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Train crossing in Finland closed after deadly crash

Zimbabwe leader Robert Mugabe seemed invincible but era ends

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Cambodia’s top court orders opposition party dissolved

Activists praise Trudeau’s comments about Duterte crackdown

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Egyptian army says 3 militants killed, 74 arrested in Sinai

Saudi foreign minister says it is up to resigned Lebanese Prime Minister Saad Hariri to decide when to return to Lebanon


Military Loans, Apply Online or In-Person – Omni Financial®, military loans.#Military #loans


Omni Financial ® – Provider of Military Loans for Over 45 Years

Omni Financial has been providing military loans to active and career retired members of the Army, Navy, Air Force, Marines and Coast Guard for more than 45 years. Receive financial assistance for debt consolidation, emergency expenses, PCS moves, lease deposits and more. Our military loans range in amounts from $500 to $10,000 with repayment terms from 6 to 36 months.

We Love to Say Yes! ®

We are one of the nation’s leading providers of military loans. Since our establishment in 1950 we have helped hundreds of thousands of service members stationed around the world obtain the funds they need – quickly and easily. We offer personalized service, a simple application process, competitive rates, and no hidden fees. At Omni, we are proud to say that we treat service members like family.

15-Day Satisfaction Guarantee

All our military loans are backed by a 100% satisfaction guarantee. If for any reason you are not completely satisfied, you can return the proceeds within 15 days and we will cancel your loan at no cost to you — that’s our promise to you.

We Know the Military Because We ve Been in Your Shoes

At Omni Financial ® , decades of experience and expertise in responsible military lending is reflected in everything we do. We have an in-depth understanding of military service personnel because we are staffed by former members and advocates who understand the unique needs of service members. As such, we create financing plans that best meet active duty and retired lifestyles and circumstances, with a focus to get you back on track and on your way to a more secure financial future.

Apply Online Now or Visit One of Our Branch Offices

Unlike other lenders, Omni Financial ® makes it easy for you to apply for the personal loan you need. Our application process is free, straightforward, and completely confidential. Apply for a military loan online or in person by visiting one of our branch offices serving military installations around the world. Whichever way you choose to apply and regardless of where you are stationed, upon loan approval, you will have access to your military personal loan funds in next to no time.

Military loans Omni supports Wounded Warrior Project. Read about Omni’s other goodwill involvement.

Notice: The entity operating in the State of Washington is Omni Financial of Washington, Inc, DBA Omni Financial, NMLS unique identifier: 62498. Washington State Loan License number 520-CL-18068.

2 Easy Ways to Access Your Cash

Military loans


How FHA and VA Loans Stack Up, military payday loans.#Military #payday #loans


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Military payday loans

How FHA and VA Loans Stack Up

The two government-backed loan programs have distinctions. VA loans offer no down payments and a federal guarantee while FHA mortgages can be obtained for 3.5% down and are insured through HUD.

When comparing government-backed mortgage programs, the differences between FHA and VA loans are clear.

VA Home Loans and FHA Mortgages Have Similarities and Differences

VA Home Loans Require:

  • As little as no cash down within conforming loan limits
  • No monthly private mortgage insurance premiums
  • A VA funding fee between .5 and 3.3% (some borrowers exempt)
  • Relaxed qualifying standards
  • Flexibility for all closing costs and up to 4% concessions may be paid by seller
  • Owner occupancy
  • VA benefit eligibility

FHA Mortgages Need:

  • 3.5% minimum down payment
  • Upfront mortgage insurance payment of 1.75% (just .01% for price-cut FHA Streamline)*
  • Monthly mortgage insurance premiums for a minimum of 5 years for most
  • Relaxed qualifying standards
  • Flexibility for all closing costs and up to 3% concessions may be paid by seller
  • Owner occupancy

No Money Down Sets VA Loans Apart

Currently, the conforming loan limit for VA loans is $417,000 in most parts of the country. FHA loans require at least 3.5% down. So, while a $200,000 VA loan can be obtained for no money down, an FHA loan of the same amount will cost a borrower about $7,000 in cash upfront.

