Student Loan Repayment Program
Beginning as an enlistment incentive in the 1980’s, the Military Student Loan Repayment Program offers students with outstanding Federal education loans the opportunity to have a portion of their loan repaid by the U.S. Military in exchange for a predetermined term of service in the Army, Navy, Air Force or Marine Corps. To take advantage of the SLRP, students must enlist for a full term of service in on of the participating branches of the military, and must have received a score of 50 or higher on the Armed Forces Qualifications Test.
The amount of money available to enlistees will depend on the particular branch of the military concerned, however the Army and Navy will pay back up to $65,000 in loans for qualified applicants. Interested students should consult with a military recruiter to learn the full details of each program, and enlistees must sign up for any SLRP program at the time of enlistment.
Army Tuition Assistance Benefits How To Pay For Your College Education
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The Army recently updated their Tuition Assistance program with a focus on ensuring their Soldiers are more focused on military readiness and training as opposed to spending more time on college classes.
Soldiers will still have the opportunity to use Tuition Assistance to achieve their educational goals, however, Soldiers must first meet more stringent criteria to be eligible to participate in the TA program. The most recent updates to the Army Tuition Assistance benefits program are effective through September 30, 2021.
While not everyone will be happy with these changes, the Army was compelled to make these changes to meet readiness goals and to help stretch the ever-shrinking budget.
Lets dive in and take a look at what the Army TA program offers, who is eligible, which educational programs are covered, and how to take advantage of this valuable benefit.
Strategies To Pay For College Today
This content is provided courtesy of USAA.
College costs are rising. The economy is down. But finding a way to pay for that degree is still worth it. Find out how you can foot the bill.
With high tuition and the tough job market, you may wonder if getting a college degree is still worth the cost. It is, according to recent research.
A U.S. Census Bureau study released in September 2011 shows your education level affects your paycheck: If you work full time and year-round, a bachelor’s degree can help you earn between $681,000 and $1.2 million more than a high school diploma.
To help streamline your college banking and find the cash to pay for an education in today’s economy, here are five methods and their pros and cons.
|How Much Should You Borrow?|
Experts recommend that student loan payments stay at or below 10% of the expected monthly gross income for new graduates in your field. For example, if an education major can expect to land a teaching job paying $30,000 a year, with a monthly gross income of $2,500, his or her maximum student loan payments should be around $250 a month.
So when you’re taking out student loans as an undergraduate, think about the terms of repayment after college and whether your likely monthly income will cover the cost, as well as your living expenses. And once you’ve graduated, budget so you make those loan payments by their due dates each month. A sure way to hurt your credit rating is to not pay bills on time.
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Logical Fallacies To Avoid When Constructing An Argument
What are logical fallacies? Learn about 20 common logical fallacies that are often used to construct an argument. Understanding these faulty arguments can help prepare you to make a better, more logically sound one. What Are Logical Fallacies? A logical fallacy is an error in the reasoning behind an argument. Arriving at a point through
Should I Enlist In The Military To Pay For College
Enlisting in the military is a life-defining decision that only you can decide for yourself. Youll need to go through strenuous training as a recruit before you become a soldier, sailor, airman, or Marine. After that, you may find yourself enlisted in new locations that are far from home.
Although the military does pay for college, thats certainly not reason enough to join. You can also consider other affordable options for your education. From finding grants and scholarships to minimizing your college expenses, there are plenty of alternative ways to pay for college.
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Is There A Difference Between A Military Academy And A Military College
Yes, there is. The US military operates many types of schools to train members of the US military, foreign militaries, and civilians in certain fields. Only the five academies listed above are considered to be service academies.
Graduates receive a Bachelor of Science, are commissioned as officers in their branch, and are required to serve for a minimum of five years after graduation.
The Yellow Ribbon Program
If youre planning on going to a private university, a college out-of-state, or graduate school, then the Yellow Ribbon Program is for you. It covers tuition fees in institutions that the Post 9/11 GI Bill does not cover.
Certain schools have entered into an agreement with the Department of Veterans Affairs, and part of the agreement is to allow vets to attend more expensive private schools at a lower cost. The amount that they waive depends on two factors: first, the students status , and second, the type of school .
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Iraq & Afghanistan Service Grant
Children and surviving spouses of a servicemember who died as a result of military service in Iraq or Afghanistan may be eligible for an Iraq and Afghanistan Service Grant. The grant is similar to a Pell Grant, but is not limited by family income like a Pell Grant is.
