College Loan Repayment Program (LRP)

The Loan Repayment Program (LRP) may be a special incentive that the military offers to highly qualified applicants entering the military . Under the LRP, the military will repay a part of a Soldier’s qualifying student loans. Only specified Military Occupational Specialties (MOSs) qualify for the LRP.

Regular Army: Active Duty
Regular Army: Retired
Army National Guard : Active Duty Under Title 10 USC or Title 32 USC (Full-Time National Guard Duty)
Army National Guard: State Active Duty
Army National Guard: Drilling
Army National Guard: Retired
Army Reserve: Active Duty
Army Reserve: Drilling
Army Reserve: Retired

The return home from combat can often leave servicemembers feeling out of place with the foremost important people in their lives – their families.

“In deployment, Soldiers grow familiar with a replacement lifestyle and a replacement ‘family’ – those buddies that bond together to defend one another ,” said Maj. Ken Williams, 14th MP Brigade chaplain. “This lifestyle change is prolonged and becomes familiar, i.e., the new normal.”

The families also change while the Soldier is deployed.

“The family may be a system,” Williams said. “When one loved one is absent, the entire system changes. All members of the family adapt to a replacement ‘normal’ way of life.”

When the servicemember returns, the family may feel uncomfortable with one another , and therefore the servicemember may withdraw from the family.

Simple answer, yes. The CLRP is an effective way to get rid of your loan debt. The program provides a maximum of $65,000 to help repay any student loan you contracted prior to joining the military. You can qualify for the program if you’ve not enlisted for military service before. However, you are eligible if you join the Navy and Army reserves after you’ve served in active service. Another way to qualify is if you reenlist in the military. But you must state in the enlistment contract that you’ve rejoined the Army; otherwise, you’ll not receive your CLRP benefits.

Remember everyone does not qualify for the college loan repayment program, and also not every loan is eligible for the military CLRP benefit. So, go through the entire guide to help you decide which CLRP works for you.

Military College Loan Repayment According To Branches
Every military branch offers different CLRP benefits. So in deciding where to enlist in military service, it is essential to know which military branch will give you what you need to pay off your student loans. Don’t assume that all the military benefits are the same. What you’ll receive in the Coast Guard is different from the Army Reserve or National Guard.

For example, if you’re planning to enlist in the Marines to pay off your student loans, you may need to rethink your decision because the Marines don’t offer any CLRP benefits. Take the time to go through the following branches in the military before choosing. The reason is simple: if you select the wrong militarily, you could end up losing a lot of money in military college loan repayment.

Army Student Loan Repayment Program
The army student loan repayment gives up to $65,000 in overall loans in the benefits program. Active duty service members must accept to enlist in the Army for a minimum of three years. If you complete your first year of active service, you’ll get a 33.33% in your remaining principal loan balance. In other words, you get $1,500 in your first year of active service to clear off your loan debt. You will get your payment for each of the next two years until you reach the amount limit.

Army Reserves can receive a maximum of $20,000 in loan debt repayment. But you must enroll in the Army for a minimum of six years. After the first year, you will receive 15% of your remaining loan balance annually or $1,500 until you get to the $20,000 limit.

The Army student loan repayment program continues to provide opportunities to get your student loans reduced or paid off entirely. Remember that the program is for service members who already have student loan debts. So if you don’t have any outstanding debts but need assistance in your college tuition, then you might want to check the Army Tuition Assistance program.

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