VA Loans Require No Monthly Mortgage Insurance Premiums

VA borrowers never pay private mortgage insurance (PMI). Most FHA borrowers will be required to pay an Upfront Mortgage Insurance Premium (UFMIP) of 1.75% as well as monthly MIP of 1.2% or more for a minimum of 5 years for most loans. However, a recent change to the FHA Streamline Refinance program as of June 11, 2012 offers select FHA borrowers* with loans endorsed on or before May 31, 2009 reduced mortgage insurance premiums of just 1.25% UFMIP and .55% MIP. FHA loans with 15-year terms or less and loan-to-value ratios of 78% or less are exempt from monthly premiums.

The VA Funding Fee is Between .5% and 3.3%

A VA funding fee is required by most borrowers using VA home loan benefits. The percentage can vary based on first or repeat use of home loan benefits and whether the borrower is eligible as a result of regular military or Reserves/National Guard service. Regular military first-time benefit users pay 2.14% VA funding fee. All streamline refinances and VA loan assumptions have funding fees of just .5%. Qualified disabled vets and surviving spouses are exempt from the VA funding fee.

To find out which program suits you best, contact an approved lender.

Military payday loans Military payday loans Military payday loans Military payday loans Military payday loans Military payday loans

Military payday loans

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Download the new Military.com News App for Android on Google Play or for Apple devices on iTunes!

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Military payday loans

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Military payday loans

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Military payday loans

Military payday loans

Military payday loans

Military payday loans


Military Loans, Apply Online or In-Person – Omni Financial®, military payday loans.#Military #payday #loans


Omni Financial ® – Provider of Military Loans for Over 45 Years

Omni Financial has been providing military loans to active and career retired members of the Army, Navy, Air Force, Marines and Coast Guard for more than 45 years. Receive financial assistance for debt consolidation, emergency expenses, PCS moves, lease deposits and more. Our military loans range in amounts from $500 to $10,000 with repayment terms from 6 to 36 months.

We Love to Say Yes! ®

We are one of the nation’s leading providers of military loans. Since our establishment in 1950 we have helped hundreds of thousands of service members stationed around the world obtain the funds they need – quickly and easily. We offer personalized service, a simple application process, competitive rates, and no hidden fees. At Omni, we are proud to say that we treat service members like family.

15-Day Satisfaction Guarantee

All our military loans are backed by a 100% satisfaction guarantee. If for any reason you are not completely satisfied, you can return the proceeds within 15 days and we will cancel your loan at no cost to you — that’s our promise to you.

We Know the Military Because We ve Been in Your Shoes

At Omni Financial ® , decades of experience and expertise in responsible military lending is reflected in everything we do. We have an in-depth understanding of military service personnel because we are staffed by former members and advocates who understand the unique needs of service members. As such, we create financing plans that best meet active duty and retired lifestyles and circumstances, with a focus to get you back on track and on your way to a more secure financial future.

Apply Online Now or Visit One of Our Branch Offices

Unlike other lenders, Omni Financial ® makes it easy for you to apply for the personal loan you need. Our application process is free, straightforward, and completely confidential. Apply for a military loan online or in person by visiting one of our branch offices serving military installations around the world. Whichever way you choose to apply and regardless of where you are stationed, upon loan approval, you will have access to your military personal loan funds in next to no time.

Military payday loans Omni supports Wounded Warrior Project. Read about Omni’s other goodwill involvement.

Notice: The entity operating in the State of Washington is Omni Financial of Washington, Inc, DBA Omni Financial, NMLS unique identifier: 62498. Washington State Loan License number 520-CL-18068.

2 Easy Ways to Access Your Cash

Military payday loans


How Payday Loans Work, military payday loans.#Military #payday #loans


military payday loans

Payday loans are short-term cash loans based on the borrower’s personal check held for future deposit or on electronic access to the borrower’s bank account. Borrowers write a personal check for the amount borrowed plus the finance charge and receive cash. In some cases, borrowers sign over electronic access to their bank accounts to receive and repay payday loans.

Lenders hold the checks until the borrower’s next payday when loans and the finance charge must be paid in one lump sum. To pay a loan, borrowers can redeem the check by paying the loan with cash, allow the check to be deposited at the bank, or just pay the finance charge to roll the loan over for another pay period. Some payday lenders also offer longer-term payday instalment loans and request authorization to electronically withdraw multiple payments from the borrower’s bank account, typically due on each pay date. Payday loans range in size from $100 to $1,000, depending on state legal maximums. The average loan term is about two weeks. Loans typically cost 400% annual interest (APR) or more. The finance charge ranges from $15 to $30 to borrow $100. For two-week loans, these finance charges result in interest rates from 390 to 780% APR. Shorter term loans have even higher APRs. Rates are higher in states that do not cap the maximum cost.

