Walsh College

Education Benefits, Financial Aid, & Scholarships

There are three ways a veteran or eligible family member can fund their education:

  1. Veteran Education Benefits:  The GI Bill
  2. Military Education Benefits:  Tuition Assistance
  3. Financial Aid Options

To ensure you understand all of your options, work with our Financial Aid Office and review our scholarship offerings. The VA recommends all veterans fill out a FAFSA form. Having a basic understanding of all your financial options will help your benefits be processed more smoothly.

Students using the Post 9/11 GI Bill should contact a School Certifying Official to see how these funds will affect their educational benefits.


The GI Bill

GI Bill funding takes various forms, all of which help defray costs associated with completing a college degree. You may find you are eligible for more than one benefit. It is important to understand that you may qualify for more than one type of GI Bill Education benefit, but you will not be able to use them simultaneously.

  • Once your eligibility is determined, GI Bill benefits are paid on a ‘per day’ basis, not based directly on the tuition amount.
    For example, if you have a fall term totaling 80 days, you will only use 80 days of benefits.
  • Whether you are a full time student or a part time student, your benefits will be expended at the same rate. Additionally, most veterans can use the GI Bill to pursue more than one degree as long as they have time/days left to use. Contact us for tips to help you get the most out of your benefits.
  • Regardless of which chapter of the GI Bill you are using, you are only paid benefits for classes you attend.
  • If you drop a course or stop attending, payments for that term will be reduced by a prorated percentage.
  • Payment times vary per GI Bill. However, most benefits are paid monthly and payments are released at the beginning of the month for the month prior.

Visit our website for additional details about these benefits.  E-mail veterans@walshcollege.edu and ask for the “Things to Know” sheet to see if you should switch to the Post 9/11 GI Bill.


Tuition Assistance

Military Tuition Assistance (TA) is available through the military and has recently undergone some eligibility changes.  You apply through your branch of service and your CO or ESO should be able to assist you with this process.  TA has per credit hour and aggregate caps by branch.  The Walsh Military Grant Program, when combined with TA, will typically cover the cost of undergraduate tuition (depending upon branch).  View recent changes by branch.

In some cases, you can use both GI Bill funding and TA benefits simultaneously.  There are rules to consider if you wish to do this. Contact veterans@walshcollege.edu for assistance understading this process.


Financial Aid Options

Grants

Take the form of free money available based on need or military status.  To apply for federal or state grants, fill out the Free Application for Federal Student Aid (FAFSA) form.  Walsh offers two grants for bachelor or master seeking military students; both of which require completion of an internal application.  Any active duty or reserve service member is eligible for the Miltary Grant Program.  We also offer a $50 per credit hour grant to members of the Michigan National Guard.

Active Military Grant Program

This Walsh College grant is available to any active duty or reserve service members. There are no annual or semester caps. When this grant is combined with Military Tuition Assistance, all undergraduate tuition costs are covered and graduate tuition is reduced.

Michigan Army and Air National Guard Grant

Offers $50 per credit hour for MI National Guard members. 

Loans

There are private and federal loan options.  If a loan is needed, federal loans are generally preferred due to attractive interest rates and payback options.  Federal loans are not credit based; you can be eligible regardless of your credit score rating.  Private loans should only be considered as a last resort.

Scholarships 

There are several scholarships available for veterans.  Application processes vary.  Most will require essays, demonstration of need, and/or proof of military or veteran status.  Search for the scholarship that matches your background at Military.com

Marine Gunnery Sergeant John David Fry Scholarship

Available to children of an active duty member of the armed forces who has died in the line of duty after September 11, 2001.

Military Award Program

Offers scholarships to Active Duty, Reservists, as well as honorably discharged veterans.

National Military Family Association

Offers useful information regarding scholarships for military families.

National Association of Veterans Programs Administrators

Offers an annual $1000 scholarship to veteran and dependent undergraduate students. An essay, letter or recommendation and evidence of enrollment must be submitted. (Walsh is an approved NAVPA member college.) Refer to the NAVPA site for eligibility and application requirements.

Walter P. Rinkus Memorial Scholarship

This scholarship was established by Mike and Judy Rinkus to honor Mike’s father Walter P. Rinkus. Mike Rinkus is a veteran, full-time member of the College’s Economics and Finance Department and former Group Manager of the International Trade Finance area of Comerica Bank. Judy is a Senior VP at Bank of America. The scholarship will begin to be awarded in fall 2015.

Robinson-Coleman Endowed Scholarship

This scholarship was recently created by a Walsh alum and is available to any veteran showing financial need. The award will range from $1,000 to $3,000 per scholarship. There is at least one available for the fall 2014 term. Requirements include: must show proof of veteran status and maintain a minimum GPA of 2.500 (on a 4.000 scale). Preference will be given to applicants who apply by August 1. To find out if you qualify, fill out the 2014-15 FAFSA form and submit our internal scholarship application.

Pat Tilman Military Scholars Program

Supports our nation’s active and veteran service members and their families by removing financial barriers to completing a degree or certification program of choice. The scholarships cover direct study-related expenses such as tuition and fees, as well as other needs, including housing and child care.