VA Benefits - Home Loans, Education and More
The VA Home Loan
One highly publicized benefit is the VA Home Loan. Active-duty personnel who have served at least 24 months are eligible for the VA to arrange a guaranteed loan to buy or build a home. The maximum amount of the loan varies by location and lender organization, but a veteran can often get a guaranteed loan without a down payment. Reserve and National Guard soldiers who have served at least 6 years are also eligible, as are some soldiers who have served less time but were separated for hardship or disability.
VA Health Benefits
The VA sponsors hospitals in many cities around the country and veterans are usually eligible for care, based on need and availability. Veterans can also get inexpensive prescription refills at VA hospitals and clinics. Veterans with service-connected disabilities may be eligible for monthly compensation, as determined by a physical examination at a VA hospital.
The VA also offers educational benefits, such as the Montgomery G.I. Bill, which can provide financial assistance for up to 3 years of college-level study (including many non-college programs like trade certification training).
How to Contact the VA
The VA maintains a Web site at www.va.gov. On the site, you can find the VA center nearest you, as well as comprehensive information about other benefits.