Who It’s For: Newly-enlisting members of the U.S. Army, Navy, National Guard, or Air Force.
How to Apply: You will usually need to speak directly with your recruiter to begin this process. Guidelines may differ slightly depending on whether you are joining the Army, Navy, National Guard, or Air Force (no detailed website data available).
What Loans Qualify: Federal loans, such as Direct Loans, Stafford loans, and Perkins loans, should qualify. There may be others that qualify depending on the specific branch of the military and kind of service you are completing.
How Much?: This varies greatly between branches and depending on whether you are serving active duty or in the reserves. Again, you should speak with you recruiter to find out more.
Anything Else I Should Know?: These loan repayment programs are usually mutually exclusive with the benefits that come with the GI Bill. In particular, time spent utilizing these programs will not count toward the active duty time used to qualify for benefits under the Post-9/11 GI Bill. When you speak with your recruiter about this option, make sure you also talk about GI benefits and figure out which one is more important to you.