Three Financial Aid Tips for Veterans at Marywood

Pursuing higher education can be a life-changing step for veterans, but the financial aspects can feel overwhelming. Fortunately, the GI Bill® provides significant support to make this transition easier. Whether you’re just beginning your college journey or returning to finish your degree, the GI Bill® can cover a substantial portion of your tuition, housing, and other educational expenses. At Marywood University, we’re here to help you make the most of these benefits while also exploring other financial aid options that can ease your financial burden.

Here are three key financial aid tips for veterans using the GI Bill® at Marywood University:

1. Know Your GI Bill® Options

One of the most powerful tools veterans have when pursuing higher education is the GI Bill®, but understanding which version of the GI Bill® applies to your situation is crucial. The Post-9/11 GI Bill® is by far the most widely used, offering extensive benefits that cover tuition, fees, and living expenses. However, depending on your length of service and other factors, you may also be eligible for other programs such as the Montgomery GI Bill® or the Yellow Ribbon Program, which can provide additional financial coverage.

At Marywood University, our Office of Military and Veteran Services works closely with the financial aid office to help you navigate the complexities of the GI Bill®. We assist in determining which benefits package best suits your situation based on your service history. For instance, veterans with service after September 11, 2001, can often qualify for the Post-9/11 GI Bill®'s full tuition coverage, housing allowances, and book stipends. On the other hand, the Montgomery GI Bill® offers monthly stipends, but might require a different approach when it comes to managing tuition costs.

The key is to understand the nuances of your eligibility. Veterans who qualify for the Yellow Ribbon Program, for example, can have their out-of-pocket costs further reduced if their tuition exceeds what the GI Bill® covers. This program is especially beneficial for veterans attending private institutions like Marywood University, where additional tuition costs might arise. Our team is here to help you understand the differences and ensure that you’re fully informed about your benefits so you can avoid surprises down the road.

2. Explore Additional Scholarships for Veterans

While the GI Bill® can cover a significant portion of your education costs, it’s not the only financial aid resource available to veterans. In fact, numerous scholarships are specifically designed to support veterans and their families as they pursue higher education. These scholarships can help cover additional costs that the GI Bill® may not fully address, such as books, technology, or housing. At Marywood, we encourage veterans to seek out and apply for these opportunities to further lighten their financial load.

In addition to national organizations that provide scholarships for veterans—like the Pat Tillman Foundation, AMVETS, and the Veterans of Foreign Wars (VFW)—Marywood University also offers scholarships specifically for veterans and military-affiliated students. These scholarships recognize your service and sacrifice, providing you with extra financial support that can make a big difference, especially for those balancing school with family responsibilities.

Our Office of Military and Veteran Services can assist you in identifying and applying for these scholarships. We provide guidance on where to find the best opportunities and help you navigate the application process, ensuring that you take full advantage of all available financial aid. Many of these scholarships have specific requirements, such as maintaining a certain GPA or participating in community service, but they can be an excellent way to supplement your GI Bill® benefits and cover extra expenses.

It’s worth noting that some scholarships are stackable, meaning you can combine them with other forms of financial aid. This flexibility can further ease the cost of attending school, especially when it comes to expenses like textbooks, lab fees, or even housing. By taking the time to explore these options, you could significantly reduce your out-of-pocket expenses.

3. Plan for Housing and Living Expenses

One of the great benefits of the Post-9/11 GI Bill® is the Monthly Housing Allowance (MHA), which provides veterans with financial support for their living expenses while they’re in school. This allowance is based on the cost of living in the area where your school is located and is adjusted according to whether you attend full-time or part-time. For veterans attending Marywood University, which is located in Scranton, Pennsylvania, the MHA can be a significant source of financial assistance, covering a substantial portion of your rent or mortgage while you focus on your studies.

It’s important to note that the amount you receive through the MHA depends on several factors, including where you live, whether you’re enrolled full-time or part-time, and whether you’re taking online or in-person courses. For veterans living on or near campus, this allowance can help offset the cost of rent, utilities, and other living expenses, giving you peace of mind while you pursue your education.

To maximize the benefit of your MHA, it’s crucial to plan ahead. Start by researching the housing market in the Scranton area and determine what kind of living situation fits your budget. Marywood’s Office of Military and Veteran Services can help you understand how much MHA you’re eligible for and connect you with resources to find affordable housing options.

In addition to the MHA, some veterans may qualify for additional assistance through programs like the Federal Work-Study Program, which allows students to earn money while working part-time. By strategically planning for your housing and living expenses, you can ensure that your finances remain stable throughout your time in school.

We’re Here to Help

At Marywood University, we know that navigating the financial aspects of higher education can be complex, especially for veterans. That’s why our Office of Military and Veteran Services is dedicated to helping you every step of the way. From maximizing your GI Bill® benefits to exploring scholarships and planning for living expenses, we’re here to ensure that you have the financial support you need to focus on what really matters: your education and future success.

Reach out to us today, and let’s work together to make the most of the financial resources available to you as a veteran. At Marywood, we’re committed to helping veterans succeed both academically and personally. With the right financial plan in place, you can achieve your educational goals and build a bright future.