Section 1018 of Public Law 116-315, Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020, adds new requirements for educational institutions participating in the educational assistance programs of the U.S. Department of Veterans Affairs (VA). These new provisions became effective June 15, 2021 and apply to Institutions of Higher Learning and Non-College Degree institutions beginning August 1, 2021. Many of the requirements are consistent with the requirements of the Principles of Excellence, currently in Executive Order 13607; however, there are requirements in addition to those embodied in the Principles of Excellence which schools must also satisfy to maintain approval for GI Bill® participation.
Universities will provide financial information to students using benefits under chapter 30, 31, 32, 33, or 35 of title 38,U.S.C.,or chapter 1606 of title 10, U.S.C. with a College Financing Plan (personalized shopping sheet) that contains:
Estimated total cost of the course that includes tuition, fees, books, supplies, and any other additional costs
Cost of attendance (COA) estimates vary based upon a variety of factors such as School of enrollment and enrollment level. The COA includes both direct costs (billed by UVA) and indirect costs (realistic allowances for things like transportation and personal expenses).
Estimated Cost of Attendance
Estimated Cost of Living Expenses
Resources for Estimating Costs
Amount of costs that are covered by VA Education Benefits (Chapter 30, 31, 33, 35 and 1606, amount dependent on the eligibility of the student) determined by the U.S. Department of Veterans Affairs (VA)
- GI Bill Comparison Tool
- UVA Information for Military Affiliated Students
- Virginia Military Survivors and Dependents Education Program (VMSDEP)
Type and amount of Federal financial aid, not administered by VA, and financial aid offered by the institution, that the individual may be qualified to receive
- Undergraduate Financial Aid
- Graduate Financial Aid
- Darden School of Business
- School of Medicine
- School of Law
Students who apply for and receive a financial aid offer can also view the type and amount of Federal financial aid on their College Financing Plan available in the SIS.
Estimated amount of student loan debt the individual would have upon graduation
Job Placement Rates
Acceptance of Transfer Credits, including Military Credits
Any additional requirements including training, experience, or examinations required to obtain a license, certification, or approval for which the course of education is designed to provide preparation
Other Resources for comparing aid packages offered by different educational institutions
College Financing Plan
A model financial aid offer designed to simplify information that prospective students receive about costs and financial aid so they can easily compare institutions and make informed decisions about where to attend school. The College Financing Plan may be found in the SIS account after the student has been offered a financial aid package.
A consumer planning tool and resource to assist prospective students and their families evaluate options in selecting a school.
A consumer tool that provide school information to include tuition and fees, retention and graduation rates, use of financial aid, and student loan default rates and features a cost calculator and school comparison tool.