Compliance: Isakson and 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 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:
Estimated total cost of the course that includes tuition, fees, books, supplies and any other additional costs.
Estimated cost of living expenses.
Other types of Federal financial aid, not administered by VA that is offered by the institution, that the individual may be qualified to receive.
Estimated amount of student loan debt the individual would have upon graduation.
Information regarding graduation rates.
Information regarding job-placement rates for graduates, if available.
Information regarding the acceptance of transfer credits including military credits.
Other Information to facilitate comparison
The College Financing Plan (CFP)
The College Financing Plan is designed to simplify the information that prospective students receive about costs and financial aid so they can easily compare institutions and make informed decisions about where to attend school. To access the College Financing Plan, please log into the MyLCCC portal -> BannerWeb -> Financial Aid Self Service.
VA estimated benefits do not appear as a financial aid award. Please reach out to the Office of Veterans and Military Services for additional information.
The ‘Paying for College’ Web Page
This site can be used by prospective students to enter the names of up to three schools and receive detailed financial information on each one and to enter actual financial aid award information. The Pay for College Tool.
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
The College Navigator
A consumer tool that 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. The College Navigator.
The Net Price Calculator
By completing the Net Price Calculator, you will be able to estimate your costs to attend LCCC, as well as explore the grants, scholarships, and other aid programs you may be eligible to receive. The Net Price Calculator.
GI Bill® Comparison Tool
A helpful tool to explore the right fit for your educational goal and benefits use. The GI Bill® Comparison Tool