![]() They can access the RCMS website at to start their own LRP payment processing for initial and anniversary payments. The Loan Repayment Program payment processing is automated for Reserve Soldiers. Parent Loans incurred for someone other than the LRP participant Listed below are several loans that are not covered under this Act:Ĭonsolidated Loans for someone else (wife, sister, brother, etc) There are many loans that do not qualify, Individuals should ensure loans are covered under the Higher Education Act of 1965, Title IV, Part B, D, and E prior to signing the enlistment agreement. Parent Loans for Undergraduate Students (PLUS) (only loans incurred for the Soldier's educationĬonsolidated Loans (only loans incurred for the Soldier’s education will be paid) ) orĪny loan incurred for educational purposes made by a lender that is -Ī financial or credit institution (including an insurance company) that is subject to examination and supervision by an agency of the United States or any Stateįrom a pension fund or a non-profit private entity (subject to case-by-case review) )Īny loan made under Federal Perkins Loans part E of title IV of the Higher Education Act of 1965 ( 20 U.S.C. Ford Federal Direct Loan Program, part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. The Army will repay 15 percent of the outstanding principal balance, less taxes of the Soldier's student loans annually or $1,500, whichever is greater, after each year of service (up to $20,000, less taxes).Īny loan made, insured, or guaranteed under the Federal Family Education Loan Program, part B of title IV of the Higher Education Act of 1965 ( 20 U.S.C. Army Reserve.Ĭurrent full-time National Guard Service members on AGR or Mil-Tech status are not eligible to use the LRP option for re-enlistment. Must not be enlisting under the provisions of a conditional release from a select Reserve component other than the U.S. Must have scored a minimum of 31 on the Armed Forces Qualifying Test (AFQT) Must not be enlisting as a non-09S SLRP OCS or as a 09R SMP cadet (except for the 09S SLRP option) Must not have previously received a GFRD ROTC scholarship Must not have received any LRP in your military career ![]() Must be Duty Military Occupational Specialty qualified (MOSQ) for your position Must have less than 16 years of time-in-service upon enlistment/affiliation in the National Guard. Exceptions to this rule are Service members who previously served in Air Force or Navy special operations units The enlistment period is a six-year term of service at a pay grade of E-7 or below into a qualifying position in an MTOE or medical TDA unit onlyĪrmy or Marine Corps Basic Combat Training (BCT) must have been previously completed, or if the enlistee is prior-service Air Force, Navy, or Coast Guard, Army BCT must be completed within 365 days from the date of enlistment. ![]() Prior-service Soldiers enlisting in the National Guard are eligible for the LRP as a stand-alone incentive, provided the following requirements are met: Loans must be made, insured, or guaranteed prior to entry on active duty. The Soldier must not be enlisting as a 09R SMP Cadet or in the RFP/Active First Program (Local Army recruiters have the current list, which changes often depending on the current needs of the service.) Soldier must enlist in one of the critical MOSs that qualifies for the program in the pay grade of E-4 or below. Soldier must have a high school diploma and a score of 50 or higher on the Armed Forces Qualification Test (AFQT) Soldier must enlist for a minimum of six years ![]() Soldier must decline enrollment in the Montgomery GI Bill in writing, using DD Form 2366 Soldier must have Loan Repayment Program guaranteed in writing in the enlistment contract Initial-term non prior-service Army National Guard Soldiers on federal active duty are eligible for the Loan Repayment Program if they meet the following conditions: ![]()
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