What is an AER loan?
The mission of the AER is to help US Army soldiers and their dependents, by providing emergency aid, in the form of either a direct grant (a cash gift, not to be repaid) or an interest-free loan, and by giving college scholarships to children of soldiers.Click to see full answer. Similarly, what qualifies for an…
The mission of the AER is to help US Army soldiers and their dependents, by providing emergency aid, in the form of either a direct grant (a cash gift, not to be repaid) or an interest-free loan, and by giving college scholarships to children of soldiers.Click to see full answer. Similarly, what qualifies 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.Secondly, can you have 2 AER loans? AER provides soldiers with interest-free loans or grants on a case-by-case basis for needs such as emergency travel, food, utilities, rent or medical expenses. There is no loan dollar cap, though soldiers are limited to two AER loans per year without command approval. Considering this, what can you use AER loan for? AER provides funds to help Soldiers with immediate financial needs with rent, utilities, emergency travel, etc. Examples include: Food, rent, or utilities. Emergency transportation and vehicle repair. Funeral expenses. Medical/dental expenses. Personal needs when pay is delayed or stolen. Help needed due to natural disasters. Does Aer check credit?AER loans are not based on credit. AER doesn’t run your credit or pull your credit score.
