If you are enrolled in this program, you earn 33 1/3 percent or $1,500 (whichever is greater) toward the remaining original unpaid principal on all qualifying loans for each successfully completed year of enlisted active duty.
Repayment of Student Loans was started by the Army as an enlistment enticement.
- Entered active duty from 1 Dec 80 through 30 Sep 81 or after 30 Sep 82. (LRP was a test program in FY81 and became permanent 30 Sep 82.)
- Be a non-prior service accession.
- Enlist with a high school diploma.
- Have an Armed Forces Qualification Test score of 50 or higher.
- Enlist in a critical military occupational specialty (MOS). These MOS's change quarterly. Your local recruiter will have the current list.
- Possess a loan that was made, insured or guaranteed under part B, D or E of the Higher Education Act of 1965 after 1 Oct 75 and prior to entering active duty.
Note: It is Army policy that no one be enlisted with a defaulted loan. Therefore, defaulted loans will not be repaid.
- Parent Loans for Undergraduate Students (PLUS)
- Supplemental Loans for Students (SLS)
- Stafford Loans
- Perkins Loans
- William D. Ford Loans
- Consolidated Loans (loans must be in soldier's name)
There are many loans that do not qualify. Individuals should ensure that loans are covered under Title IV, part B, D and E prior to signing the enlistment agreement. Listed below are several kinds of loans that are not covered under the law cited above:
- Private loans
- Equity loans
- State funded loans
- Institution loans
- Consolidated loans in someone else's name
Contact an Army Recruiter to learn more about the Army Loan Repayment Program.