Financial literacy is a crucial tool when navigating the world of loans and payments. The military provides its members and their families with resources that help them understand the different types of loans available to them. The need for financial literacy for military families has been addressed through efforts such as the Servicemembers Civil Relief Act in 2003, the Military Lending Act of 2007, the Higher Education Opportunity Act of 2007, policy actions by the Consumer Financial Protection Bureau, and news reports. Resources that meet the need to protect military families from predatory lending and promote their postsecondary education attainment are provided not only within the federal government, but also by professional and not-for-profit organizations.
U.S. Department of Veterans Affairs Financial Literacy Resource
Free financial tools and methods to educate service members and their families on their finances.
USAA Educational Foundation Resources on Pursuing Higher Education
Information regarding service members’ access to college.
Consumer Financial Protection Bureau Information for Service Members
Additional resources for service members, veterans, and their families.
Financial Industry Regulatory Authority Foundation’s Military Financial Readiness Project
Provides free, unbiased financial education tools to service members.
In Charge Educational Foundation: Military Money
In Charge Debt Solution’s resources for military families.
National Financial Educators Council
Military financial literacy information.