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OTC, CFO Make it Easier for Vets to Pursue Education Through Loans

Ozarks Technical Community College (Photo credit: James Mulvenon, KSMU)

There’s a new program to help veterans with the cost of pursuing higher education in the Ozarks.  KSMU’s Jennifer Davidson has details.

Many veterans experience delays when they apply for benefits, including the paperwork surrounding the Post-9/11 GI Bill. The Department of Veterans Affairs says it’s working on the backlog. But that delay often interrupts a vet’s education.

Ozarks Technical Community College and the Community Foundation of the Ozarks have joined hands to create a new loan program to help keep those vets in school.  According to a release from OTC, the Veterans Loan Program will allow veterans to apply for interest-free loans to help with living expenses while they are enrolled at OTC.

Hal Higdon, chancellor of OTC, says the loans will help vets continue their classes while they wait for those benefit payments to arrive.

To participate in the program, veterans at OTC whose benefits are delayed can submit loan paperwork to the college.  When those benefits payments eventually do come in, the student can then use them to pay back the loan, according to the release.

For KSMU News, I’m Jennifer Davidson.