Who is eligible for an AER loan?

Almost all active-duty soldiers and their dependents qualify for AER help, as well as military retirees; widows and orphans of soldiers who died on active duty or after retirement; medical retirees and their families; and members of the Guard and Reserve who have been activated for more than 30 days.

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Herein, can I get a cash advance on my VA disability?

A disabled veteran loan provides veterans who were discharged under honorable conditions with cash for anything, whether it is to upgrade to a handicap accessible vehicle, or to repay old high-interest loans through consolidating the debt. Borrowers can even use a single loan for multiple purposes.

Then, can the army help with debt? Military OneSource provides free financial counseling and financial management programs covering: … Debt consolidation and debt management. Assistance with housing issues. Guidance on savings, investing and retirement plans.

Also, can you get 2 AER loans?

There is no loan dollar cap, though soldiers are limited to two AER loans per year without command approval. Troops, regardless of rank, can also go through their commander for an immediate loan approval of up to $1,500. … Soldiers who refuse to repay may be disciplined by their chain of command.

Does AER give grants?

On an annual basis, AER provides over $50 million in Zero-Interest Loans and $10 million in grants to more than 45,000 Soldiers, and another $10 million in educational scholarships for Army Spouses and Children.

Does Red Cross help pay for military emergency leave?

The American Red Cross works in partnership with military aid societies to provide quality, reliable financial assistance to eligible applicants 24/7/365. Assistance can include funds for emergency travel, burial of a loved one, emergency food and shelter, etc.

Does the Army pay for flights for emergency leave?

However, emergency leave funding is processed through Military Personnel Division (MPD) and requires evaluation and determination of eligibility for Government funded travel. The Soldier’s command does not have the authority to fund EML travel.

How do I check my AER loan balance?

On the AER website, www.armyemergencyrelief.org, click on ‘MANAGE YOUR LOAN.” If “MANAGE YOUR LOAN” is not visible, click on the drop down next to “Assistance” and choose “Manage Your Loan.” Page 5 5 2. Next, click on “View Your Loan.” This will direct you to our loan portal to view your loan history.

How do I get an emergency soldier home?

If you are experiencing an immediate life-threatening emergency, call 911. To speak to a Red Cross Emergency Communications Specialist call 1-877-272-7337. You can initiate a request for Red Cross emergency assistance for members of the military currently serving on active duty by using the online self-service tool.

How does the AER work?

To calculate AER: Divide the stated interest rate by the number of times a year that interest is paid (compounded) and add one. Raise the result to the number of times a year that interest is paid (compounded) Subtract one from the subsequent result.

How long does it take to get AER loan?

within 48 hours

How much will AER give you?

AER’s most powerful program. Company Commanders or First Sergeants can approve financial assistance up to $2,000.

What army regulation covers Aer?

Army Regulation 930-4

What does relief from ADT mean?

active duty for training

What is emergency relief?

The program can fund capital projects to protect, repair, or replace facilities or equipment that are in danger of suffering serious damage, or have suffered serious damage as a result of an emergency. … For more information, see our Emergency Relief Program Overview presentation.

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