AFAS Falcon Loan Increases $500 for Emergency Needs > Joint Base Andrews > News
The Air Force Aid Society recently increased the Falcon Loan from $1,000 to $1,500 to better support Airmen and Guardians who need emergency financial assistance.
The Falcon Loan is for emergency medical and travel expenses, assistance with rental and utility bills, childcare, and vehicle expenses.
“Falcon Loan is a streamlined process for receiving AFAS emergency assistance and the rules are a bit more relaxed, there’s not as much documentation needed,” said Megan Ramage-White, 316th Force Support Squadron Military and Family Readiness Center community readiness. consultant. “Falcon loans are also faster to process.”
AFAS recognizes unique situations. It also offers grants and standard assistance to help cover immediate needs and encourages positive steps towards sustainable financial solutions.
“Standard assistance is for anything over that $1,500 amount or if there is something that does not fit the intent of the Falcon Loan [to cover]said Ramage-White.
Airmen and Guardians can now receive payment through the digital payment network, Zelle, after the application approval process is complete. Representatives from the Military and Family Readiness Center encourage those in need to reach out.
“Everyone needs help at one time or another and honestly, it makes our day when we’re able to help,” Ramage-White said. “Don’t let a bad situation get worse. Come see us as soon as possible.
For help choosing the right type of assistance, how to apply, and more information about AFAS, visit their website at https://afas.org/, or contact the Military and Family Readiness Center at 301-981-7087.