Financial Help for Veterans

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    Home Modification

    • Severely disabled veterans sometimes need custom help in their homes and vehicles so that they can function better. These veterans can receive a Specially Adapted Housing Program grant. These grants can help provide up to $12,000 for veterans who suffer from acute blindness, loss in use of both hands, and disability due to severe burns. These grants are designed for use in U.S. homes, but can be used for overseas homes at the discretion of the Veterans Service Center.

    Disability Compensation

    • Disabled veterans rated by the VA compensation board receive a monthly nontaxable financial benefit. The rating on which the benefit is based is determined after consideration of a veteran's medical history during the service. A 10 percent rating would garner a veteran $123 per month, while a veteran with a 50 percent rating and one parent and one child dependent would receive $880 per month.

    Small Business Loan

    • Veterans can get a small business loan known as a Patriot Express Loan through the government's Small Business Administration website. The maximum amount borrowed is $500,000; lenders do not need to accept collateral for loans of less than $25,000. The Small Business Administration can guarantee up to 85 percent of loans of less than $150,000 and 75 percent of loans of between $150,000 and $500,000.

    Vocational Rehabilitation

    • Because of disabilities or other special circumstances, some veterans are unable to work in the career fields they chose while in the military. In these cases, the Vocational Rehabilitation Program can financially help veterans who are retraining into other careers by paying for retraining classes and any special equipment needed. For instance, if a veteran incurred loss of legs while serving as a mechanic, he may be provided with a wheelchair so that he can retrain as a paralegal.

    Post 9/11 GI Bill

    • The Post 9/11 GI Bill is a new version of education benefits for qualifying veterans, who include those that served in the military for at least 90 days after Sept. 11, 2001. Unlike the Montgomery GI Bill, the Post 9/11 bill does not require a pay-in amount. Instead, the VA pays tuition directly to the qualifying schools in an amount equal to the highest public college tuition within the school's state. For example, veterans attending college in Texas would receive a maximum of $1,471 per credit hour toward tuition, according to the GI Bill website.

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