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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.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at 

Schools must provide a covered individual (a student using benefits under chapter 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:

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*Provides information about costs of tuition, fees, room and board, and health insurance.

Other types of Financial Aid available not administered by the VA

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*Typical total debt for undergraduate borrowers who complete college is $27,000.

Information regarding graduation dates            

Information regarding the acceptance of transfer credits 

Information regarding Job-placement after graduation 

Licensure requirements

Academic Advising 

For Financial Aid Assistance please contact Adriana Rodriguez or visit lakeforest.edu/admissions/financial-aid. 

Additional Resources:

- Provides school information to include tuition and fees, retention and graduation rates, use of financial aid, student loan default rates and features a cost calculator and school comparison tool.

- Assists VA educational benefit recipients explore higher education opportunities based on their educational goals and benefit use.

Post-9/11 GI Bill^®

Eligible veterans or their spouse/dependent may receive up to $28,937 for the entire 2024 - 2025 academic year, from the VA. 

Yellow Ribbon Program 

The College began its participation in this program in 2015 and remains a participating institution. The College currently considers funding an unlimited number of enrolled eligible students at any given time, with up to $36,000 in funds available (per person). 

The College’s portion of Yellow Ribbon funds may be in the form of a Lake Forest Grant,  academic or talent scholarships provided by the College, including Presidential, Phi Theta Kappa, College of Lake County Scholarships, Art, Music, Theater, etc.

Eligible students must reapply each year (first-come, first-served basis) showing continued eligibility for funding.

In order to be considered for the Yellow Ribbon Program students must complete a FAFSA. 

Federal and Private Sources

There are numerous sites that will help identify sources of funds for veterans and their spouses, children, grandchildren, etc. While we believe that the resources below are worthwhile, we do not guarantee the authenticity of the information or websites, and do not endorse the information or services offered. Deadlines and other dates are assumed to be valid annually.

By Branch

• Air Force -   
•  -  25 military-related resources 
•  

V.A. Programs

•   -  veterans/children
•  - Lake Forest participates as of 9/1/16

Other Resources 

• (general resource, various service branches)
•  child, (great)grandchild, WWI/II, Korea, Vietnam, etc
•  - Veterans, family members