For students interested in attending college, there are several types of student loans and financial assistance available. With the cost of a college education on the rise, many students are worried about paying for their college tuition.
The Armed Forces can help you manage your college debt with special loan repayment programs for qualified students. Many people are not aware that the Army, Navy and Air Force recruiters can offer you special programs for repaying student debt.
Army: The Army's Loan Repayment Program (LRP) is a special enlistment incentive that the Army offers to highly qualified applicants at the time of enlistment. Under the LRP, the Army will repay up to $65,000 of a soldier's qualifying student loans. Reference Military.com for more information on eligibility.
Navy: The Navy's Loan Repayment Program (LRP)
will also pay for up to $65,000 of loans acquired from a post-secondary education. The LRP is available to all active Navy enlisted positions! See this page for more details.
Air Force: The College Loan Repayment Program (CLRP) was created for all new service persons enlisting in the Air Force. Participants choose to sign up for this program when enlisting, and personnel enlisted can receive a repayment maximum is $10,000.
Available to all armed forces personnel, the Military College Loan Repayment Program promises to pay back a share of new recruits outstanding student loans if they agree to enlist for reserve duty or active duty. One way for students looking for a means to enter the military but not go to a traditional military academy or college is the ROTC or Reserve Officers Training Corps. Following graduation, reserve students must make a commitment to the military. Many universities and colleges around the nation have ROTC programs available.
Further information on military student loans is available at Military.com.