Edvisors Private Student Loans

U.S. Army Loan Repayment Program

$1,500

June 23, 2021

Awards Available: See Description

  • Scholarship Description
  • U.S Army Loan Repayment Program helps servicemen repay qualified student loans. Out of all the service branches, the Army’s CLRP benefits package is typically regarded as the best, since it provides up to $65,000 in lifetime student loan forgiveness. The benefit is doled out on an annual basis, beginning as soon as a Soldier completes his first year of qualifying service, and provided at a rate of either 33.33% of his or her loan’s outstanding principle balance, or $1,500, whichever amount is greater. Eligibility Criteria:To qualify for Army student loan repayment benefits, you must enlist for Active Duty service in the Army and: -Request to participate in the LRP program during your enlistment process.
    -Get your participation annotated in writing on your enlistment contract. -Decline participation in the Post 9/11 GI Bill in writing, using DD Form 2366 (see section below for details). -Hold a high school diploma (GED equivalents will not suffice) at the time of your enlistment. -Score a 50 or higher on the Armed Forces Qualification Test (your main score from the ASVAB you took before enlisting). -Enlist in a Military Occupational Specialty (MOS) deemed eligible for participation in the CLRP at the time of your enlistment (check with your recruiter to make sure that your MOS applies at the time you join up, as eligible programs change by the day). -Be on a non-prior service accession (unless you’re using enlistment in the Reserves to qualify for LRP benefits). -Have a student loan that qualifies for participating in the Army’s CLRP program (one insured or guaranteed by the Higher Education Act of 1965, Title IV, Part B, D, or E). For more information or to apply, please visit the scholarship provider’s website.

  • Contact
  • U.S. Army Education Division
  • help.myarmybenefits@us.army.mil
  • 800-339-0473

See if you qualify for this award

Learn more about this scholarship and many more.
Find Scholarships Instantly!
  

Comments (0)

expand_more

Care to comment?
Go ahead - we're listening! Did you apply for this scholarship? Why? Why not? Maybe you even won!
Your comments could help fellow Scholarships.com members.


If you can read this, don't touch the following fields


Latest College & Financial Aid News

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020

by Izzy Hall

Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two. [...]

It’s Not Too Late: Guide to Appealing Financial Aid

July 28, 2020

by Izzy Hall

Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the wake of the pandemic. And as the FAFSA determines your Expected Family Contribution (EFC) based on income from the previous year, students may have greater financial need now than they did when they initially filed for federal aid. Unfortunately, the deadline to submit the FAFSA passed at the end of June. However, it is not too late to appeal your student financial aid from your chosen institution. [...]

The FAFSA: Why You Should File (And How!)

July 23, 2020

by Izzy Hall

The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in a time of economic uncertainty caused by the coronavirus pandemic, it’s surprising to learn that many low-income and minority students did not submit the FAFSA for the upcoming academic year even though they would’ve been eligible for federal aid. At Scholarships.com, we don’t want students to miss out on any form of college financial aid. Applications for the next academic year will open soon, so get prepared by reviewing these FAFSA facts. [...]