college loan repayment

[rickMooney4]

i have been in the guard for a over a month now (ive been to RSP once), and leave for basic 24 may. I Know my my school loans for last year are covered under the loan repayment program, but I not sure how to get the guard to start repaying them. is there a form or something i need to fill out? and who do i give it to? Thanks.

[KYRecruiter]

Each state is different, but normally you would have to have submitted your student loan documents when you enlisted. If you did so, it will be an automatic process. Your unit should be able to assist you in following up on the payments. The process takes some time, so if you have a payment due, pay it on your own. If you let it default, the Guard will not cover it.

[LRSU_Dog]

As long as you had SLRP (Student Loan Repayment Program) as part of your entrance contract into the ARNG you are good to go, but with that you should have also provided your recruiter/retention NCO with your student loan information.

Joining the ARNG does not make SLRP automatic, it must be in your contract. If it is you need to make sure that all of your current (as of your enlistment date) student loan information was submitted at enlistment with your contract. If necessary your unit can help you verify this information with your state's Benefits Coordinator.

As far as the program is concerned, it makes a lump sum payment, based on your contract, to your student loan organization on the aniversary of your enlistment/reenlistment. What this means is that you get a portion of your student loans paid after the completion of every year of service. Since you have only been in a short time, you have a little time to ensure that all of your paperwork is correct and complete - then on the aniversary of your entrance date a payment will go toward your loan(s).

[ndhgm]

I am looking for whatever info I can get regarding the SLRP. It is my understanding that as long as you have a student loan established prior to enlisting they will pay up to $20000. Are there any restrictions on this? Does it matter if the loan subsidized or not? Are there any time restrictions regarding the loan? Are there any usage restrictions on the loan? Does the loan have to be need based? I would appreciate if anyone has any answers for me and also any other details that I may have over looked. Also if there is any documentation I can look up this stuff with. Thanks.

[VTguard]

The loan must be in good standing (not in default) and it must be a federally funded loan. It also must be under your name (not your parents). You will be responsible for keeping the loan in good standing. If at any point, it goes into default, you the Student Loan Repayment Program (SLRP) stops. You must produce a promisary note, or something stating the amount of money owed. You must enlist for the 6 year option to be eligible for the $18,000 repayment, and the 8 year option for the $20,000 repayment. Other than that there are no strings attached.

[LawDawg25]

Student loans are repaid in increments throughout your enlistment your need to ask your units R&R NCO to submit the paper work each year on your enlistment anniv. You must be MOS qualified before you receive an entitlement.