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Can I have a Falcon Loan and another loan from the Air Force Aid Society running concurrently?

April 26, 2017aid air concurrently Falcon force loan running Society

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Can I have a Falcon Loan and another loan from the Air Force Aid Society running concurrently?

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Yes. It is possible that after you receive a Falcon Loan you might have a new need that can be addressed using the standard loan/grant process. The combined loans must be paid in full before receiving a second Falcon Loan. If you have a regular AFAS loan with a remaining balance, you are not eligible for a Falcon Loan. You may still request emergency financial assistance using the application form, which would involve the standard loan process of developing a budget with an AFAS caseworker and defining the actual need.