Posted on Mar 24, 2021
What's the interest rate on payback of an Enlistment Bonus?
3.09K
16
4
3
3
0
I got out of the Air Force several years ago on what I was told would be a medical discharge where I was assured I would have no debt and would get assistance. After the fact, I discovered that my discharge was listed as a "Personality Disorder" and that I had to repay my enlistment bonus, but I was given no information on the interest rate or exact amount.
Does anyone know what the interest rate on this is?
Does anyone know what the interest rate on this is?
Posted in these groups: 
Enlisted
Enlisted
Posted >1 y ago
Responses: 4
5
5
0
Whomever is making you repay the bonus will provide all of this information and no one on here can really give you any good info with the limited details you have provided.
(5)
(0)
3
3
0
There is no interest rate. You will pay back a prorated portion. If you served one year of a three year enlistment then you pay back two of those years.
However, you'll pay back the pre tax amount, not the post 22% tax deduction amount you received
However, you'll pay back the pre tax amount, not the post 22% tax deduction amount you received
(3)
(0)
2
2
0
Go to the VA, Get a rating. If it is over 30% you fill out DD149 and submit it to the Air Force Board ofCorrection of Military Records for Medical Retirement. This will cause them to re examine your case. There is no telling where it goes from there
(2)
(0)
Read This Next
Continue with Facebook 
Continue with Google