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 U.S. Department of Veterans Affairs (VA). These new provisions apply to Institutions of Higher Learning and Non-College Degree institutions beginning August 1, 2021. Section 1018 codifies in statute 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.  

Hondros College of Nursing (HCN) will provide financial information to students 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 College Finance Plan (personalized shopping sheet) that contains:  

Estimated total cost of the course that includes tuition, fees, books, supplies and any other additional costs  

Cost of Attendance: the information is provided to assist students and families with financial planning. We include both direct costs (billed by HCN) and indirect costs (realistic allowances for things like living and personal expenses).

Estimated Costs Assistance:  

Estimated Indirect Costs per Academic Year

Amount of costs that are covered by VA Education Benefits (Chapter 30, 31, 33, 35 and 1606, amount dependent on the eligibility of the student) determined by the U.S. Department of Veterans Affairs (VA)  

Type and amount of Federal financial aid, not administered by VA, and financial aid 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 the acceptance of transfer credits, including military credits  

Any additional requirements including training, experience, or examinations that are required to obtain a license, certification or approval for which the course of education is designed to provide preparation  

Designated point of contact for covered individuals and family members seeking assistance

Veterans, veteran spouses, and veteran dependents may contact a School Certifying Official (SCO) with questions regarding Veteran education benefits. Students may be referred to other HCN offices as needed for specific issues:  

Other information to facilitate comparison by the individual about aid packages offered by different educational institutions  

Utilize your College Financing Plan to compare your aid package at HCN with other packages offered by different educational institutions. The College Financing Plan is a consumer tool that participating institutions use to notify students about their financial aid package. It is a standardized form that is designed to simplify the information that prospective students receive about costs and financial aid so that they can easily compare institutions and make informed decisions about where to attend school.  

Additional resources:  

  • 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 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 ‘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. You can also enter your financial aid offer information for schools you are considering for comparison purposes.  

  • HCN Net Price Calculator - By completing the HCN Net Price Calculator, you will be able to estimate your costs to attend HCN as well as explore the grants, scholarships, and other aid programs you may be eligible to receive. It is not intended to serve as a financial aid award notice.  

General College Finance Plan by Program