Important Updates & Changes NOTE: Yellow Ribbon guidelines have changed for 2015-16 Undergraduate and graduate students in CPS (Humanities and Education) and the College of Computers & Information Sciences, as well as graduate students in College of Business and Economics who are awarded 100% eligibility on their Post 9/11 GI Bill benefit are eligible for the Regis University Yellow Ribbon Program. Once the student reaches his or her tuition cap of $20,235.02 the Yellow Ribbon program automatically kicks in. Regis pays an additional $1,500 per year to the student’s tuition; the VA matches this amount totaling $3,000 toward the student’s tuition and fees. If the Yellow Ribbon amount is exhausted, the student is responsible for all outstanding tuition and fees. Public Law 111-377 Public Law 111 – 377 changes the amount of tuition and fee charges that should be reported to the VA. For periods of enrollment beginning on or after August 1, 2011, all schools must report the following charges: The actual net cost for in-state tuition and fees assessed by the institution for the program of education after the application of any waiver of, or reduction in, tuition and fees; and any scholarship, or other Federal, State, institutional or employer-based aid or assistance (excluding loans and title IV funds) that is provided directly to the institution and specifically designated for the sole purpose of defraying tuition and fees. Aid or assistance that is not designated for the sole purpose of reducing a student’s tuition and fee cost should be deducted from the net in-state charges reported to VA. Q: What does this mean to me as a student? A: If you receive College Opportunity Fund (COF) aid or if you receive Regis University’s Online Tuition Allowance, allowing you to take an online course at the classroom rate, your account will be adjusted and Regis University will be deducting both of these out of the total amount of tuition that is certified to the VA. COF monies are not disbursed or assessed to any student’s account until after the add/drop period of the 5 week 3 term. Due to this regulation and COF disbursement, ongoing amendments will not be made to certifications each term until two weeks after the add/drop date. You may see a credit balance on your account during the time frame we are waiting to amend certifications; however this credit balance will not be available to you because the funds will be returned to the VA.