How does student loan repayment work in the Army? How long does it take to repay my student loans? Are there any programs that can help pay off my student loans?
What payment methods can I use to repay my loan? The Loan Repayment Program (LRP) is a special incentive that the Army offers to highly qualified applicants entering the Army.
Only specified Military Occupational Specialties (MOSs) qualify for the LRP. The College Loan Repayment Program (CLRP) is an enlistment incentive for new recruits to the U. Like other such incentives authorized by Congress, each of the services is free to offer the program as it sees fit in order to meet established recruiting goals. The Army Student Loan Repayment Program is typically referred to as Army LRP or SLRP, but is officially known as the “ Army College Loan Repayment Program ”. Army LRP was created to offer a special incentive to highly qualified individuals who enlist in one of the Army’s critical military occupational specialties (MOS).
COLLEGE LOAN REPAYMENT PROGRAM. Under the Loan Repayment Program , the Army will repay up to $60of your current outstanding student loan debt. How to Use the Military College Loan Repayment Program for Student Loan Forgiveness.