Providence College Increases Funding For Yellow Ribbon Scholarships for Military Students
For Immediate Release: June 4, 2018
Providence, R.I. – June 4, 2018 – Providence College (PC) today announced that that the College will increase the maximum contribution for each Yellow Ribbon scholarship for military students to $8000 per person. Currently, the maximum available is $2500 per student. The number of undergraduates allowed to use this new tuition supplement is limited to ten per year.
The Yellow Ribbon Program is part of the Post-9/11 Veterans Educational Assistance Act of 2008. It is a benefit that has been designed to expand college access for veterans by providing the difference or a portion between the actual costs for tuition and fees (minus financial aid) and the amount of Post-9/11 GI Bill funds that exceed the national cap (2018 entitlement, $23,671.94). The institution determines the dollar amount that will be contributed toward each participant and the maximum number of participants to be funded during the academic year. The Department of Veteran Affairs (VA) then matches this contribution. The program is only open to veterans who are entitled to the maximum benefit rate and their dependent children.
Founded in 1917, Providence College is the only college or university in the United States administered by the Dominican Friars. The Catholic, liberal arts college has an undergraduate enrollment of approximately 4,000 students and offers degrees in 50 academic majors. Since 1997, Providence College consistently has been ranked among the top five regional universities in the North according to U.S. News & World Report’s “America’s Best Colleges.”