The University of Chicago Booth School of Business last week announced that it has expanded its scholarship support for U.S. military veterans who qualify for the Yellow Ribbon Program to include part-time MBA students. In April, Chicago Booth also announced an increase in scholarship support for full-time MBA students who qualify for the program, which is administered by the U.S. Department of Veterans Affairs (VA).
As part of the changes announced last week, part-time MBA students in Chicago Booth’s evening, weekend and executive programs who qualify under VA guidelines will also be eligible for the awards, the school announced.
Through the Yellow Ribbon Program, which is a supplement to the Post-9/11 Veterans Educational Assistance Act of 2008, Chicago Booth will offer $10,000 per year in scholarship support to all veterans who qualify beginning in the 2011-12 academic year. The VA will provide up to $10,000 in additional funding. The Yellow Ribbon awards are in addition to other VA funding available to veterans.
“Veterans constitute a unique asset for society, with considerable leadership potential and we are pleased to offer this increased scholarship support to them as small payback for all they have done,” Sunil Kumar, dean of Chicago Booth, said in a statement. “We are grateful for the many sacrifices veterans have made to safeguard our country.”
To qualify for the additional scholarship support, veterans must have served an aggregate period of active duty after September 10, 2001, of at least 36 months. Veterans who were honorably discharged from active duty for a service connected disability and served 30 continuous days after September 10, 2001, are also eligible, as are dependents eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a veteran’s service under the eligibility criteria.
For more information on the Yellow Ribbon Program, click here.
Read the full article: Part-Time MBA Students at Chicago Booth Can Now Qualify for Military Scholarships