Veterans who have served in the United States military, as well as their family members, are eligible for valuable benefits designed to improve their health and well-being. From special mortgage terms to employment resources, these services can have a wide-ranging impact on your quality of life.
Explore these five veteran benefit programs and learn more about eligibility and enrollment requirements.
- Disability compensation
Veterans who sustained injuries or worsened an existing injury while in the line of duty can qualify for tax-free monthly disability payments. You can apply through the official website of the U.S. Department of Veteran Affairs by uploading service treatment records, civilian medical records, discharge paperwork and other documentation.
- Education and training
Four separate GI Bill programs provide funding for service members to access educational opportunities. You can use this money to pay for undergraduate or graduate degrees at a traditional college or university, apprenticeships, certificate programs, career testing fees and other costs associated with seeking higher education and career training. You may also qualify for housing incentives and grants for books and supplies.
- Health care
Most veterans qualify for no-cost health care, though you may be responsible for small co-payments or prescription fees. Simply enroll for services through your local Veterans Health Administration to access comprehensive primary, specialty and preventive health care.
- Zero-down mortgage programs
Veterans can apply for federally guaranteed mortgage loans with no down payment and a competitive interest rate. You must purchase a qualifying property and demonstrate that you are financially able to repay the home loan as agreed.
- Pension benefits
This need-based program is designed for low-income veterans older than age 65 and those who have a permanent disability. Depending on your financial status, you may qualify for a tax-free monthly pension to supplement your income.
Spouses and children of veterans, including surviving spouses and children, may also be eligible for these benefits. Your local VA can provide more information about the application process to qualify for each program.