Semester Breakdown:
    - (Note: Housing payment is monthly at $2871. The below plan assumes accumulation):
    - (Note: Book Stipend is twice a year at $500)
      - Semester 1, 108 days, 3.3 months (without orientation/health insurance fees)
        
        -$24,218.00 Mandatory Tuition and Fees
        
        +$21,084.89 Tuition and Fees VA payment
        
        +$10,931.00 Total Housing and Book Stipend VA Payment
        
        +$7,797.89 Leftover
      - Semester 2, 110 Days, 3.3 Months ( without health insurance fee)
        
        -$24,218.00 Mandatory Tuition & Fees
        
        +$7,797.89 Leftover housing and book stipend from previous semester
        
        +$10,931.00 Total housing and book stipend VA payment
        
        -$5,489.11 Out of pocket cost

Rate of Usage:

4 years of full-time, Post 9/11 Benefit is used by 29 months and 2 days, if only Fall & Spring semesters attended
3years of full-time, Post 9/11 Benefit us used up by 30 months and 6 days, if Fall, Spring, & Summers are attended
- Calculated using: Rate of Pursuit x days if training
  - Rate of Pursuit = # of credits/ # full time credits
    1. 12/12 = 100% Rate of pursuit
    2. 6/12 = 50% Rate of pursuit
    3. 8/12 = 66 % Rate of pursuit
    4. Number is not rounded as it is for MHA. Days of Training are when a student is certified by the School Certifying Official for being in class.
      - Example: Fall 2015, September 2-December 19
      - All months are calculated as 30 day months, inclusive
      - Total 108 days ( Student using 108 days at 12/12 will lose 108/30 days *100%)
        
        Equals 3 months and 18 days
        
        36 months minus 3 months and 18 days = 32 months, 12 days left ( Student using 108 days at 8/12 will lose 108 days *66%)
        
        Equals 71.28 days, 71 days rounded, or 2 months, and 11 days
        
        36 months minus 2 months and 11 days = 33 months, 19 days left

Book Stipend:

The books and supplies stipend is a lump sum payment (each quarter, semester or term attended) paid directly to the student when the school’s enrollment certification is processed. The stipend is prorated by the student’s length of service percentage. Active duty students are eligible, up to 1000$ per year.

Effective October 1, 2011. For NCD Schools, Apprenticeship, and OJT Programs a lump-sum Books & Supplies stipend in an amount equal to $83 for each month (prorated for partial months and benefit level).

Chapter 33 Undergraduate YRP

Example yearly finances for a recipient:

After service-member/spouse/child has applied via ebenefits.va.gov, and received
- Certificate of Eligibility, in the mail, indicates:
  - 36 Months of Benefit remaining
  - 100% Rate
  - Awarded All-University YRP by BU
  - MHA = Monthly Housing Allowance
  - MA Health insurance = $1,495.00 per year
  - Orientation Fee = $260.00 one-time
  - Room & Board = $14,520.00 per year
- 1-Year Breakdown:
  - Freshman undergraduate:
    - -$48,436.00 BU charged tuition & fees 2015-2016
      - Includes mandatory fees
      - Does not include mandatory MA health insurance
      - Does not include mandatory orientation fee
    - +$21,084.89 Tuition & Fee Payment 2015-2016
      - Paid to BU from the VA after beginning of enrolled classes
    - +$9,000.00 Tuition & Fee BU YRP Scholarship
      - Applied to student account after beginning of enrolled classes
    - +$9,000.00 VA YRP Payment
      - Paid to the school after beginning of enrolled classes
    - +$20,862.60 Aggregate MHA for the year
      - Semester 2, 110~ Days, 3.3 Months (without health insurance fee)
        
        -$24,218.00 Mandatory Tuition & Fees
        
        +$14,866.89 All-University YRP
        
        +$10,931.00 Leftover Housing & Book Stipend from last semester
        
        +$10,931.00 Total Housing and Book Stipend VA Payment
      - Paid to the student, monthly installments after classes start
        
