I have just jpined the Navy and i read somewhere that the military pays off your school loans. Is this true?
2006-08-31 02:37:34 · 10 answers · asked by SwellSurfer17 1 in Politics & Government ➔ Military
Yes, if you negotiate it with your recruiter. They do not just say "oh, by the way, here is $20,000" (or whatever amount).
2006-08-31 02:43:05 · answer #1 · answered by Jay 6 · 0⤊ 1⤋
Yes. I know the Army does it, don't know about the Navy. My roomate in Iraq had it as part of his "CONTRACT!!!!" Now if you want it and the Navy wont give it to you because you just joined tell them to screw themselves because they can't do anything to you unless you get on the plane. Play hardball with them. If you don't get what you want: walk away. You'll be suprised how quickly they'll come around.
Now. The military will pay back your student loans based on your contract. Say you signed up for 4 years and they agree to pay $60,000 of your loans. They will pay 15,000 each year on the anniversary of your enlistment. They do not pay on your interest though, you do. If you get deployed there is a federal law that prohibits you from having interest charged to you so this is a little perk in the event you go to war.
2006-09-03 16:53:06 · answer #2 · answered by SL 3 · 0⤊ 0⤋
I don't know about the Navy, but the Army offered a college loan repayment bonus program based on your qualifications. The qualifications were that you chose a job with that bonus AND your college loans were not in default. This was something that was guaranteed when you signed your contract.
You need to talk to your recruiter and find out if 1) the Navy offers that, 2) if so, did you qualify, and 3) if so, can you get it.
2006-08-31 03:16:56 · answer #3 · answered by My world 6 · 1⤊ 0⤋
Navy- yes but it has to be in your contract. The classifier (not the recruiter) will work out the details with you. It happens at MEPS.
2006-08-31 03:25:40 · answer #4 · answered by Seabee 2 · 1⤊ 0⤋
There is the Montgomery GI Bill that gives you money for college.
Here is their website for education:
http://education.military.com/money-for-school/gi-bill/learn-to-use-your-gi-bill
2006-08-31 06:01:31 · answer #5 · answered by gregory_dittman 7 · 0⤊ 0⤋
I never heard about that.Ask your local military recruiter.
2006-08-31 03:13:36 · answer #6 · answered by John G 5 · 0⤊ 2⤋
Absolutely NOT!!!
2006-08-31 04:16:12 · answer #7 · answered by Vagabond5879 7 · 0⤊ 0⤋
you would have to ask your recruiter that question
2006-08-31 02:43:49 · answer #8 · answered by Gabe 6 · 0⤊ 1⤋
you can't pay if your dead right?
2006-08-31 03:00:42 · answer #9 · answered by Anonymous · 0⤊ 2⤋
NO
2006-08-31 02:43:22 · answer #10 · answered by john p 3 · 1⤊ 1⤋