Education | Milk Your Military Benefits

From paying for your education to guaranteeing a loan for your home, military personnel are afforded a wide array of benefits for putting their lives on the line. Military benefits are not just limited to you, they also apply to your family, here's the scoop on milking your military benefits. If you're interested in a college education, the military can provide for up to 100 percent of your tuition costs. Why not take advantage of an all expenses paid college education? Milk your military benefits; let it help you achieve your college goals. The most important component of your military benefits is your compensation. There are various types of pay and allowances available to service personnel. In order to get the most of this military benefit, you need to be aware of them. Your basic pay is the main component of your salary and is received by all military personnel. Special pays are for specific qualifications or events. For example, aviators, parachutists and those involved in dangerous or hardship duties will receive special pay. Allowances are monies provided for specific needs like food or housing. Allowances are provided when the government does not provide for a specific need. Military members and their families who live on base will not receive a full housing allowance. Those who do not live on base will receive a larger allowance to help them in obtaining commercial housing. Most allowances are not taxable, and this is an added advantage. You can also milk your military benefits after leaving the service. A VA guaranteed loan is a home loan from private lenders made to eligible veterans. The Veterans Association can guarantee up to $417,000 of the total loan. You also don't have to worry about a down payment with a VA loan. There are many benefits afforded to both active and former military members. The first step is knowing about all the military benefits that are available to you.