Walsh College

Funding Your Education

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

See below for details.  Also, Walsh College offers a variety of other resources including: Veteran Scholarships, Grants and Financial Aid.  Contact a School Certifying Official for additional assistance.

Veteran Education 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® .

Military Education Benefits: 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). 

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 a School Certifying Official for assistance understanding this process.

Financial Aid Options

National Research Directory

Search for the scholarship that is right for you using the National Resource Directory, www.nrd.gov (it's a tab in eBenefits as well).  They have a search engine that helps you filter your needs and find the scholarship that is right for you. 

Grants

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 dute or reserve service member is eligible for our Military Grant Program. We also offer a $50 per credit hour grant to members of the Michigan National Guard. 

Scholarships

There are many scholarships for student veterans. Application processes vary. Most will require essays, demonstration of need, and/or proof of military or veteran status. Search the National Resource Directory listed above to find a scholarship that meets your needs. 

Walsh has two veteran specific scholarships:

The Robinson-Coleman Endowed Scholarship for Veterans was created by one of our alums, Amy Coleman, BAC ’90. Amy is Vice President and Chief Financial Officer at The Kresge Foundation in Troy, Michigan.  She is establishing this scholarship to honor several of her family members who served in the United States military and to recognize all veterans for their valiant service.

The Robinson-Coleman Endowed Scholarship is available to any veteran showing financial need.

Requirements are:

  • You must show proof of veteran status
  • You must maintain a minimum cumulative GPA of 2.500 (on a 4.000 scale). 

 The award will range from $1,000 to $3,000 per scholarship.

To find out if you qualify, fill out the 2014-15 FAFSA form (www.fafsa.gov), and submit our internal scholarship application.

 *Applications for the 2015 - 2016 school year are due May 1, 2015. Contact finaid@walshcollege.edu for additional information.

Starting fall 2015 we will begin awarding the Walter P. Rinkus Memorial Scholarship for Veterans, which was established by Mike and Judy Rinkus to honor Mike’s father Walter P. Rinkus.  Mike Rinkus, himself a veteran, is a full time member of the College’s Economics and Finance Departments and former Group Manager of the International Trade Finance area of Comerica Bank. Judy Rinkus is Senior Vice President at Bank of America.

The Walter P. Rinkus Scholarship will be available to new student veterans. Applications for th 2015 - 2016 school year are due May 1, 2015. To apply, submit our internal scholarship application.  Contact finaid@walshcollege.edu for additional information.

Loans

There are federal and private 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.