Veterans
REMINDER: Presentation College will not enroll students for the 2023-24 academic year
Presentation College is proud to support the military and their families. With on campus and online programs designed to fit the needs of military veterans, service members and their families, PC is here to help you every step of the way.
Veteran Education Benefits-Programs
If you or family member have served in our country’s armed forces, you may be eligible for benefits at Presentation College. Current Veteran Education Benefits include:
- Chapter 30-Montogomery GI Bill-Active Duty (MGIB-AD)
- Chapter 31-Vocational Rehabilitation (VR&E)
- Chapter 35-Dependents’ Educational Assistance (DEA)
- Chapter 33-Post-9/11 GI Bill
- Chapter 1606-Montogomery GI Bill-Selected Reserve (MGIB-SR)
New to Veteran Education Benefits?
- Visit gibill.va.gov and click on “For Students”. Contains detailed information on applying for benefits, programs, payment rates and more.
- To apply for benefits, click on “Get Started” and “Apply for Benefits”. Select one of the four options. Presentation College encourages students to utilize the online application.
- Once you have applied, notify the certifying officials located in the Registrar’s Office. Individuals needing assistance with the application process, or who have questions, are welcome to make an appointment with a certifying official.
Have you received or are you currently receiving Veteran Education Benefits at another institution and are transferring to Presentation College?
- Visit gibill.va.gov
- Veterans or service members:
- Complete VA Form 22-1995-Request for Change of Program or Place of Training
- Dependents of a Veteran or service member:
- Complete VA Form 22-5495-Dependents’ Request for Change of Program or Place of Training
- All requests for change of program or place of training must be filed with the Registrar’s Office. Individuals needing assistance are welcome to make an appointment with a certifying official.
Timeline to Apply for Financial Aid
- Students are encouraged to complete their FAFSA and apply for scholarships and Veteran’s Benefits ASAP for each award year. Presentation College’s priority deadline for financial aid is March 1 of each year.
- After student applies for Veterans Benefits, PC will verify information and send back to VA for approval and payment. Payment wait times vary and depend on the VA.
- Once PC receives FAFSA information, the Financial Aid Office will review the information and package federal and institutional aid. Packages are typically ready by June 1 of each year.
- Billing statements sent to students in July each year for the upcoming fall semester. Payment plans are available and based on current balance. Payment arrangements are required to be in place by the first day of classes.
- If applying for private loans, we recommend students apply at least 30 days prior to start date of term or academic year.
- Financial Aid is considered estimated until after census date, which is typically late September in the fall term and late January/early February in the spring term.
Vocational Rehabilitation Assistance
- Complete vocational rehabilitation career counseling with a VA case manager
- Provide a completed copy of VA Form 28-1905-Authorization and Certification of Entrance or Reentrance into Rehabilitation and Certification of Status to the Registrar’s Office.
Federal Tuition Assistance
- Prospective Students who are eligible for Federal Tuition Assistance (FTA) must receive approval from the Educational Service Officer (ES) or counselor within the military service prior to enrolling at Presentation College.
Federal vs. Private Loan Information
It’s important to understand what types of loans you are offered. Generally, there are two types of student loans—federal and private.
- Federal student loans and federal parent loans: These loans are funded by the federal government.
- Private student loans: These loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school.
If you need to borrow money to pay for college or career school, start with federal loans.
Federal student loans include:
- Direct Subsidized Loans and Direct Unsubsidized Loans and
- Direct PLUS Loans (for graduate and professional students)
- Direct PLUS Loans (for parents). Parents are fully responsible for paying these loans, even though they are taken out to benefit students.
Differences between federal and private student loans
Federal student loans are made by the government, with terms and conditions that are set by law, and include many benefits (such as fixed interest rates and income-driven repayment plans) not typically offered with private loans.
In contrast, private loans are made by private organizations such banks, credit unions, and state-based or state-affiliated organizations, and have terms and conditions that are set by the lender. Private student loans are generally more expensive than federal student loans.
The chart below provides a summary of the differences.