Requirements to Get a Payday Loan

All a consumer needs to get a payday loan is an open bank account in relatively good standing, a steady source of income, and identification. Lenders do not conduct a full credit check or ask questions to determine if a borrower can afford to repay the loan. Since loans are made based on the lender’s ability to collect, not the borrower’s ability to repay while meeting other financial obligations, payday loans create a debt trap.

CFPB found that 80 percent of payday borrowers tracked over ten months rolled over or reborrowed loans within 30 days. Borrowers default on one in five payday loans. Online borrowers fare worse. CFPB found that more than half of all online payday instalment loan sequences default.

Payday Lenders

Payday loans are made by payday loan stores, or at stores that sell other financial services, such as check cashing, title loans, rent-to-own and pawn, depending on state licensing requirements. Loans are made via websites and mobile devices. CFPB found 15,766 payday loan stores operating in 2015.

Legal Status for Payday Lending

High cost payday lending is authorized by state laws or regulations in thirty-two states. Fifteen states and the District of Columbia protect their borrowers from high-cost payday lending with reasonable small loan rate caps or other prohibitions. Three states set lower rate caps or longer terms for somewhat less expensive loans. Online payday lenders are generally subject to the state licensing laws and rate caps of the state where the borrower receives the loan. For more information, click on Legal Status of Payday Loans by State.

Protections for Service Members and Dependents

Payday loans are not permitted for active-duty service members and their dependents. Federal protections under the Military Lending Act (MLA) for service members and their families took effect October 1, 2007 and were expanded October 3, 2016. Department of Defense ruless apply to loans subject to the federal Truth in Lending Act, including payday and title loans.. Lenders are prohibited from charging more than 36 percent annual interest including fees; taking a check, debit authorization or car title to secure loans; and using mandatory arbitration clauses in contracts for covered loans. The Consumer Financial Protection Bureau enforces the MLA rules. To file a complaint, click here. See: CFA press release on revised MLA rules


Military Loans Facts – Omni Financial®, military payday loans.#Military #payday #loans


The Facts About Military Loans

Frequent moves, deployments, and military spouse unemployment can take a toll on the financial health of military families. Many live paycheck to paycheck and are unable to build up a substantial savings account or emergency fund. Having to come up with money to pay for a car repair, PCS-related cost, an uncovered medical bill, or other expense can compound already stressful circumstances. If you are a servicemember and find yourself in this situation, a military loan can help.

What is a military loan?

A military loan is a personal loan designed especially for active duty servicemembers. At Omni, we are proud to offer military loans to active duty members of the following military branches:

Military loan eligibility

If you are currently serving in one of the above branches and have at least eight months before your separation date, you are eligible to apply for an Omni military loan. We also provide military loans for career retired military personnel.

Applying for a military loan

Applying for an Omni military loan is easy and we offer several options. You can apply online, over the phone, or at one of our branch locations serving all military installations around the world. Even if you are stationed overseas, you can still apply for a loan.

After applying

You will receive a confirmation of your online application, as well as other updates, at the secure message center.

Required information and paperwork

  • Social security number
  • End of month LES statement

Free credit report

As part of the application process, we will be accessing your credit report which details your credit history. You’ll receive a free copy of this report automatically upon completion of an online application. If you applied in person, you can request your free credit report at your local branch office.

Security and privacy

At Omni, we take your security and privacy very seriously. In order to apply for a loan, you will need to disclose some confidential and personal information. Whether you apply online, over the phone, or in person, you can be confident that your information will be safe and secure.

The advantages of an Omni military loan

Military loans from Omni provide a financial helping hand to military members. Some of the main advantages of using Omni for your lending needs include:

Flexible amounts – You can borrow as little as $500 or as much as $10,000.

Convenient – Apply online, over the phone or in person.

Fast approval – We understand that when you need money, time is of the essence. That’s why our approval process is fast. In many cases you can receive loan approval and funding within hours.

Responsible lending – While we do our best to approve your requested loan amount, we look at your ability to repay the loan before determining the amount you can borrow.

