student loan assistance

Long Overdue Update to Army Education Benefits Regulation

Army Regulation AR 621-202 Army Educational Incentives and Entitlements, which was first published in February of 1992, was updated this month (February of 2016) and the new regulations will take effect on March 8, 2016.

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Lenders Still Not Following SCRA

According to a report by the Consumer Financial Protection Bureau, some lenders are violating federal law by not adhering to the rules set forth in the Servicemembers Civil Relief Act, despite the fact that some recent violators have been fined millions of dollars.

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Education Department Easing Student Loan Rules

New changes to Federal student loan rules took effect this summer, with some of the changes aiming to ease repayment based on income. The new rules include:

New interest rates (for loans disbursed July 1, 2014 - June 30, 2015):

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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.

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Military Scholarships, Grants, and Student Loan Assistance

Checking all available resources for information about money for college from the U.S. Army is important -- you don't want to miss any available resources that may benefit you or your family to help you achieve your higher education goals. So, if you haven't had a chance to check out our new sister site, CollegeEducation411.com, now's the time! Information about Military Scholarships, Grants, and Student Loan Assistance has been posted, along with many other resources.

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