The maximum Post-9/11 GI Bill payment for tuition and fees at private and foreign schools will increase to $19,198.31 for the 2013-14 academic year, the Veterans Affairs Department has announced.
The new cap, which will take effect on Aug. 1, is a 6.2 percent increase over the current limit. That is almost double the 3.3 percent hike that took effect for the current 2012-13 academic year.
The rate increase is determined by the average rise in the cost of undergraduate tuition, under a formula set in law. The Post-9/11 GI Bill pays full tuition for in-state students attending public schools but caps the maximum payment for private colleges and universities based on the national tuition and fee rates.
Out-of-state students attending public colleges and universities are limited to tuition and fees at the in-state rate, but may be able to cover some of their costs if their school takes part in the Yellow Ribbon Program, which supplements normal GI Bill payments. Under that program, VA matches dollar-for-dollar any tuition reduction approved by the school for a student using the Post-9/11 GI Bill.
For the 2013-14 academic year, vocational flight training will be capped at $10,970 and payments for correspondence courses cannot exceed $9,324.89. These new rates are also 6.2 percent above the 2012-13 rates.