U.S. Army Loan Repayment Program

$1,500

June 23, 2020

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

10 February Scholarships that Speak to Students' Hearts

February 14, 2020

by Susan Dutca-Lovell

This year for Valentine's Day, Scholarships.com is spreading the love with the things which high school and college students love most: college scholarships. Give yourself the sweet gift of graduating college debt-free with this list of February 2020 Scholarships - including scholarships for high school students and college student scholarships. Or, you can conduct a scholarship search to be matched to a personalized list of scholarships in a heartbeat. [...]

Best Scholarships for High School Juniors (Class of 2021)

February 10, 2020

by Susan Dutca-Lovell

To get a head start in the scholarship search game, many students - including high school juniors - begin searching for scholarships before their senior year in high school. High school junior scholarships can range from $500 awards to full-ride scholarships. [...]

Student Loan Debt Forgiveness for U.S. Military Veterans

February 4, 2020

by Susan Dutca-Lovell

The U.S. Department of Education plans to forgive $1.3 billion in outstanding student loan debt for roughly 25,000 disabled U.S. military veterans, beginning in July. Until now, the Department of Education had required veterans to formally apply for student loan forgiveness - having them complete "unnecessary paperwork to secure relief from their student loans, even after the Department of Veterans Affairs had found that a veteran met the legal requirements for disability-related loan forgiveness." In 2018, over 30,000 totally and permanently disabled veterans eligible for student loan forgiveness had not completed the necessary paperwork; a majority of which had defaulted on their student loans. [...]