dmcclarie
December 4th, 2006, 06:34 PM
I already attended college and graduated with an associates degree. Will the NG pay for the loans i already have or does it only pay for school you are going to attend or are currently attending? someone please let me know. thanks
doubtfuldarhma
December 5th, 2006, 11:56 AM
The guard does help you repay loans. On the main part of the web site there is a page that gives a little info. For more details ask your recruiter.
sgtblack82
December 5th, 2006, 07:27 PM
The guard does help you repay loans. On the main part of the web site there is a page that gives a little info. For more details ask your recruiter.
depends on the situation, did it take you two years, you may have three years left to go back to college on the gi bill. The guard does have loan repayment but you have to make sure that in your contract, and ask a recruiter but you should be able to go for three more years with military assistance.
AbnMtn
December 6th, 2006, 03:54 PM
I already attended college and graduated with an associates degree. Will the NG pay for the loans i already have or does it only pay for school you are going to attend or are currently attending? someone please let me know. thanks
The Guard offers the Student Loan Repayment Program (SLRP) as an enlistment incentive for those who qualify as CAT I thru CAT IIIA (AFQT of 50 or higher), enlist for the 3X5, 6X2 or 8X0 option, and the loans where incurred prior to the enlistment.
The loans must be a federally insured loan or National Direct Student Loans such as Stafford (subsidized and unsubsidized), Federally Insured Student Loans, Perkins, Auxiliary Loans to Assist Students (ALAS), Supplemental Loans for Students (SLS), Consolidated Loan Program (CLP) and (SMART) and William D. Ford Federal Direct Loan Program (state student loans are not eligible for the SLRP).
The program repays up to a maximum of $20,000 but repayment may not exceed $3,000 per year (3X5 = $9,000; 6X2 = $18,000; and 8X0 = $20,000). The loans must be one year or older on the first aniversary eligibility date and may not be allowed to be in default. Payments are made on the aniversary date of enlistment for each year of satisfactory service.
Your benefits as a student don't stop there. You still may qualify for the GI Bill - $309/month for full-time students, the GI Bill Kicker - $200/month (need to be a CAT I thru CAT IIIA - 50 or higher on AFQT), federal Tuition Assistance (up to $250 per credit/hour with a max of $4,500 per year) and finally the State Tuition Assistance Program (STAP) for states that offers them (for example RI offers 100% tuition to three of its state funded college/universities). As mentioned before, contact a local recruiter to find out exactly what's available for you.