Schools will receive tuition & fees and Yellow Ribbon Program payments directly from the VA on behalf of each eligible student. VA sent a letter and an attachment to degree granting institutions requesting a Tax Identification Number and bank account deposit information. Schools that return this information to VA will receive payments via Electronic Funds Transfer (EFT). Should VA not have active EFT information for a school, payments will be issued by paper check to the mailing address on file.
VA will also mail School Certifying Officials a weekly "Vet Rep Listing Report" detailing VA education benefits students are receiving. Payments made directly to the schools will be listed on the report in a sub-section titled "Chapter 33 Tuition and Fees, and Yellow Ribbon Payments."