NEW CGMA EDUCATION LOAN

Coast Guard Mutual Assistance is offering a new education loan, effective March 1, 2011, that will replace any existing education loans offered by CGMA.

The ESO's receive many questions regarding educational benefits for spouses...here is a nice addition to the meager benefits available to spouses and children.

This interest free education loan will provide up to $2,000 to eligible clients with qualified education expenses.  There is no financial need requirement, so no budget form is necessary.  **This bullet is key to this new loan, anyone can apply, it is not based on any financial need, from the most junior members to the most senior.**

All CGMA clients, (A/D, Reserve, Civilian and Auxiliary) on behalf of themselves or their eligible family members (Spouses and children up to age 23 years).

The student must be enrolled in an Associate, Bachelor, or Graduate degree program at a regionally or nationally accredited college or university or in a Department of Veterans Affairs or Department of Education approved Vocational Technical Training (VoTech) program.

Eligibility is based on the client's and the student's status as of the first day of the course for which assistance is requested.

 

Your Education Services Officer can provide additonal information and the application can be found at http://www.cgmahq.org/Manual/Download/Forms/CGMA_11.pdf