Georgetown University’s McDonough School of Business (MSB) will expand its Yellow Ribbon Program (YRP) scholarships, effective Aug. 1, 2023, according to a recent announcement. The expansion will increase annual graduate-level YRP maximums from $16,000 to $20,000 for each qualifying student and reflects the school’s ongoing efforts to make advanced degree programs more accessible for military-connected students.
YRP is a voluntary agreement between U.S. colleges and universities and the U.S. Department of Veterans Affairs to finance part or all of military-connected students’ tuition and fees not covered by the Post-9/11 G.I. Bill. A spring 2022 assessment from Georgetown’s Military and Veterans’ Resource Center (MAVRC) found that almost two-thirds of military-connected students said the university’s participation in the YRP was a critical factor in their decision to attend.
“Georgetown McDonough is situated as a leading business institution in Washington, D.C., where we have the duty and honor of taking care of our veteran community who reside in the nation’s capital,” said Paul Almeida, dean and William R. Berkley Chair of the McDonough School of Business. “We are proud to increase our Yellow Ribbon funding for these admirable service members to ensure they are able to further their education without any additional burdens or costs.”
Earlier this year, Georgetown University announced plans to increase YRP benefits for main campus undergraduates from $5,000 to $8,000 per year.