What You Should Know About the Army College Loan Repayment Program

A special enlistment incentive offered to qualified applicants, the Army College Loan Repayment Program pays one-third of qualifying student loans for each year of full-time duty served. The program will contribute up to $65,000 toward eligible loans for enrolled active-duty Soldiers, with some funds also available to the National Guard and the Reserve. This student loan assistance can be a significant benefit for qualifying Soldiers.

Soldiers interested in taking advantage of the Army College Loan Repayment Program should speak with their local Army recruiter about all eligible loans and other eligibility requirements, preferably before taking any loans out. Keep in mind that the qualifying loans and other requirements may change, so it's important to keep in communication with your recruiter to make sure your loans are eligible for repayment under the plan.

Currently eligible loans include:

  • Supplemental Loans for Students (SLS)
  • Stafford Loans
  • Perkins Loans
  • Parent Loans for Undergraduate Students (PLUS)
  • William D. Ford Loans

Be sure to check with your recruiter if you have questions about the eligibility of a particular loan.

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Thanks for this post. This

Thanks for this post. This Army College Loan Repayment Program will be very helpful to all deserving students who have great minds but financially incapacitated. Cost should always be an issue in college selection, though a fair number of students know about this. The government should also prioritize giving assistance to students for they are the future leaders.