This website is not affiliated with the U.S. government or military.

Do Special Loan Services Exist for Veterans Waiting for Their Post 9/11 GI Bill Monthly Housing Allowance?


Q: Is there any special loan services for veterans waiting for GI Bill BAH? I can’t keep getting credit checks for loans only to get shot down because I “don’t have an income” nor a cosigner because at this rate my credit score will go down. I need money for rent and food! Due to school processing application time I can’t touch a fed student loan for at least 8 weeks! Any ideas? Please help!!!

A: Unfortunately, there isn’t any loans you can get through the VA. Right now applications are taking around 8 weeks to process, but as the VA brings their Long Term Solution software online, processing time is getting shorter.

One tactic that some GI Bill students have been successful using is if you have an eviction notice, send a copy of it in to the VA. Many times that will speed up the processing and get your money to you faster. It seems to give your application a priority and gets it processed faster than others in the system.

Once you get your first payment, then you can expect to get the rest of the payments for that semester shortly after the first of each month. However, know the process will start over again at the beginning of each semester, so plan ahead for the lean times.

If you are not working right now, see if you can find a part-time or temporary job where you can earn at least some income. Also, many schools offer a work-study program that can generate some money to help you out.

Whatever you do, stay away from some of the “quick loan” places. While they can provide a short-term solution now, it comes at a very high cost – usually triple digit interest, which just ends up getting you deeper in debt in the long run.


Privacy Policy | About Us | FAQ | Terms of Service | Disclaimers | Do Not Sell My Personal Information (CA and NV residents)

Copyright © 2020 EducationDynamics. All Rights Reserved.

This is a private website that is not affiliated with the U.S. government, U.S. Armed Forces or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site is not connected with any government agency. If you would like to find more information about benefits offered by the U.S. Department of Veteran Affairs, please visit the official U.S. government web site for veterans’ benefits at http://www.va.gov.

The sponsored schools featured on this site do not include all schools that accept GI Bill® funding or VA Benefits. To contact ArmyStudyGuide, email us.

Disclosure: EducationDynamics receives compensation for the featured schools on our websites (see “Sponsored Schools” or “Sponsored Listings” or “Sponsored Results”). So what does this mean for you? Compensation may impact where the Sponsored Schools appear on our websites, including whether they appear as a match through our education matching services tool, the order in which they appear in a listing, and/or their ranking. Our websites do not provide, nor are they intended to provide, a comprehensive list of all schools (a) in the United States (b) located in a specific geographic area or (c) that offer a particular program of study. By providing information or agreeing to be contacted by a Sponsored School, you are in no way obligated to apply to or enroll with the school.

This is an offer for educational opportunities that may lead to employment and not an offer for nor a guarantee of employment. Students should consult with a representative from the school they select to learn more about career opportunities in that field. Program outcomes vary according to each institution’s specific program curriculum. Financial aid may be available to those who qualify. The financial aid information on this site is for informational and research purposes only and is not an assurance of financial aid.

Enter to Win $1,000 for College From Lending Tree. Deadline to Enter January 31, 2022.

X

Enter NOW! Niche's $2,000 Scholarship Giveaway, Deadline July 31, 2021

X