Loan Forgiveness – Military
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Receiving a college education may be the single most important accomplishment that one may achieve in their entire life time.
Do you need to apply for a student loan to pursue your college degree?
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Are you able bodied and looking for a challenge? Perhaps you feel a strong desire to help your country and see more of the world? If you have what it takes, the Military could be for you. And in return they are more than willing to help you with your loans. Even 10 years after graduation in some instances. Students who are in the Army National Guard may be eligible for their Student Loan Repayment Program, which offers up to $10,000. (Note, the military and veterans’ associations provide many scholarships and tuition assistance programs. See the Education section of the Military.com web site. for details.)
Military student aid, such as the Montgomery GI Bill, is the main reason many people enlist in the armed forces. However, GI Bill benefits cover only about three-fifths of the average cost of a college education, and about a third of eligible veterans fail to use their benefits.
The Primary Paths to Military Loan Forgiveness are:
- US Armed Forces Recruiting Programs
- Financial Aid for Veterans and their Dependents via Veterans and the FAFSA
- HEROES Act of 2003
Additional information can be found in the Education section of the Military.com web site.
Data: 2011-2012
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