In your community – We are one of the only military lenders that has actual brick and mortar locations. Our branch offices are located near all military installations around the country and we are proud to give back to the communities where we live and serve. Stop by any time to ask questions, apply for a loan, or get more information.

Qualifying for a military loan

To determine if you qualify for a loan, we look at several factors including your debts, income and credit history. We also realize that some military members have poor credit—this is not an automatic denial. Most of our lending specialists are former military and they understand the military lifestyle challenges that can sometimes affect a person’s credit score. We look at loan applications on a case-by-case basis and will take certain things into consideration.

Receive funds fast

The entire process from application to funding can be completed fast, depending on when we receive your application and any required documents. Omni Financial offers easy ways to receive your funds.

Direct Deposit – We can deposit your funds into any stateside checking or savings bank account, and most U.S.-based banking institutions overseas. Once your funds are credited, they will be available for immediate withdrawal. You’ll pay no check cashing fees.

Instant access – An even faster way to receive your funds is with an optional prepaid debit card available through selected Omni offices. You’ll be able to use your funds immediately.

In-Office Pickup

If you live near a select Omni branch, you can stop by and pick up a Money Network® Prepaid Debit Card and Money Network ® Checks. You’ll have easy access to your money* and be able to make purchases anywhere Visa® debit cards are accepted, or get cash back with PIN debit purchases.

Our loans have federal APRs that range from competitively low digits percentages to a maximum of 35.95%. Rates vary and are dependent on credit score, debts, the amount and length of the loan, and past credit history. When compared to other military loan companies, you’ll find that Omni’s interest rates are very competitive.

Paying back an Omni military loan

Omni loans are installment loans. You’ll have fixed monthly payments so you’ll know just how much you’ll be expected to pay back each month. Repayment terms range from 6 to 36 months. Upon approval of your loan, you’ll receive documents that will tell you the duration and the schedule of your loan repayment. That means there will be no surprises and you’ll be better able to budget yourself.

Omni makes paying back your loan as easy and hassle-free as possible. We accept payments by cash, check, money order, draft, ACH or the most convenient method, military allotment. With a military allotment, your payment is automatic and always on time, no matter where you are in the world or what you are doing.

The Omni guarantee

As a leader in the military lending market, we are dedicated to providing professional, personalized service. As part of our commitment to customer service, we back all our loans with a 100% 15-day satisfaction guarantee. If for any reason you change your mind or are not satisfied with your loan or our service, you can cancel your transaction within 15 days. No questions asked and at no cost to you.

The Omni legacy

Omni has proudly served the military for over 45 years. We were founded by a World War II veteran who saw that there was a need to help members of the U.S. Armed Forces obtain a personal loan, easily and quickly. We have branch offices throughout the United States and the world, and were one of the first online military lenders. Since our inception, we have provided military loans to hundreds of thousands of U.S. servicemembers. If you need financial assistance or would like to consolidate debt, contact us today and we will be happy to help you!

Five easy steps to getting an Omni military loan!

  1. Apply online, in person, or over the phone
  2. Upload an end of month LES statement
  3. Our lending specialists will review and process all your information
  4. Receive your loan decision within hours
  5. Funds will be deposited into your bank account or alternatively you can choose to use the money network ® Prepaid Debit Card*.
*Using the Money Network ® Prepaid Debit Card is subject to identity verification as required by the USA PATRIOT Act

* Available from selected Omni offices.


Military Loans Facts – Omni Financial®, just military loans.#Just #military #loans


The Facts About Military Loans

Frequent moves, deployments, and military spouse unemployment can take a toll on the financial health of military families. Many live paycheck to paycheck and are unable to build up a substantial savings account or emergency fund. Having to come up with money to pay for a car repair, PCS-related cost, an uncovered medical bill, or other expense can compound already stressful circumstances. If you are a servicemember and find yourself in this situation, a military loan can help.

What is a military loan?

A military loan is a personal loan designed especially for active duty servicemembers. At Omni, we are proud to offer military loans to active duty members of the following military branches:

Military loan eligibility

If you are currently serving in one of the above branches and have at least eight months before your separation date, you are eligible to apply for an Omni military loan. We also provide military loans for career retired military personnel.

