Army college loan repayment program officers

The Army will not pay on loans that are in default. In order to maintain eligibility for the Loan Repayment Program, Soldiers must remain qualified in their original MOS throughout their initial term of service.

If an LRP participant does not fulfill their obligated term of service by separating from the service early, then that Soldier will lose their eligibility for LRP. There are some exceptions to this early separation rule. For example, individuals who separate early after completing at least one year on active duty, may be eligible for prorated LRP payments if the reason for separation was physical disability, hardship, or certain convenience of the government discharges.

Toggle navigation. However, within these limits, each of the services has applied their own maximums. At present, the Army and Navy will repay the maximum allowed by law for non-prior service active duty enlistments. To qualify for CLRP, a loan must be entered into before joining the military. The following loans qualify for the College Loan Repayment Program:. These criteria will vary based on the individual branch of the military. But for active-duty personnel, they must have no prior military experience to qualify.

In the Air Force and Navy active duty, personnel must be enlisted for a minimum of four years; in the Army active duty, the minimum enlistment is three years.

These are subject to change based on need, so it's best to check with a local recruiter to see which jobs are eligible for CLRP. Within the Army and Navy Reserves, those with prior military service are eligible. And perhaps most importantly: The CLRP must be included in the recruit's enlistment contract in order for it to apply. Remember that these are maximum amounts and may be limited only to very specific military specialties. They make the payment directly to the loan servicer.

Payments are subject to taxes in the year it is paid. A percentage of the payment will be withheld; therefore, it is important that you file income taxes with this W Since payments are considered income, this withholding will deter a large tax bill at the end of the year. In general you will receive a refund from the IRS. Potentially, you could get all the money back from the IRS and use the refund to make a payment on your student loans.

If you signed up for a 3 year contract to qualify for Student Loan Repayment, you will have to reenlist for at least 3 more years to be eligible for the GI Bill. Whether you need a guide on how to use your GI Bill, want to take advantage of tuition assistance and scholarships, or get the lowdown on education benefits available for your family, Military. Subscribe to Military. This is certainly much clearer than most sites out there.

Second, I could really use some help clarifying this since I see conflicting information all over the internet and frankly recruiters have not been that helpful. I graduated Navy OCS in October and from what I can tell, the repayment programs in the Navy only apply to enlisted personnel and not to commissioned officers. Rules have changed over the years, but during the big wars in Iraq and Afghanistan, all branches offered better benefits.

Tim: Im in the same boat, except a much larger amount for our son. Did you determine if the parent plus loan was eligible? I dont think the govenment has any idea how much the college debt is taking a toll on families. Contact your Loan Servicer to find out if yours qualifies.

I believe my son has loan payments starting in November. He just joined the National Guard and they put in his contract the payoff of his loans. Will he need to pay in the loans in the meantime and what else should he know? I joined after completing college and acquiring my degree. Is there anyway I can still acquire this program or any other military program to help pay off my student debt? If you missed the bus on CLRP at enrollment, then that ship has probably sailed.

Maybe if you switched branches and enrolled in a different service? I am wondering what sources you used, so I can use that in a package request. My son is a 3 year army rotc scholorship winner at the University of Kentucky in Lexington Kentucky. I took out a parent plus loan for his first year in my name. Parent Plus Loans are a tricky subject. Please do me a huge favor and come back to let me know what they told you after you find out. This is a group of attorneys that offer pro bono legal services for the Federal Government.

You can trust them, and you can believe the answer they give you. He also told me only curtain jobs in the navy provide the College Loan Repayment Plan.

Is this information true?? You will want to listen to what the Recruiter says, not what my site says. Can the federal government take our tax income to pay for student loan dept that the national guard army contract agreed to pay off. These loans are from Not only has the loans not been paid in a long time, but since they are only paid twice a year they have ruined a soldiers credit score.

And now the IRS has seized our income tax to pay for them.