Hampden-Sydney College participates in the Yellow Ribbon Program, a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. The Yellow Ribbon program allows degree-granting institutions to form a voluntary agreement with the U.S. Department of Veterans Affairs (VA) to fund tuition and fee expenses that exceed the annual tuition cap that the VA will pay. Click for current rates. The institution can contribute up to 50 percent of those expenses, and the VA will match the same amount. The program is open to qualifying veterans or their children, if benefits were transferred to them. 

Hampden-Sydney will contribute up to $12,000 yearly to your education, which is matched by the VA. The $12,000 from the College can consist of a combination of grants, from an academic scholarship awarded to you, or a Citizen-Leader Award, or any need-based grant. If the combination of scholarship and grant aid, plus the payments made by the VA (including the monthly housing allowance), exceed the College's total billed costs, your college aid will be reduced to equal billed costs.

For more information about the Yellow Ribbon Program, including eligibility criteria, visit benefits.va.gov/gibill.

To apply at Hampden-Sydney, contact the Financial Aid Office at 434-223-6119, Monday through Friday, from 8:30 AM to 5:00 PM. 

Yellow Ribbon Calculation Example

For this example, we will use the following assumptions:

  • You have at least 9 months of Post-9/11 GI Bill eligibility at 100% eligibility and you will use them for the entire academic year.
  • You have been awarded an $18,000 academic scholarship by the Admissions Office.
  • Total tuition and required fees for each semester are $23,445. Total room and board charges for both semesters are $13,712 (assuming double room rate and unlimited meal plan).
  • The VA’s monthly housing allowance payment is estimated at $12,070 for the academic year.

For the 2019-2020 academic year, the VA is paying up to $24,476.79 as an initial tuition payment for the year (2020-2021 amount will not be known until spring 2020).  This amount can be paid out completely in the fall semester depending on the tuition and fee charges. 

The fall semester tuition and fee charges of $23,445 will be covered by the $24,476.79 maximum initial VA tuition payment; therefore there will be no Yellow Ribbon payments for the fall semester because all the tuition and fee charges will be paid by the VA in the initial tuition payment.      

For the spring semester, the tuition and fee charges of $23,445 will first be paid by the remaining VA initial tuition payment of $1,031.79 ($24,476.79 maximum minus the fall semester amount of $23,445).  The remaining tuition and fees of $22,413.21 will be covered through the Yellow Ribbon match program.  The VA will pay ½ ($11,206.60) as its Yellow Ribbon match payment.  H-SC’s Yellow Ribbon match is covered by the academic scholarship, leaving $6,793.39 of the original $18,000 scholarship amount. 

At this point, all tuition and fee charges have been covered by either the VA or by the College through the Yellow Ribbon match.  That leaves the $13,712 in room and board charges.  The VA pays a monthly housing allowance directly to the student, adding up to an estimated $12,070 for the year.  Hampden-Sydney subtracts the total monthly housing allowance payment from the room and board charges, which leaves a remaining balance due of $1,642.  Since you still have $6,793.39 of your original academic scholarship remaining, we would use it to cover the $1,642 and your scholarship would then be recalculated to be $12,849 ($11,207 spring semester match plus the $1,642 remaining room and board charges). 

If you are a Virginia resident and verify your eligibility for the Virginia Tuition Assistance Grant ($3,400 estimated amount for 2019-2020), it would be used before calculating your final academic scholarship amount.  In this case, since there would not be a balance due ($1,642-$3,400), the academic scholarship would be the $11,207 spring semester match amount.  Therefore, in both of these cases, the academic scholarship would be reduced from its original $18,000 amount because all College billed costs have been paid by either the VA or Hampden-Sydney. 

Spreadsheet version of the Yellow Ribbon calculation example

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