Army college loan repayment program

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.

The security accreditation level of this site is UNCLASSIFIED and below. The Army Civilian Acquisition Student Loan Repayment Program (SLRP) is administered by the U. Army Acquisition Support Center ( USAASC ) for Army civilian acquisition employees only. Just as with any other enlistment incentive, it must be stated on your enlistment contract or you will not receive it. ARMY RESERVE EDUCATION ASSISTANCE PROGRAM.

Eligibility for Student Loan Repayment Programs. To be eligible for the student loan repayment program you must: for an original (first) active-duty enlistment of at least years with a. However, if you took out Perkins Loans in the past, they still qualify for loan assistance. Reserve Officer Training Corps College Program.

ROTC (pronounced rot-see) is not a loan forgiveness program , but a college program that prepares students to become officers in the military. Army Reserve College Loan Repayment Program. The program pays for your college education in exchange for your service post-graduation.

Sergeant (SGT) Chelsea Pritchard Sergeant (SGT) Chelsea Pritchard obtained an Associate in Early Childhood Education from Granite State College. SGT Pritchard has served in the military for over five years as a National Guard Soldier and is currently assigned to 195th RTI in New Hampshire. Similar to the Army , the Navy will offer $60to those who enlist in active duty service. However, you must be enlisted for at least four years before you can receive this benefit.

Members of the Navy Reserves can get $10towards their student loans after six years.

Air Force Student Loan Repayment. Below is a summary of the best practices and lessons learned by agencies that have successfully implemented student loan repayment programs. This information is intended to assist agencies in establishing and administering a student loan repayment program.

United States National Guard ELIGIBILITY.