Companies M, L, & K of the New Jersey National Guard's 113th Infantry march past the reviewing stand at Fort Dix on May 3, 1941.
Student Loan Repayment
The Army National Guard offers Student Loan Repayment Programs for enlisted Soldiers, Chaplains, and Health Care Professionals.
Student Loan Repayment - up to $50,000
The Student Loan Repayment Program (SLRP) is offered as an enlistment incentive for Non-Prior Service and Prior Service enlistees. It is also offered as a retention incentive to current Army National Guard soldiers. If you have already started your college studies and have incurred a student loan obligation at the time of your enlistment or extension in the Army National Guard, the Army National Guard can help you repay up to $50,000 of your student loan. Qualifying loans are described below.
Chaplain Loan Repayment - up to $80,000
The Army National Guard Chaplain Loan Repayment Program (CLRP) is offered for the purpose of maintaining adequate numbers of qualified chaplains within the National Guard. The maximum amount of the CLRP is limited to $80,000 ($20K for each 3-year period of obligation) and covers the loan’s principle, interest, and related expenses. The maximum annual payment made to eligible participants under the CLRP may not exceed $6,666 for each year of the incentive term.Eligibility Criteria:
Healthcare Professionals Loan Repayment - up to $240,000
Army Medical Department (AMEDD) officers in the Medical and Dental Corps can receive the Healthcare Professionals Loan Repayment Program (HPLRP) - up to $240,000 for certain specialties - by agreeing to a six-year service commitment with the Guard ($40,000 per year, with a $240,000 lifetime cap).
Physicians Assistants, Physical Therapist, Social Workers, and Clinical Psychologists may qualify for loan repayments up to $25,000 per year with a $75,000 lifetime cap.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. Access the NSLDS at 1-800-4-FED-AID or www.nslds.ed.gov/npas.
For more details contact your local Army National Guard recruiter or the Officer Strength Manager.