Why is my check smaller than I expected?
Why is my check smaller than expected?
The most common reason a check may be less than the monthly rate is that checks are prorated based on the number of days in the month for which you are enrolled.
For example: Your full time rate is $800.00; however your term starts on August 19th and continues through December 14th. Payment for the month of August would include the 19th to the end of the month. (All months are based on 30 days, so months with more or less than 30 days would not affect the rate). Thus your payment for the month of August would be approximately $320.00. Payments for September, October, and November would be $800.00 each month and payment for December would be approximately $373.36 (prorated from the 1st to the 14th).
Here are other reasons your check might be short:
- An overpayment was deducted from your payment
- You reduced your training time after you received your award letter
Why do I have a debt with the VA over tuition and fees paid to my school?
When you enroll in school and take classes, you enter into an agreement with the school to pay for your classes and the associated fees. VA pays the tuition and fees to the school on your behalf when the School Certifying Official (SCO) certifies that you are enrolled in classes. By law, you are responsible for any debt incurred while receiving benefits under the Post-9/11 GI Bill. VA is required by law to recoup any debt.
You are responsible for keeping track of your tuition and fee account balance. Visit your school's financial office regularly to review your account, ensure the charges are correct and that payments and refunds are processed correctly. Contact your SCO to make sure the certification sent to the VA matches your schedule. Please contact the Debt Management Center (DMC) when you receive a debt letter, they are the sole authority in resolving debts.
The Debt Management Center may be contacted at 800-827-0648 or email@example.com .