Retired Military Personnel
CGMA retired programs are available to military members who have retired from Active Duty based on longevity or because of physical disability (TDRL and PDRL) and reserve members who have met service requirements and have been transferred to retired status (with or without pay).
You can apply with the CGMA Representative at the nearest CG unit or at a local American Red Cross. If you are not near those resources, you may contact CGMA-HQ directly at email@example.com.
There is also a simplified application for retirees and annuitants.
Unfortunately, CGMA is not able to help members who separated prior to retirement or retired civilian employees.
Programs for Retired Military Personnel
Who helps the helpers? We do. In major disasters such as hurricanes and typhoons and personal disasters like fires, the Coast Guard community can count on CGMA as a trusted and reliable resource. CGMA has loans and grants for a range of needs from evacuation, to replacing essentials and starting repairs.
Supplemental Education Grant (SEG)
One great way to make your family more financially resilient is to invest in your own education. CGMA’s Supplemental Education Grant (SEG) can help cover some of the costs of higher education that Coast Guard Tuition Assistance or similar programs might not. You can use this money for yourself, your spouse, or your dependent children […]
Welcome Baby Layettes
CGMA has a gift package to welcome every new Coastie baby. The CGMA backpack comes equipped with essentials such as onesies, burp cloths, and a CGMA sippy cup.
Basic Living Expenses Loan
CGMA offers short-term help with food, shelter, utilities, and necessities in lots of unforeseen circumstances. Personal funds may have been lost or stolen or used for another emergency, a roommate may have left, or a spouse may be temporarily out of work.
Vehicle Repair Loan
Clients who can't afford major, unexpected car repairs can turn to CGMA.
Home Repair Loan
Home repairs can be sudden, serious, and costly. A fire, burst pipe, roof failure, or other emergency can put your family in danger. If repairs are necessary and you don’t have the funds, CGMA can help with a loan. In extreme circumstances, CGMA will consider a larger loan or a partial grant.
Funeral Expenses Loan
When a loved one dies and the family faces a serious financial burden, CGMA can offer a loan to pay for a modest funeral.
Closing Costs Loan
We know how important home is to Coast Guard members who must find a new one so frequently. You’ve worked hard to find and qualify for a house. Now CGMA can help with the final piece: closing costs.
Assisted Reproductive Services (ARS) Loan
In the United States, one in eight couples has trouble getting pregnant or staying pregnant. CGMA supports members of the Coast Guard community with financial assistance to build their families. Assistance is available for clients wishing to engage in a recognized fertility treatment program or associated costs not covered by TRICARE.
Adoption Home Study Grant
Are you growing your family through adoption? CGMA can reimburse you for the cost of the home study.
CGMA can help you proceed with an adoption when finances are tight. Get an interest-free loan of up to $6,000 to cover adoption-related costs.
College costs are a challenge, whether for yourself, your spouse, or your children. CGMA members can borrow up to $6,000 for higher education expenses.
Stafford/PLUS Loan Fee Grant
Many families finance higher education through the Federal Stafford Loan or Federal Parent Loan for Undergraduate Students (PLUS). CGMA makes the process easier by offering a grant to reimburse you for the mandatory loan fee, which can be up to 4%.
Most medical and dental care is covered by government benefits, but in some extraordinary cases you can be left with a hefty bill. CGMA is there to fill the gap.
Pet Expenses Loan
CGMA considers pets an essential part of the Coast Guard family. We’re here to help when pet expenses are overwhelming.
Elder Care Loan
As baby boomers age, more Americans are facing the costs of elder care. CGMA is there as always, providing interest-free loans for costs like installing specialized equipment or moving an elderly and/or disabled family member.
Childcare is one of the biggest expenses a family faces. CGMA can’t cover regular monthly costs, but interest-free loans are available for initial fees and for childcare during emergencies.
Debt Management Loan
CGMA supports its members as they work on their financial resilience. The Debt Management Loan helps create the minimum financial condition to allow the client to live frugally while paying off debts responsibly.
Child Support Loan
Reliable child support is important to Coast Guard families. CGMA offers interest-free loans when a family doesn’t receive an expected payment or when a payer doesn’t have the funds to make the payment.
Financial Counseling Grant
Education and budgeting can make all the difference in your financial situation. If a member is unable to use financial counseling from Coast Guard sources, CGMA will pay for services from a member of the National Foundation for Credit Counseling (NFCC).
Financial Education Childcare Grant
You can make a real difference in your financial situation through financial education and counseling. It works best if spouses attend together. CGMA makes it a little bit easier by providing for childcare.