SALT (www.saltmoney.org), a free web resource for managing student debt, has released a new guide to education benefits, called “The Military Smartbook for Defeating Student Debt” (https://www.saltmoney.org/landing/MilitaryDefeatStudentDebtEbook), that service members, veterans and their families can use to cut higher education costs.
“State and federal governments do quite a bit to help members of the U.S. Armed Forces manage higher education costs, but unfortunately this information can be difficult to find and there’s no single resource for these benefits,” said Betsy Mayotte, director of regulatory compliance for American Student Assistance, the nonprofit organization behind SALT. “Our Military Smartbook makes the options available to servicemembers more transparent.”
The release of the Smartbook comes amid growing concerns that military members and their families are having increasing difficulty navigating the very benefits put in place to make their education more affordable. This week the Senate Health, Education, Labor and Pensions Committee will hold a hearing examining access and support for servicemembers and veterans in higher education. Meanwhile, the federal Departments of Justice and Education recently announced a settlement with a major student loan servicer over claims that it charged members of the military too much interest on their student loans.
The Smartbook contains information on federal and state-based programs for current servicemembers, veterans and family members as they pay for college, repay loans, and pursue additional education and training. The Smartbook helps readers determine which options apply to them and the next steps they need to take to receive the benefit.
Additional Smartbook features include a “Federal Benefits at a Glance” chart to help readers easily see and compare choices, as well as links to available state veterans’ affairs websites.
A SALT membership is required to access the Smartbook. Registration is free.
The Military Smartbook follows the release last year of the popular SALT e-book “60 Ways to Get Rid of Your Student Loans (Without Paying Them).”
About SALT and ASA:
SALT is a free educational resource that provides simple, smart, personalized ways for college students and recent graduates to take control of their student debt and manage their finances. With a combination of helpful tools, tailored information, and unbiased expertise, SALT helps young people borrow less, borrow smart and repay their loans in a way that works for them. SALT was created by American Student Assistance, a nonprofit organization with 50+ years’ experience helping people make better decisions about financing their education and repaying student loans. Visit www.saltmoney.org or call 617.728.4631 for more information.