Applying for military scholarships 2023
There are scholarships available just for veterans and their families. The following are a few initiatives that service members ought to be aware of:
Reserve Officers’ Training Corps (ROTC) scholarships are available to college students who want to enlist as officers in the armed forces. You may be qualified for scholarships to assist with paying for tuition, housing and board, or fees and books if you are enrolled in ROTC. For the Army, Navy, Marines, and Air Force, there are ROTC scholarships available.
Daughters of the Cincinnati Scholarship: This award, which has a maximum value of $20,000, is given to daughters of career-commissioned officers from any branch of the armed forces.
The program Operation Homefront’s Military Child of the Year honors eight young individuals between the ages of 13 and 18. Each winner receives a laptop computer and $10,000.
Scholarships from the American Legion: The American Legion provides a number of scholarships to veterans and their families. The foundation provided $130,000 in scholarships in 2019.
Consider private student loans
Federal student loans are most likely a wise choice as a last resort if you’ve used up all of your GI Bill, scholarship, and grant possibilities. In addition to access to income-driven repayment plans and student loan forgiveness programs, these loans also come with government perks and safeguards.
You must complete the FAFSA in order to apply for federal student loans. Following this, your school will give you a financial assistance award letter that lists the loans for which you are qualified.
Private student loans may be able to fill up any remaining financing gaps for the remainder of your school costs.
When compared to federal student loans, notably Direct PLUS Loans, you may even be eligible for a private student loan with a cheaper interest rate if you have great credit. Checking your private student loan rates to determine what you could be eligible for is therefore a smart idea.
Also bear in mind that you could require a cosigner with strong credit if you want to get approved for a private student loan, depending on your credit.
Consider as many lenders as you can if you decide to take out a student loan in order to obtain the best loan for you. Some lenders also provide exclusive advantages to service members.
Credible makes it simple to compare different lenders; in just two minutes, you may view your rates from our partner lenders in the table below.
