Whether you were in the Army, Navy or another division of the military, serving in the military is a huge accomplishment. You dedicated your time to protect your country and you should be very proud of yourself. The government recognizes your huge accomplishment and offers veterans many benefits. Here are six ways you can take advantage of your military service.
Free or Low-cost Medical Care
If you served in the military, you have the option of getting free or low-cost medical care in a VA hospital. The Department of Veteran’s Affairs has to give eligible veterans hospital care and other health services as needed. If you need help with an old injury or suddenly become ill, you can get affordable healthcare.
One of the benefits of serving in the military is that you can receive a free education. To receive the most money, you have to serve in the military for at least 36 months. You might also be able to qualify for money for tutoring and books.
Reduced Interest Rates
If you served in the military, you might qualify for reduced interest rates on your house, car loan and credit cards. However, these debts had to have occurred before you served in the military. You also have to prove that your income was reduced by serving in the military.
Apartment Lease Termination
If you are suddenly deployed to a new location, you are allowed to break your apartment lease. You can terminate the lease early without owing any money to the leasing company.
If you got a disability during your service, you can qualify for disability compensation. It is possible to get up to $3,000 a month. You might even be paid more money if you have lost your limbs or have a seriously disabled spouse.
If you served in the military, you can qualify for a VA loan so that you can buy a home. You can secure a fixed rate loan with very little money down. This can be a great option if you don’t have a lot of money saved up for a home. You will also want to find the lowest VA loan rate possible. Obtaining a VA loan takes a bit longer than obtaining a traditional loan, but it is completely worth it in the end.
As you can see, there are a lot of benefits of serving in the military. If you served in the military, you should definitely take advantage of these benefits because you deserve them.
This article was written by Kandace Heller. Kandace is a freelance writer from Orlando, Florida. She is a graduate of the University of Florida. Kandace loves writing about health and fitness, but will write about just about anything.