Some Options For Financial Assistance For Veterans

Posted on: 30 March 2022

If you served in the military and find yourself in need of financial aid, there are a number of ways to get the help you need. You will need to determine the type of help required and apply to the proper organization or program. Here are just a few of the options and categories available.

Educational Grants

Depending on when you served, different GI bills were created to help all military personnel and their dependents get an education. Whether you are looking at a college, university, or trade school, there is help available. The easiest way to find out what kind of help you can receive is to go to the financial aid department of the school you would like to attend. They will have someone who works with veterans to find out which GI bill they have to help you get the funding you need.

Home Loans

The Department of Veterans Affairs (VA) has a home loan program for veterans. While they do not carry the loan, they do offer a guarantee to the lender. If you do default on the loan, the VA promises to pay a portion of the balance to the lender. This provides some security to the lender so they are more apt to give you the loan. In addition, you will not have to come up with a down payment for the loan, making it easier for you to buy a home.

Emergency Assistance

Life happens and sometimes that means you need a helping hand to get back on your feet financially. As a veteran, you have options for this help. Contact the VA and any veterans groups in your area to see how they can help. Quite often they can help find you a place to live, providing the initial deposits and even a few months' rent. If their funds have been depleted, they will know of other organizations that can help.

Disability Benefits

Just because you were healthy and strong when you left service does not mean that a current medical issue is not related to your military service. If you find you have a medical situation that keeps you from being able to work, go to a VA hospital for a complete evaluation. Quite often, physical, mental, and/or emotional problems do not show up or limit your life for many years. 

If you find yourself in a financial bind, contact the local VA office to find help. You served your country proudly, let the country help you maintain your self-pride.

For more information, contact a veterans assistance programs, such as Veterans Advocacy Associates.


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