By Kat Tretina, Student Loan Hero Contributor
Whether you are in active duty or are in the reserves, members of the Armed Services are eligible for money-saving benefits and programs in return for their service. From student loans to car insurance, service members and their families can take advantage of helpful programs and incentives.
But according to former Army Sergeant First Class Priscila Kalagian, active duty members and veterans often do not know what benefits are available to them, both from the government and from retailers.
“There are tons of different programs and it’s hard to keep track and figure out what’s available to address one’s current needs,” said Kalagian. “But there’s help in the forms of education, financial planning and more.”
So here are 13 examples money-saving offers currently available to service members, ranging from discounts on new cars to student loan debt forgiveness programs.
Military Discounts on Cars
Whether you are shopping for a new car or are looking for more affordable car insurance, service member discounts can help reduce the cost.
If you are on active duty, retired from the military, or are a member of the reserves, you can get up to 15 percent off your auto insurance premiums with Geico.
Through its Honda Military Appreciation Offer, active duty service members and veterans can get $500 toward the purchase or lease of any 2016 or newer Honda vehicle.
Purchase a car from Nissan and you can get up to $8,000 off of the MSRP. The offer is combinable with other discounts, such as service member promotions offered by local dealerships.