I have a lot of tyro loans from college as well as grad school. we have seen ads for tyro loan amends on fasten a Army Reserve. Are these usually for enlisted or officer, too? Any alternative sum would be helpful. I’m additionally meddlesome in any tyro loan amends in alternative branches.
the military is not a good idea if you want to get to college money ure better off in the civilian world… military is not about getting you to college money it is about serving tho they will tell you they can but really no i dont think you should do that youll be in iraq and also id say you should get a summer job dont join the army for that reason… studant loans are not really that great just get a part time or summer job and work it off… the military will pay you some but not nearly enough needed for college… that part of the military is not really a reson to joing you can make more money at another job and if you do join the army youll probably be deployed since its war time… if you do join be and officer
Student Loan Repayment: The following are the types of loans they repay:
Auxiliary Loan Assistance for Students (ALAS)
? Stafford Student Loan or Guaranteed Student Loan (GSL)
? Parent Loans for Undergraduate Students (PLUS Loans)
? Federally Insured Student Loans (FISL)
? Perkins Loan or National Direct Student Loan (NDSL)
? Supplemental Loans for Students (SLS)
None of these can be in default at the time. In the Reserves they only pay up to $1500 a year or a total of $10,000 over 6 years. There are certain jobs you can qualify for $3000 a month or a total of up to $20,000.
On the other hand, if you join the active Army for four years and you qualify they will repay up to $65,000 in student loans. This is paid after your second third and 4th year.
As far as I know no other branches have loan repayment.
Repayment of Student Loans was started by the Army as an enlistment enticement.
“If you are enrolled in this program, you earn 33 1/3 percent or $1,500 (whichever is greater) toward the remaining original unpaid principal on all qualifying loans for each successfully completed year of enlisted active duty.”
Hope this helps!
I would sure hope that you’re not joining the military solely to get your loans repaid. I would hope that the main reason is to serve your country.
If you have a graduate degree, you will probably be much better off as a civilian. However, I don’t want to discourage you from serving your country. Good luck.