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Isakson and Roe Act

Section 1018 of Public Law 116-315, Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020, adds new requirements for educational institutions participating in the educational assistance programs of the U.S. Department of Veterans Affairs (VA). These new provisions became effective June 15, 2021 and apply to Institutions of Higher Learning and Non-College Degree institutions beginning August 1, 2021. Many of the requirements are consistent with the requirements of the Principles of Excellence, currently in Executive Order 13607; however, there are requirements in addition to those embodied in the Principles of Excellence which schools must also satisfy to maintain approval for GI Bill® participation.

Universities will provide financial information to students using benefits under chapter 30, 31, 32, 33, or 35 of title 38,U.S.C.,or chapter 1606 of title 10, U.S.C. with a College Financing Plan (personalized shopping sheet) that contains:

Estimated total cost of the course that includes tuition, fees, books, supplies, and any other additional costs

Cost of Attendance
Cost of attendance estimates vary based on enrollment level each semester and a variety of other factors and consist of direct costs (expenses paid directly to the school) and indirect costs (expenses incurred while in school).

Estimated Costs
Additional financial aid information, including comparisons, can be found in Banner Self-Service by clicking on "View Financial Aid."
Estimated cost of living expenses
Other types of Federal Financial Aid, not administered by VA, that is offered by the institution the individual may be qualified to receive
Amount of costs that are covered by VA Education Benefits (depending on the eligibility of the student) determined by the U.S. Department of Veterans Affairs (VA)
Other information to facilitate comparison by the individual about aid packages offered by different educational institutions

GI Bill® Comparison Tool – A helpful tool to explore and calculate your estimated benefits and research approved education programs.

For further information regarding your specific federal benefit, go to www.gibill.va.gov or review your Department of Veterans Affairs Certificate of Eligibility letter.

Estimated amount of student loan debt the individual would have upon graduation
Graduation rates
Requirements for graduation and graduation timeframe
Job placement rates for graduates
Acceptance of transfer credits, including military credits
Any additional requirements to obtain a license, certification, or approval 
Designated employees at William & Mary serving as a point of contact for covered individuals and family members seeking assistance
Other Whom to Ask areas:
Other resources

Resources/definitions and tools helping facilitate comparisons by the individual to evaluate options when choosing a school.

  • The College Scorecard
    A consumer planning tool and resource to assist prospective students and their families as they evaluate options in selecting a school.
  • The College Navigator
    A consumer tool that provides school information to include tuition and fees, retention and graduation rates, use of financial aid, student loan default rates and features a cost calculator and school comparison tool.
  • The ‘Paying for College’ Web Page
    This site can be used by prospective students to enter the names of up to three schools and receive detailed financial information on each one. You can also enter your financial aid offer information for schools you are considering for comparison purposes.
  • The Financial Aid Shopping Sheet/College Financing Plan
    A model aid offer letter designed to simplify the information that prospective students receive about costs and financial aid so they can easily compare institutions and make informed decisions about where to attend school. The shopping sheet can be accessed through your myW&M Banner Self-Service account after the student has been offered a financial aid offer package.
  • Cost of Attendance
    To determine the total cost of attendance, please contact the financial aid office for your program of study.

 

GI Bill®™ is a registered trademark of the U.S. Department of Veterans Affairs (VA).

To review all guidelines from the U.S. Department of Veterans Affairs (VA) Isakson and Roe Fact Sheet: Isakson and Roe Veterans Health Care and Benefits Improvement Act of 2020