A Guide to the Benefits Available to Veterans

By: David Tindall
Saturday, March 19, 2016

Veterans of the United States military are now eligible for a full range of benefits through the Department of Veterans Affairs (VA). By gaining a complete understanding of the available benefits and the potential advantages these benefits can offer, veterans can maximize their quality of life in the coming years. In this post, our expert team provides a full overview of the benefits available to U.S. veterans.

Veteran Disability Programs

Veterans with a service-related disability may be entitled to over $3,300 in monthly benefits. These benefits are offered to those who have a disability due to active service related duties and are tax-free. To complete the application process for these programs, veterans will be required to submit their medical information to the VA, as well as file records on their dependents and spouses.

Educational Programs

Veterans who have committed their early careers to the U.S. military sometimes require training in non-military areas to enhance their job prospects. Educational programs such as the GI Bill support this process. The GI Bill allows for members of the military as well as their family members to have the costs of their education covered by the U.S. government. Training benefits available through the GI Bill include work study programs, college degree programs, and on-the-job apprenticeships.

Business Loans

To help veterans move forward after their military duty and succeed in their business life, the Department of Veterans Affairs offers business loans to military members. They also offer programs that help veteran business owners find alternative sources of financing for their organization and work with small businesses owned by veterans to help them acquire contracts with governmental organizations.

VA Guaranteed Home Loans

Through VA guaranteed home loans, the VA will guarantee up to $417,000 on a veteran’s home loan. VA loans also don’t require a down payment, ensuring that veterans can quickly find housing in desirable neighborhoods across the country. VA-guaranteed home loans are available with a competitive interest rate to further help veterans consolidate their home ownership costs.

Burials and Memorials

The VA also offers numerous ways to memorialize those who have been lost in combat. The burials and memorials benefits provided through the government help families pay for funeral services, burials, and headstones. As part of the funeral services, military veterans receive an honor guard.

By maintaining a comprehensive insight on the latest programs for veterans, American military families can secure their finances and build a successful life within their local community. To discover more on the range of veterans benefits, speak with our team today.

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