When young adults get a college degree it’s good for the whole country. That’s why there are options no matter who you are, including military dependents.
The 2011-12 academic year is nearing an end, but it’s never too early to begin thinking about next year. Here are a few scholarship opportunities that military families may want to consider:
For military members, buying life insurance isn’t the only way to guarantee their family’s financial survival. By choosing to participate in the Survivor Benefit Plan (SBP), you can ensure that your family maintains a stable source of income.
Typically, the death of a military member would mean that military retirement pay ceases, which can leave families struggling to maintain. But by participating in the SBP, beneficiaries retain their financial security and may be able to avoid a hefty life insurance premium. See More
Military families often find it difficult to differentiate between the Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA) and Tricare, a Department of Defense health-care program formerly called CHAMPUS.
Essentially, both programs have similar benefits, but the CHAMPVA program is administered separately with significant differences in claim filing and preauthorization requirements. Military families planning on taking advantage of CHAMPVA eligibility should be familiar with the rules and regulations involved.
To avoid confusion with the Tricare program, and to help ensure potential beneficiaries are well informed, here is an overview of the CHAMPVA program to help get you started. See More