Students must meet some eligibility requirements including meeting the remaining Federal Pell Grant eligibility requirements except family income and must have been under 24 years old or enrolled in college at least part-time at the time of their parent’s or guardian’s death.
The grant award is equal to the amount of a maximum Federal Pell Grant for the award year, but cannot exceed the cost of attendance for that award year. For the 201819 award year , the maximum Federal Pell Grant award is $6,095.
A student must submit a Free Application for Federal Student Aid form to begin the application process. To maintain eligibility for federal student aid including this grant, students must fill out the FAFSA form each subsequent year in school.
Make sure you also pay attention to the FAFSA Deadline.
Veterans Total And Permanent Disability Discharge
The Veterans Total and Permanent Disability Discharge is available to release veterans of their loans. You need to have a service-related disability thats documented by the Department of Veterans Affairs in order to qualify and be deemed permanently disabled. Most loans are eligible for forgiveness through this program.
How to Apply for Veterans Total and Permanent Disability Discharge:
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Military Branch College Funds
Each branch of the military offers its own financial aid or tuition assistance programs. These are commonly referred to as “kickers”, and are used as an incentive to recruitment. This assistance is highly competitive and contingent upon an enlistment of at least six years in the military. Applicants must also score in the top 50% of enlistees taking the ASVAB, or Armed Services Vocational Aptitude Battery.
If you meet the qualifications, the benefits can be substantial. After the Montgomery G.I. Bill or the Post 9/11 GI Bill, these college funds can increase your aid to as much as $70,000 in the Army and $50,000 in the Navy. These “kickers” are an addition to the G.I. Bill, and not a separate benefit. Further restrictions and requirements apply, but if you are prepared for the six-year commitment, this may very well be an excellent opportunity to find those much needed college funds.
Q What Is Your Recommendation For Funding A Degree While Actively Serving
Fortunately, every active-duty service member is entitled to tuition assistance. Depending on how expensive the college or university is, it is possible that the military will pay for up to two classes per semester. Going to school is not only a benefit in the military, but is also looked at as a privilege. Service members need to meet specific requirements to take classes. To name a few examples, we have to complete our upgrade training, know that the mission comes first, and maintain a certain GPA. I couldn’t agree more with the requirements. The military really gives everyone a fair and equal way to further their education.
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Q What Is The Most Challenging Part About Attending College While Serving In The Military
The most challenging parts would have to be the unstructured nature of college and really prioritizing time for school. The military is extremely structured, as many people already know. As a service member, I know what my duties and responsibilities are. If I am given orders to accomplish a task, there is a deadline, and if it’s not completed in time, it may impact the mission.
On the other hand, in college, the success is all up to the student. The professors will provide the material and help if asked, but if I decide not to do the work, it’s only my future that I am affecting. This leads to prioritizing time. For example, I work 0730-1630 Monday through Friday. Under special circumstances, I may have to work earlier, later, or even on the weekends. However, this does not include time for daily errands, the gym, or any extra volunteer work that the Air Force may require.
To avoid overwhelming myself, I have to create a schedule. My work schedule, any special duties, gym time, and designated time for studying all go in my planner.
Federal Student Aid For Service Members And Veterans
Student veterans and military service members can also use federal financial aid to finance their education. All students should fill out the FAFSA each year. Also, explore scholarships and grants especially programs specifically serving military students and military dependents.
Student Loan Repayment Program: Federal agencies may offer veteran student loan relief to recruit or retain employees. Loan recipients must meet specific requirements, and payments may not exceed $10,000 a year. The student must repay any additional loans or loan balances. Learn more about student loans, repayment options, and public service programs for veteran student loan forgiveness.
The Servicemembers Civil Relief Act: The SCRA caps interest rates on loans for military service members called to active duty. The act also protects active-duty military members from default legal judgments and foreclosure or repossession. Additionally, it gives them the ability to break a lease without penalty.
Federal Supplemental Educational Opportunity Grants: Undergraduate students with exceptional financial need qualify for $100-$4,000 a year toward their education. The FSEOG program provides support beyond the Federal Pell Grant Program. Schools receive a limited amount of funding for this program, so students should apply for financial aid early.
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Job Training During Military Service
An enlisted service member spends much of their first year training for their military occupational specialty their military job. Many of these positions are similar to civilian jobs.
A wide range of trades and services from electricians to nurses to musicians is needed by the military. Many earn civilian job certifications as part of their regular military training. Air Force combat controllers, for example, get FAA certifications, just like civilian air traffic controllers.
