Military pay for college

This content is provided courtesy of USAA. But finding a way to pay for that degree is still worth it. College costs are rising. Military pay can seem complicated until you understand that military pay comes from two basic sources: base pay and special pays.

Find out how you can foot the bill.

Base pay is the same across all service branches and is based on rank and time in service, with pay raises according to years of creditable service. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewe commissioned or otherwise endorsed by any of our network partners. The Montgomery GI Bill is designed to help you pay for your college education.

Depending on how long you enlist with the Army and the job you choose, you can get over $50to help pay for college. The good news is that military spouses are eligible for military benefits as well as programs available to civilians. Despite the challenges that members of the military face, here are three ways those on active duty can pay for college : Tuition assistance.

The National Guar like other branches of the military , has financial aid to help with higher education costs.

In fact, more than any other branch in the U. Military , the National Guard consistently helps members get through college. Joining the military is an important decision that comes with its own set of risks, including loss of control over your schedule and a long-time commitment that can be extended. How joining the military can help you pay for college? Does the military really pay for your college? How can the Army Reserve help you pay for college?

Can I become a military officer without college? If you qualify for this program, then the military may pay off all or part of your student loan debt. There are many great reasons to join the military — and the ability to get an education is one of them.

If you are considering joining up, you may be able to take advantage of one or more of these programs to help you pay for college. Teenagers considering having the military pay for college must truly have a desire to serve in the military —because in return for the education benefits of joining the army, they commit to serve in the military for a period of time. Will the military pay for college ? The valuable leadership and people skills you need to be successful in life will become second nature after attending one of these historic schools. Many college campuses have dedicated counselors and advisors to help military personnel and veterans begin, transfer or transition to college. Many healthcare professionals are recruited this way as the military offers to pay off part (or all) of your college tuition if you serve upon graduation.

The program is available to active duty, National Guard and Reserve Component service members. You must enlist for at least six years and have loans before you go on active duty.

This program will pay of your loan balance for up to $2000. Some pay periods are only days long, and others a bit longer. It is important to be aware of how long you will have to go, so you know how long your pay will need to last. For retirees, if the 1st falls on a weekend or holiday, they get paid on the last business day of the prior month. Most require that you commit yourself for a longer hitch in the military.

Regular Military Compensation (RMC) is defined as the sum of basic pay , average basic allowance for housing, basic allowance for subsistence, and the federal income tax advantage that accrues because the allowances are not subject to federal income tax. What you need to know about military tuition assistance. This assistance, set up to thank service members for their vital work, can help pay up to 1percent of tuition expenses. Both the federal government and non-profit organizations offer programs for military personnel to get free money for college (grants and scholarships).

In a recent survey, of parents believed a college education was key to their child’s future, yet only of parents had a plan to pay for college. Paying for college is a challenge for most families and often involves pulling from a variety of sources – from financial aid to savings. The Army Reserve also helps you pay for college , and if you’ve already attended college , the Army Reserve will help you pay off your loans.