In 2022, there were about 1.4 million personnel serving in the United States military. This makes it the largest employer in the country, which does not even account for the hundreds of thousands of civilian personnel that are also under its umbrella. Those who serve in the armed forces should be honored by society while they are serving and when they return home.
Unfortunately, life is not always easy for veterans when they transition back into civilian life. They have lost the structure that exists in the military, they might have friends who have passed away, or they simply may struggle to adapt when everyone around them is unfamiliar with their experiences.
Veterans can face emotional, physical, and even financial struggles when they return home. Although the systems in place to help with this transition are imperfect, there are some perks that you can take advantage of to reach your goals as a civilian.
VA Home Loans
The first step for many veterans who finish their military service is to buy a home. Houses can be very expensive, and most Americans do not have enough cash saved up to cover the full price of a home. Instead, they will take out mortgage loans so they can become homeowners. For veterans, there is a specific government-backed loan that you are eligible for that has more favorable terms than most home loans: a VA mortgage loan. This product is insured by the Department of Veterans Affairs, so lenders can offer better terms to veterans who want a home. Those terms include no down payment requirement, lower interest rates, and no mortgage insurance premiums. A VA loan makes it easier for you to secure a home.
Disability Benefits
Injuries and illnesses are common issues for military veterans. You might have entered the service with a mild condition that was significantly worsened. If you were healthy when you joined the military, maybe you acquired the condition during your service or shortly after leaving. If the injury or illness is service-related, then you could be eligible for tax-free monthly payments through the VA. The level of payment you receive depends on your combined disability rating, which is essentially a measurement of how much the injuries or illnesses impact your lifestyle. It is important to know how to calculate your combined VA rating so you can get the benefits you deserve.
Small Business Assistance
Finding a job as a veteran can be difficult, and some former military service members would rather run their own brands than work for an employer. If you have an entrepreneurial spirit and would like to start your own business, you can get assistance through the VA. First, you can access a national network of other veteran-owned businesses for resources and advice. Second, you can receive preference when bidding on government projects. Third, you can secure financing options through the Small Business Administration with the help of the VA. All these resources can give you a head start with your business.
Veteran Discounts
The benefits mentioned previously are all provided by various entities within the federal government. But being a veteran also comes with advantages in society as well. Many businesses offer discounts to veterans or other special perks that are not offered to other civilians. Finding companies that have these values can lower your cost of living as you pay for products and services to support your lifestyle. Even some larger purchases can come with veteran discounts, such as insurance policies, automobiles, and home appliances.
Free Counseling
Sometimes, veterans need extra support as they re-acclimate to society. You might be struggling with emotional, physical, or financial challenges that are making it more difficult to transition. The VA offers free counseling in various areas to help you overcome these obstacles. If you are experiencing mental health issues, therapists and other resources can provide an outlet for your concerns. Maybe you are uncertain how your skills can translate to a job in the private sector. The VA also provides educational and career counseling for free so you can try to carve out a professional path forward. These resources could be vital in helping you adjust to a very different lifestyle.
This Country’s Government and Citizens Owe You Their Gratitude
What you have done for your country can never be adequately repaid. However, there are ways that the government and society in general can show their appreciation for their sacrifice. The perks of being a veteran are numerous, and although the transition back into civilian life can be incredibly difficult, these benefits may make it a little simpler for you.