Applying for a military loan

Applying for an Omni military loan is easy and we offer several options. You can apply online, over the phone, or at one of our branch locations serving all military installations around the world. Even if you are stationed overseas, you can still apply for a loan.

After applying

You will receive a confirmation of your online application, as well as other updates, at the secure message center.

Required information and paperwork

  • Social security number
  • End of month LES statement

Free credit report

As part of the application process, we will be accessing your credit report which details your credit history. You’ll receive a free copy of this report automatically upon completion of an online application. If you applied in person, you can request your free credit report at your local branch office.

Security and privacy

At Omni, we take your security and privacy very seriously. In order to apply for a loan, you will need to disclose some confidential and personal information. Whether you apply online, over the phone, or in person, you can be confident that your information will be safe and secure.

The advantages of an Omni military loan

Military loans from Omni provide a financial helping hand to military members. Some of the main advantages of using Omni for your lending needs include:

Flexible amounts – You can borrow as little as $500 or as much as $10,000.

Convenient – Apply online, over the phone or in person.

Fast approval – We understand that when you need money, time is of the essence. That’s why our approval process is fast. In many cases you can receive loan approval and funding within hours.

Responsible lending – While we do our best to approve your requested loan amount, we look at your ability to repay the loan before determining the amount you can borrow.

In your community – We are one of the only military lenders that has actual brick and mortar locations. Our branch offices are located near all military installations around the country and we are proud to give back to the communities where we live and serve. Stop by any time to ask questions, apply for a loan, or get more information.

Qualifying for a military loan

To determine if you qualify for a loan, we look at several factors including your debts, income and credit history. We also realize that some military members have poor credit—this is not an automatic denial. Most of our lending specialists are former military and they understand the military lifestyle challenges that can sometimes affect a person’s credit score. We look at loan applications on a case-by-case basis and will take certain things into consideration.

Receive funds fast

The entire process from application to funding can be completed fast, depending on when we receive your application and any required documents. Omni Financial offers easy ways to receive your funds.

Direct Deposit – We can deposit your funds into any stateside checking or savings bank account, and most U.S.-based banking institutions overseas. Once your funds are credited, they will be available for immediate withdrawal. You’ll pay no check cashing fees.

Instant access – An even faster way to receive your funds is with an optional prepaid debit card available through selected Omni offices. You’ll be able to use your funds immediately.

In-Office Pickup

If you live near a select Omni branch, you can stop by and pick up a Money Network® Prepaid Debit Card and Money Network ® Checks. You’ll have easy access to your money* and be able to make purchases anywhere Visa® debit cards are accepted, or get cash back with PIN debit purchases.

Our loans have federal APRs that range from competitively low digits percentages to a maximum of 35.95%. Rates vary and are dependent on credit score, debts, the amount and length of the loan, and past credit history. When compared to other military loan companies, you’ll find that Omni’s interest rates are very competitive.

Paying back an Omni military loan

Omni loans are installment loans. You’ll have fixed monthly payments so you’ll know just how much you’ll be expected to pay back each month. Repayment terms range from 6 to 36 months. Upon approval of your loan, you’ll receive documents that will tell you the duration and the schedule of your loan repayment. That means there will be no surprises and you’ll be better able to budget yourself.

Omni makes paying back your loan as easy and hassle-free as possible. We accept payments by cash, check, money order, draft, ACH or the most convenient method, military allotment. With a military allotment, your payment is automatic and always on time, no matter where you are in the world or what you are doing.

The Omni guarantee

As a leader in the military lending market, we are dedicated to providing professional, personalized service. As part of our commitment to customer service, we back all our loans with a 100% 15-day satisfaction guarantee. If for any reason you change your mind or are not satisfied with your loan or our service, you can cancel your transaction within 15 days. No questions asked and at no cost to you.

The Omni legacy

Omni has proudly served the military for over 45 years. We were founded by a World War II veteran who saw that there was a need to help members of the U.S. Armed Forces obtain a personal loan, easily and quickly. We have branch offices throughout the United States and the world, and were one of the first online military lenders. Since our inception, we have provided military loans to hundreds of thousands of U.S. servicemembers. If you need financial assistance or would like to consolidate debt, contact us today and we will be happy to help you!

Five easy steps to getting an Omni military loan!