National Health Service Corps
Between college and medical school, the average new doctor graduates with a crushing loan of student loan debt. That debt often changes how young doctors think of their careers
“A lot of my classmates originally wanted to open their own practices,” says Rashid M. Rashid, a dermatologist in Houston, Texas. “After school that all changed. They said, ‘I have to make my money immediately because I’ve got so much loan debt.'”
For people who want to practice medicine without the need to make lots of money upfront, the National Health Service Corps offers to repay loans for people who agree to work in underserved, often low-income areas. The corps’ Loan Repayment Program offers up to $60,000 in tax-free loan repayment in exchange for two years of full-time service, or four years of part-time.
After two years, corps members can apply to re-up and earn even more money.
“With continued service, providers may be able to pay off all their student loans,” says Michelle Daniels, a spokeswoman for the Health Resources and Services Administration, which runs the program.
There are currently over 10,000 corps members across a broad range of professions, including primary care physicians, dentists, social workers and family therapists. Another 524 current students are receiving scholarships from the corps in return they will be expected to work in underserved communities upon graduation.
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The Air Force Aid Society Education Grant Program
The General Henry H. Arnold Education Grant program is the centerpiece of the Air Force Aid Societys education support program. It awards competitive, need-based education grants to eligible Air Force dependents.
The application process serves as the platform to access other important AFAS scholarships. Since launching in 1988, nearly $167 million in Arnold Education Grants have been awarded to 109,499 hopeful scholars.
Which Military Branch Has The Best Education Benefits
Depending on what careers you are interested in, the Air Force or Navy are probably going to offer the best current civilian opportunities. As for college education benefits, looked pay, those wont differ between branches. However, the AF and Navy can offer you actual civilian careers that pay well.
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Q What Are Some Tips For Student Success While Trying To Balance Serving With Getting An Education
Make a schedule for yourself. If you don’t have a planner or a calendar, get one. They are so inexpensive, and they will help you keep your head on straight. Second to that, another important tip would be to have a clear understanding of why you’re doing what you’re doing. I find it helpful to write down what motivates me and what pushes me to do better. Make a list of short-term and long-term goals, and try to chip away at them every day.
How To Apply For Government Jobs That Pay For College
Applying for government jobs that pay for college is just like applying for a regular government job. However, in your case you have to carefully go through the job announcement to look for who the job is open to and this is usually available on the government website in the this job is open to section. If it is open to students and you are still one, then go ahead and apply.
And if it says it is open to graduates and you are one, go on and complete the job application. There may be other groups listed as well, only apply to the group or category you fall into.
Students will be required to submit their academic transcripts to be considered for the job position while graduates will be required to submit their CV or resume.
Note that further requirements or documents may be needed, whatever it may be, it is something you can provide.
Honestly, there arent any employers willing to pay off your student debt loans and that is one of the importance of working with the government in this tuition-fee case. While working you will receive benefits and can be retained to work full-time after you graduate.
Without further ado, lets get started on the 10 government jobs that you can do to help pay for school or settle your student loan debts.
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What Does Tuition Assistance Cover
As the name implies, the Tuition Assistance programs are designed to ease the tuition burden on eligible students. Tuition assistance can only be used on tuition payments and, in some cases, related course fees . In fact, you will not even have the option of using your tuition assistance on anything else: your school will bill directly your military office.
Each military branch has its own guidelines for which course fees are eligible to be covered by tuition assistance, so check with your military office prior to registering for courses to avoid any unexpected surprises.
Sexual Harassment Reporting Guide
Sexual harassment is a serious matter, with ramifications that affect every college campus. Some 62 percent of female students and 61 percent of male students experienced some form of sexual harassment, according to the AAUW Educational Foundation. Sexual harassment is sometimes dismissed as simple flirtatious behavior thats misunderstood, but its far from harmless. Its dangerous,
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How Do I Qualify For Tuition Assistance
Before you reap the benefits of tuition assistance, its important to find out if you qualify. Current and reserve Army, Navy, Coast Guard, Marines, Air Force, and National Guard personnel are all eligible for tuition assistance. However, Marines only qualify if they are currently on active duty. In addition, Reserve members and National Guard members may also receive tuition assistance based on their service eligibility.
Its important to note that any person using tuition assistance must remain part of the reserves or on active duty through the duration of their coursework. Failure to do so could mean the forfeiture of all or part of the tuition assistance or a denial of benefits.