To stave off financial hardship by Guardsmen and Reservists for whom call-up means a pay cut.
Governor McGreevey (D-NJ) spent part of Tuesday at Fort Dix speaking to 180 soldiers as they prepare to deploy for Iraq. The members of the two New Jersey National Guard units will be overseas for one year serving as military police officers.
As the soldiers spent time with their loved ones, the governor announced a new loan program for military families. Four banks are offering loans of up to $10,000 with principal and interest deferments to all New Jersey National Guard members and military reservists called to active duty. The governor says the "Freedom Loans" will allow soldiers to concentrate on their military duties without worrying about financial problems at home.
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