        +$1,000 Book Stipend
        
        Paid to the student in 2-semester installments
        
        +$60,947.49 Total towards student
        
        -$48,436.00 Total Cost without Room & Board
        
        If all is contributed towards tuition, +$12,510.00 surplus
        
        If only tuition money is contributed, -$9,351.11 out of pocket
        
        -$62,956.00 Total Cost with Room & Board
        
        If all is contributed towards tuition, -$2,008.51 out of pocket
        
        If only tuition money is contributed, -$23,871.11 out of pocket

2-Semester Breakdown without Room & Board:
(Note: Housing payment is monthly at $2,871. The below plan assumes aggregation)
(Note: Book stipend is twice a year at $500)
- Semester 1, 108~ Days, 3.3 Months (without orientation/health insurance fees)
  - -$24,218.00 Mandatory Tuition & Fees
  - +$21,084.89 T&F VA payment
  - +$3,133.11 All-University YRP
  - +$10,931.00 Total Housing and Book Stipend VA Payment
  - +$10,931.00 Leftover
- Semester 2, 110~ Days, 3.3 Months (without health insurance fee)
  - -$24,218.00 Mandatory Tuition & Fees
  - +$14,866.89 All-University YRP
  - +$10,931.00 Leftover Housing & Book Stipend from last semester
  - +$10,931.00 Total Housing and Book Stipend VA Payment
  - + $12,510.00 surplus

2-Semester Breakdown with Room & Board:
(Note: Housing payment is monthly at $2,871. The below plan assumes aggregation)
(Note: Book stipend is twice a year at $500)
- Semester 1, 108~ Days, 3.3 Months (without orientation/health insurance fees)
  - -$24,218.00 Mandatory Tuition & Fees
  - -$7,260.00 Room & Board
  - +$21,084.89 T&F VA payment
  - +$3,133.11 All-University YRP
  - +$10,931.00 Total Housing and Book Stipend VA Payment
  - +$3,671.00 Leftover
- Semester 2, 110~ Days, 3.3 Months (without health insurance fee)
  - -$24,218.00 Mandatory Tuition & Fees
  - -$7,260.00 Room & Board
  - +$14,866.89 All-University YRP
  - +$3,671.00 Leftover Housing & Book Stipend from last semester
  - +$10,931.00 Total Housing and Book Stipend VA Payment
  - -$2,008.11 Out of Pocket

Chaper 33 MET MCJ

Chapter 33 Post 9/11 Financial Benefit Overview, Online MET MCJ Projected Rate

After service-member/spouse/child has applied via ebenefits.va.gov, and received

- Certificate of Eligibility, in the mail, indicates:
  - 36 Months of Benefit remaining
  - 100% Rate
  - MCJ = Masters of Criminal Justice
  - BU = Boston University
  - YRP = Yellow Ribbon Program
  - MHA = Monthly Housing Allowance
- 1 Year Breakdown:
  - MET Online MCJ Graduate Program:
    1. -$21,840.00 BU charged tuition & fees 2015-2016
    2. +$21,084.89 VA to BU Tuition & Fee Payment 2015-2016
    3. +$755.11 MET BU & VA YRP
      - Paid to BU from the VA
      - Tuition and Fees are $0 out of pocket
    4. +$7,293.50 Aggregate MHA , 290~ Days Non-standard Full-time terms
      - Paid to the student, monthly installments after classes start
    5. + $1,000 Book Stipend
      - Paid to the student in semester installments
    6. $30,133.50 Total towards student
      - Student keeps $8,293.50 for housing and books

Calculations are based on these units:

Spring, 2015

01/20/2015 – 03/09/2015 – 50 Days
03/17/2015 – 05/04/2015 – 48 Days

Summer 1, 2015

05/12/2015 – 06/29/2015 – 48 Days

Summer 2, 2015

07/07/2015 – 08/24/2015 – 48 Days

Fall2014

09/02/2014 – 10/20/2014 – 49 Days
10/28/2014 – 12/15/2014 – 48 Days

291 Days

6*4 = 24 credits per year

Book stipend = 24*41.67 = $1000

Rate of usage:

2 years of part-time, Post 9/11 Benefit are used up by 19 months and 10 days

Book Stipend: