Investment Advice For Veterans

Loans for federal employees
Federal student loans are offered by the U.S. Department of Education. These loans are designed to help students finance their education at any accredited college, university, vocational school, or graduate program. There are two types of federal student loans: subsidized and unsubsidized.
Subsidized loans are government-backed loans where the government pays off the loan if the borrower agrees to repay it. Unsubsidized loans are private loans that do not have the backing of the federal government.
2. Direct Subsidized Loan
The Direct Subsidized Loan (DSL) is a type of federally guaranteed student loan that provides low interest rates and flexible repayment terms. A DSL is issued directly by the U.S Department of Education to eligible borrowers. Borrowers may use these loans to pay for undergraduate coursework, including tuition, fees, books, supplies, room and board, and other expenses related to attending school.
3. Perkins Loan
Perkins Loans are funded by the U.S Treasury and administered by the U.S Dept. of Education. Perkins Loans are intended to provide assistance to students who demonstrate financial need. Eligible borrowers can borrow money to attend any public, nonprofit institution of higher learning. Perkins Loans are available for both undergraduate and postgraduate study.
4. Stafford Loan
Stafford Loans are provided by the U.S Government and are available to undergraduate students only. Stafford Loans are based on financial need and are available for undergraduate study.
5. PLUS Loan
PLUS Loans are provided by the US Government and are available to parents of dependent children enrolled full time at an eligible educational institution. PLUS Loans are based on financial needs and are available for undergraduate studies.
6. Parental PLUS Loan
A parental PLUS loan is a type of loan that is granted to parents who wish to assist their child(ren) with the cost of attendance at an eligible educational institution, whether they are undergraduates or graduate students. Parents must meet certain eligibility requirements and complete a Free Application for Federal Student Aid (FAFSA).
7. FFEL Loan 1. Federal Student Loan Refinancing Program (FSLRP)
The FSLRP was created in 2007 under the American Recovery and Reinvestment Act of 2009. It offers refinancing options to eligible borrowers who have outstanding student loan debt. Eligible borrowers may refinance their existing loans at lower interest rates and repay them over a longer period of time. Borrowers can use the funds they receive to pay off their student loans faster, consolidate their loans, or make payments toward any other type of loan.
2. Direct Subsidized Loans
Direct subsidized loans are offered to students loans for federal employees who meet certain eligibility requirements. These loans are offered to undergraduate students who do not qualify for federally-subsidized Stafford loans. Students must have a household income below $50,000 per year and a credit score of 620 or higher.
3. Direct Unsubsidized Loans
Direct unsubsidized loans are offered to students whose household incomes exceed $50,000 per annum. Students must maintain a minimum grade point average of 2.75 and a cumulative GPA of 3.0.
4. Perkins Loans
Perkins loans are offered to students enrolled full-time in degree programs leading to careers in teaching, nursing, social work, law enforcement, fire protection, emergency medical services, and public administration. To qualify for these loans, applicants must have a household income between $40,000 and $60,000 per year.
5. PLUS Loans
PLUS loans are offered to parents of dependent children who are pursuing degrees in education, medicine, dentistry, veterinary science, optometry, pharmacy, podiatry, chiropractic, osteopathy, physical therapy, respiratory care, speech pathology, audiology, psychology, counseling, social work, marriage and family therapy, dietetics, occupational therapy, athletic training, business management, criminal justice, cosmetology, and theology. Applicants must have a household income of less than $80,000 per year and be enrolled in school full-time.
6. Parental PLUS Loans
Parental PLUS loans are offered to parents who are seeking advanced degrees in fields such as engineering, architecture, computer science, mathematics, physics, chemistry, biology, and medicine. Parents must have a household income greater than $100,000 per year and must be enrolled in school full time.
7. Public Service Loan Forgiveness
Public service loan forgiveness is offered to individuals who perform specified types of public service jobs. In order to qualify, borrowers must have made 120 qualifying monthly payments while working for a qualified employer. Qualifying employers include schools, hospitals, libraries, museums, non-profit organizations, government agencies, and community colleges. 1. Federal Employee Credit Union (FECU)
Federal Employees' Credit Union (FECUs) are federally chartered credit unions serving over 200,000 active members nationwide. FECUs offer a variety of financial services including checking accounts, home equity loans, auto loans, mortgages, small business loans, personal loans, student loans, and much more.
2. Military Finance
Military Finance offers financing solutions for military personnel and their families. Their loan products include car loans, education loans, home improvement loans, and even small business loans.
3. Navy Federal Credit Union
Navy Federal Credit Union serves over 1.8 million members nationwide and offers financial services like savings accounts, certificates of deposit, money market accounts, and mortgages.
4. National Credit Union Administration (NCUA)
The NCUA was created in 1934 to protect consumers from banks and thrifts who failed during the Great Depression. Today, the NCUA insures deposits at nearly 12,000 credit unions and community-based lenders across the country.
5. United States Department of Veterans Affairs (VA)
The VA provides banking services to veterans and their dependents. Services offered include checking accounts, home equity lines of credit, mortgages, and small business loans.
6. U.S. Bank
U.S. Bank is a national bank headquartered in Minnesota. They offer a wide range of financial products and services including checking accounts, credit cards, mortgages, and small businesses loans.
7. Wells Fargo
Wells Fargo is a diversified financial services company based in San Francisco, California. They provide banking services like checking accounts, credit cards and mortgages.