Posted on Jan 1, 2019
PVT Petroleum Supply Specialist
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I’m a junior in high school and recently swore in. My contract promises me $40,000 in student loan repayment. Although i have a little over a year before beginning college, i was wondering exactly how the army reserve student loan repayment program works.
Posted in these groups: 5a9f5691 College
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SSG Environmental Specialist
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You may want to have that contract looked at since you do not currently have any student loans, usually to get SLRP you must decline the GI bill, the reserves offers as stated, tuition assistance and other programs, now being in the reserves and depending on how your contract is worded you may have SLRP if it states it is for future education loans if that is the case they will pay a % or $1,500 per year on the anniversary of your contract, You would need to get with your Unit Administrator and file for payment each year as long as you are in good standing for that year.
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SFC Senior Brigade Career Counselor
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I'm pretty certain the SLRP only repays your current student loan, not your future student loan debts. I am certain it's $40,000 of eligible student loans. Since you have no loans, you have no eligible loans.
Fortunately, you still qualify for tuition assistance and your GI Bill so that you won't need to go into debt with student loans anyway.
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PVT Petroleum Supply Specialist
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So despite the loan repayment being in my contract, it won’t apply later?
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SFC Senior Brigade Career Counselor
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Unless you declined the GI Bill, you don't have the loan repayment. You may have misread your contract. Reserve contracts are long and overly confusing and have many sections on it that don't apply to you specifically. Unless you declined the GI Bill, you aren't eligible for loan repayment.
Here's an article about it, look under the eligibility section:
https://www.thebalancecareers.com/military-college-loan-repayment-program-clrp-3332700
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CMDCM John Staples
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It seems to me that lawyers cannot do without, in any case, specify here - the lawyer https://attorneydebtfighters.com/ will provide you with a free consultation here.
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