How do I get the army to pay for my back student loans for college?
Posted on August 20, 2011
Question by Me likes U: How do I get the army to pay for my back student loans for college?
I been enlisted for 4 years and I just found out that the Army would do this, question is how?
Do I have to use the GI Bill for this?
Best answer:
Answer by redleg
The Army’s Loan Repayment Program (LRP) is a special enlistment incentive that the Army offers to highly qualified applicants at the time of enlistment. Under the LRP, the Army will repay up to $ 65,000 of a soldier’s qualifying student loans.
To be eligible for the Army LRP you must:
Decline enrollment in the Montgomery GI Bill in writing, using DD Form 2366
Have LRP guaranteed in writing in the enlistment contract (DA Form 3286-66).
Be a non-prior service accession.
Enlist with a high school diploma.
Have an Armed Forces Qualification Test score of 50, or higher on the Armed Services Vocational Aptitude Battery (ASVAB).
Enlist in one of the critical military occupational specialties (MOS). These MOS change quarterly. The local Army recruiter will have the current list.
Possess a loan that was made, insured, or guaranteed under the Higher Education Act of 1965, Title IV, Part B, D, or E prior to entering active duty
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If you are already enlisted in the military you cannot use the Student loan repayment plan or the Gi Bill to pay back student loans that are from before being in the military. It would have been a requirement when you first enlisted to take that option and then you would not have the GI Bill. These loans would have had to been through the federal government not private school loans or bank loans.