8/30/2023 0 Comments Army aer loan max amount![]() ![]() Red Cross representatives will be able to assist with emergency leave situations and privation issues after hours. This change has been implemented to stay in line with this concept," said Brooks.Īlso, calls to AER placed after business hours, or on weekends and holidays, will now be routed to the American Red Cross military call center. "AER recognizes that by virtue of a Soldiers ranks, there are certain actions they can accomplish on the installation without having their company commander or first sergeant's signatures. Applicants holding a rank at or above master sergeant, chief warrant officer 3, or captain will no longer be required to have their company commander or first sergeant's signatures when seeking assistance. ![]() The length of time allotted to repay the Commander's Referral Program loan has been extended from 12 to 15 months in to provide an even more "reasonable monthly payment amount," she added.īeginning today, some applications for AER assistance will also see changes. ![]() Today, the average AER assistance exceeds $1,000," said Brooks. This amount was determined based upon the average loan being around $850. "When the program began in 2005, the maximum amount of assistance was established at $1,000. 1, the loan's maximum amount of assistance has been raised to $1,500 in order to accommodate the changing financial needs of Soldiers. One such loan is the Commander's Referral Program loan, which according to AER reports, represents approximately 29 percent of all AER assistance cases Army-wide.Īs of Aug. Primarily, the changes in AER policy pertain to how assistance is distributed and the amount of time allowed for repayment of certain loans. Recently, a few changes have been enacted in order to provide greater flexibility for Soldiers and Families in need, said Mimi Brooks, AER Relief Officer. (September 1, 2011) - Army Emergency Relief is a private, non-profit organization that provides emergency financial assistance to active duty Soldiers, retirees, Family members, survivors, National Guard and Reserve. ![]()
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