VA Funding
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In addition to obvious Importance of Today's Military, we do not forget the roots of our Hot Rodding Tradition - The returning WWII Vets and their need for speed! Veterans attending Hot Rod Institute have a few options of educational programs that will determine their VA Benefits.
The Post-9/11 GI Bill (Chapter 33), Montgomery GI Bill (Chapter 30), the Survivors' and Dependents' Educational Assistance Program (Chapter 35) along with other VA Benefits that have been approved for education at Hot Rod Institute. The amount of benefits a student receives using VA Benefits will differ depending on which of GI Bills is used and the approved percentage of benefits.
In 2010 The President signed The Post-9/11 Veterans Education Assistance Improvements Act of 2010. Among the improvements to the Chapter 33 GI Bill lies this incredibly helpful change - starting in October of 2011 non-college degree programs, on-the-job training, and flight training programs are now covered. This means students will now be able to use the Post 9/11 GI Bill towards education at Hot Rod Institute. The VA states...
- “Non-college degree (NCD) programs: Pays actual net cost for in-State tuition and fees at public NCD institutions. At private and foreign institutions, pays the actual net costs for in-state tuition and fees or $18,077 whichever is less. It also pays up to $83 per month for books and supplies.”
Students who have been approved for 100% of the Montgomery GI Bill (Chapter 30) would receive around $1,111 a month to cover both tuition and housing. This would be around half of the tuition needed to attend HRI. The remaining tuition not covered by the could be paid for with a Smart Option Student Loan from Sallie Mae or Title IV Funding (after accreditation).
Contact the Director of Admissions, Kyle Harder, for more information about using your VA Benefits at Hot Rod Institute or download the HRI VA Info Sheet. Students will need to email or fax HRI a copy of their Certification of Eligibility from the VA to the HRI Director of Admissions.
Veterans can find more info on the GI Bills and contact info for Veterans Affairs agencies at:
http://www.gibill.va.gov/benefits/post_911_gibill/index.html
http://mva.sd.gov/veterans_affairs.html