  1. Apply online, in person, or over the phone
  2. Upload an end of month LES statement
  3. Our lending specialists will review and process all your information
  4. Receive your loan decision within hours
  5. Funds will be deposited into your bank account or alternatively you can choose to use the money network ® Prepaid Debit Card*.
*Using the Money Network ® Prepaid Debit Card is subject to identity verification as required by the USA PATRIOT Act

* Available from selected Omni offices.


How FHA and VA Loans Stack Up, just military loans.#Just #military #loans


Money

Just military loans Just military loans Just military loans Just military loans Just military loans Just military loans

Just military loans

How FHA and VA Loans Stack Up

The two government-backed loan programs have distinctions. VA loans offer no down payments and a federal guarantee while FHA mortgages can be obtained for 3.5% down and are insured through HUD.

When comparing government-backed mortgage programs, the differences between FHA and VA loans are clear.

VA Home Loans and FHA Mortgages Have Similarities and Differences

VA Home Loans Require:

  • As little as no cash down within conforming loan limits
  • No monthly private mortgage insurance premiums
  • A VA funding fee between .5 and 3.3% (some borrowers exempt)
  • Relaxed qualifying standards
  • Flexibility for all closing costs and up to 4% concessions may be paid by seller
  • Owner occupancy
  • VA benefit eligibility

FHA Mortgages Need:

  • 3.5% minimum down payment
  • Upfront mortgage insurance payment of 1.75% (just .01% for price-cut FHA Streamline)*
  • Monthly mortgage insurance premiums for a minimum of 5 years for most
  • Relaxed qualifying standards
  • Flexibility for all closing costs and up to 3% concessions may be paid by seller
  • Owner occupancy

No Money Down Sets VA Loans Apart

Currently, the conforming loan limit for VA loans is $417,000 in most parts of the country. FHA loans require at least 3.5% down. So, while a $200,000 VA loan can be obtained for no money down, an FHA loan of the same amount will cost a borrower about $7,000 in cash upfront.

VA Loans Require No Monthly Mortgage Insurance Premiums

VA borrowers never pay private mortgage insurance (PMI). Most FHA borrowers will be required to pay an Upfront Mortgage Insurance Premium (UFMIP) of 1.75% as well as monthly MIP of 1.2% or more for a minimum of 5 years for most loans. However, a recent change to the FHA Streamline Refinance program as of June 11, 2012 offers select FHA borrowers* with loans endorsed on or before May 31, 2009 reduced mortgage insurance premiums of just 1.25% UFMIP and .55% MIP. FHA loans with 15-year terms or less and loan-to-value ratios of 78% or less are exempt from monthly premiums.

The VA Funding Fee is Between .5% and 3.3%

A VA funding fee is required by most borrowers using VA home loan benefits. The percentage can vary based on first or repeat use of home loan benefits and whether the borrower is eligible as a result of regular military or Reserves/National Guard service. Regular military first-time benefit users pay 2.14% VA funding fee. All streamline refinances and VA loan assumptions have funding fees of just .5%. Qualified disabled vets and surviving spouses are exempt from the VA funding fee.

To find out which program suits you best, contact an approved lender.

Just military loans Just military loans Just military loans Just military loans Just military loans Just military loans

Just military loans

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Download the new Military.com News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles

Just military loans

Just military loans

Just military loans

Just military loans

Just military loans

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Just military loans

Just military loans

Just military loans

Just military loans


FinAid, Loans, Loan Forgiveness, loans for military.#Loans #for #military


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Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called Loan Forgiveness. To qualify, you must:

  • Perform volunteer work
  • Perform military service
  • Teach or practice medicine in certain types of communities
  • Meet other criteria specified by the forgiveness program

These volunteer organizations offer loan forgiveness:

AmeriCorps. Serve for 12 months and receive up to $7400 in stipends plus $4725 to be used towards your loan.

Peace Corps. Volunteers may apply for deferment of Stafford, Perkins and Consolidation loans and partial cancellation of Perkins Loans (15% for each year of service, up to 70% in total). Volunteers make a real difference in the lives of real people with two years of service in more than 70 developing countries.

Volunteers in Service to America (VISTA). Volunteer with private, non-profit groups that help eradicate hunger, homelessness, poverty and illiteracy. Provide 1700 hours of service and receive $4725.