Subject | Federal Student Loans | Federal Parent Loans | Private Student Loans* |
---|---|---|---|
When Payments become due |
Payments aren’t due until after you graduate, leave school, or change your enrollment status to less than half-time. | You (the parent) can choose to put off payments until the student you borrowed for graduates, leaves school, or changes enrollment status to less than half-time. | Many private student loans require payments while you are still in school, but some do allow you to defer (put off) payments while in school. |
Interest rates | The interest rate is fixed and is often lower than private loans—and much lower than some credit card interest rates. View the current interest rates on federal student loans. | The interest rate is fixed and may be lower than private loans—and much lower than some credit card interest rates. View the current interest rates on federal student and parent loans. | Private student loans can have variable or fixed interest rates, which may be higher or lower than the rates on federal loans depending on your circumstances. |
Subsidies | If you have financial need, you may qualify for a loan for which the government pays the interest while you’re in school on at least a half-time basis and during certain other periods. This type of loan is called a "subsidized loan." | These loans are not subsidized; therefore, you will be responsible for all the interest on your loans. | Private student loans are often not subsidized. In the case of an unsubsidized loan, you will be responsible for all the interest on your loan. |
Credit Check | You don’t need to get a credit check to qualify for federal student loans (except for PLUS loans). For PLUS loans, we will check your credit before determining whether you are eligible. Learn how someone with an adverse credit history may qualify for a PLUS loan. | We will check your credit before determining whether you are eligible. Learn how someone with an adverse credit history may qualify for a PLUS loan. | Private student loans often require an established credit record or a cosigner. |
Tax benefits | Interest may be tax deductible. | Interest may be tax deductible. | Interest may be tax deductible. |
Consolidation and refinancing | Loans can be consolidated into a Direct Consolidation Loan. Learn about your consolidation options. | Loans can be consolidated into a Direct Consolidation Loan. Learn about your consolidation options. | Private student loans cannot be consolidated into a Direct Consolidation Loan but may be refinanced. |
Postponement Options | If you are having trouble repaying your loan, you may be able to temporarily postpone or lower your payments. | If you are having trouble repaying your loan, you may be able to temporarily postpone or lower your payments. | You should check with your lender to find out about options for postponing or lowering your loan payments. |
Repayment Plans | There are several repayment plans, including an option to tie your monthly payment to your income. | There are several repayment plans, including an option to tie your monthly payment to your income if you consolidate your loans. | You should check with your lender to find out about your repayment options. |
Prepayment penalties | There is no prepayment penalty fee. | There is no prepayment penalty fee. | You need to make sure there are no prepayment penalty fees. |
Loan Forgiveness | You may be eligible to have some portion of your loans forgiven if you work in public service. Learn about our loan forgiveness programs. | You may be eligible to have some portion of your loans forgiven if you work in public service. Learn about our loan forgiveness programs. | Although many private lenders do not offer loan forgiveness programs, some student loans from state agencies can be forgiven in certain circumstances. |
Where to get Help | Contact your loan servicer first. If you have difficulty with your loan servicer, send us feedback. | Contact your loan servicer first. If you have difficulty with your loan servicer, send us feedback. | Contact your loan servicer first. If you have difficulty with your loan servicer, contact the Consumer Financial Protection Bureau for assistance. |
Other Helpful Information
- VA education benefit recipients must inform the Registrar’s Office of any changes in registration, withdrawal, or change in major
- Presentation College is a military-friendly institution. All students eligible for educational benefits from the Department of Veteran’s Affairs (VA) must submit a copy of eligibility documentation and the PC Education Benefit Information Form to the certifying official in the Registrar’s Office. The certifying official will process individual enrollment certification each term and will inform the Financial Aid and Student Account offices of the benefit.
- VA benefits will not impact the amount of federal financial aid a student is eligible to receive.
- Disclosure of VA Education Benefit should be made at the time of application to Presentation College
Helpful Links
- https://www.ebenefits.va.gov/ebenefits/homepage
- https://www.va.gov/gi-bill-comparison-tool
- https://www.benefits.va.gov/COMPENSATION/resources_comp01.asp
- https://gibill.va.gov/wave/index.do
- https://www.va.gov/
- https://www.va.gov/vaforms/search_action.asp
- https://www.vfw.org/
- https://www.goarmyed.com/
- https://www.af.mil/
- https://www.legion.org/
- https://www.uscg.mil/
- https://www.dav.org/
- https://www.marines.mil/
- https://www.navy.mil/
Points of Contact at Presentation College
Registrar Office (VA Certifying Official)
Email: registrar.office@presentation.edu
Phone: 605-229-8424
Career Learning Center -
Email: clc@presentation.edu
Phone: 605-229-8580
Financial Aid -
Email: financialaid@presentation.edu
Phone: 605-229-8429
Student Support Services
Phone: 605-229-8524