Rate of Pursuit for Monthly Stipend
The VA calculates the amount of monetary entitlement based on the amount of credits taken during a standard semester, defined by the VA as 15-18 weeks in length.
Standard semester calculation (15-18 weeks):
- 3 credits per semester is less than half-time
- 6 credits per semester is half-time
- 7 credits per semester is more than half-time
- 12 credits per semester is full-time
Undergraduate semesters may run shorter than a standard semester; therefore, the following formula can be used to determine the entitlement eligibility for courses taken:
18 x the number of credits taken, divided by the length of the semester, measured in weeks.
18 x 4=72. 72/6=12
You have registered for one, 4-credit course, for a total of 4 credits, which run for 6 weeks.
18 x 4 (# of credits) = 72.
Divide 72 by 6 (# of weeks)
Equals 12 (credit hour equivalent in full semester).
Using the above example, the VA would consider 4 undergraduate credit hours at to be equivalent to 12 credits, or full-time attendance, for that semester.
Note that the above only applies to undergraduate courses, as graduate credit differs greatly.