Students who are in the Army National Guard may be eligible for their Student Loan Repayment Program, which offers up to $10,000. (Note, the military and veterans’ associations provide many scholarships and tuition assistance programs. See the section on Military Aid for details.)

Students who become full-time teachers in an elementary or secondary school that serves students from low-income families can have a portion of their Stafford or PLUS loans forgiven under The National Defense Education Act. This program forgives up to $17,500 of the remaining loan balance.

The American Federation of Teachers maintains a list of other loan forgiveness programs for teachers.

The American Federation of Teachers maintains a list of other loan forgiveness programs for teachers.

Legal and Medical Studies

The US Department of Health and Human Services offers loan forgiveness programs through the National Health Service Corps and the Nurse Corps Loan Repayment Program. These programs offer loan forgiveness to physicians and registered nurses who agree to practice for a set number of years in areas that lack adequate medical care (including remote and/or economically depressed regions).

The US National Institutes of Health’s NIH Loan Repayment Programs repays up to $35,000/year of student loan debt for US citizens who are conducting clinical medical research.

The US Department of Agriculture’s Veterinary Medicine Loan Repayment Program (VMLRP) offers loan forgiveness of $25,000 per year for three years for veterinarians who commit to work in a veterinary shortage area for three years.

Many hospitals and private healthcare facilities use loan forgiveness to recruit occupational and physical therapists. Contact the American Physical Therapy Association or the American Occupational Therapy Association.

Federal Government Loan Forgiveness Programs

See the US Department of Education’s pages on Cancellation/Deferment Options for Teachers. Also, the US Department of Education maintains a database of low-income schools eligible for teacher loan cancellation for Perkins and Stafford loans.

The Federal Student Loan Repayment Program allows federal agencies to establish loan forgiveness programs to help recruit and retain employees. This is technically a loan repayment program and not a loan forgiveness program, as the agencies make payments directly to the loan holder and the payments represent taxable income to the employee. The agencies can repay up to $10,000 in Federal student loans per employee per calendar year, with a cumulative maximum of $60,000 per employee.

Some, but not all, loan forgiveness is excluded from income. See Taxability of Student Loan Forgiveness for additional details.


Military Loans, Apply Online or In-Person – Omni Financial®, omni military loans.#Omni #military #loans


Omni Financial ® – Provider of Military Loans for Over 45 Years

Omni Financial has been providing military loans to active and career retired members of the Army, Navy, Air Force, Marines and Coast Guard for more than 45 years. Receive financial assistance for debt consolidation, emergency expenses, PCS moves, lease deposits and more. Our military loans range in amounts from $500 to $10,000 with repayment terms from 6 to 36 months.

We Love to Say Yes! ®

We are one of the nation’s leading providers of military loans. Since our establishment in 1950 we have helped hundreds of thousands of service members stationed around the world obtain the funds they need – quickly and easily. We offer personalized service, a simple application process, competitive rates, and no hidden fees. At Omni, we are proud to say that we treat service members like family.

15-Day Satisfaction Guarantee

All our military loans are backed by a 100% satisfaction guarantee. If for any reason you are not completely satisfied, you can return the proceeds within 15 days and we will cancel your loan at no cost to you — that’s our promise to you.

We Know the Military Because We ve Been in Your Shoes

At Omni Financial ® , decades of experience and expertise in responsible military lending is reflected in everything we do. We have an in-depth understanding of military service personnel because we are staffed by former members and advocates who understand the unique needs of service members. As such, we create financing plans that best meet active duty and retired lifestyles and circumstances, with a focus to get you back on track and on your way to a more secure financial future.

Apply Online Now or Visit One of Our Branch Offices

Unlike other lenders, Omni Financial ® makes it easy for you to apply for the personal loan you need. Our application process is free, straightforward, and completely confidential. Apply for a military loan online or in person by visiting one of our branch offices serving military installations around the world. Whichever way you choose to apply and regardless of where you are stationed, upon loan approval, you will have access to your military personal loan funds in next to no time.

Omni military loans Omni supports Wounded Warrior Project. Read about Omni’s other goodwill involvement.

Notice: The entity operating in the State of Washington is Omni Financial of Washington, Inc, DBA Omni Financial, NMLS unique identifier: 62498. Washington State Loan License number 520-CL-18068.

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Omni military loans