Isakson & Roe Requirements — 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 Department of Veterans Affairs (VA). These new provisions became effective June 15, 2021, and will 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.
Schools must provide a covered individual (a student using benefits under chapters 30, 31, 32, 33, or 35 of Title 38, U.S.C., or Chapter 1606 of Title 10, U.S.C.) with a personalized shopping sheet that contains:
The estimated total cost of the course that includes tuition, fees, books, supplies, living expenses, and any other additional costs.
Other types of Federal financial aid, not administered by the VA that is offered by the institution, that the individual may be qualified to receive.
The estimated amount of student loan debt the individual would have upon graduation.
Information regarding customer information: View the section on Consumer Information and Student Right-to-Know
Information regarding the acceptance of transfer credits including military credits.
Other information to facilitate comparison by the individual about aid packages offered by different educational institutions.
The ‘Paying for College’ Web Page - This site can be used by prospective students to enter the names of up to three schools receive detailed financial information on each one and enter actual financial aid award information. The tool can be accessed at: consumerfinance.gov/paying-for-college
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 Scorecard is located at: collegecost.ed.gov/scorecard
The College Navigator - A consumer tool that provides school information including tuition and fees, retention and graduation rates, use of financial aid, and student loan default rates, and features a cost calculator and school comparison tool. The College Navigator is located at: nces.ed.gov/collegenavigator
The Net Price Calculator - By completing our Net Price Calculator, you will be able to estimate your costs to attend as well as explore the grants, scholarships, and other aid programs you may be eligible to receive. The Net Price Calculator is located at: gmu.studentaidcalculator.com/survey.aspx
GI Bill® Comparison Tool - A helpful tool to explore the right fit for your educational goal and benefits use. The tool is located at: va.gov/gi-bill-comparison-tool/
