State and private loans are not eligible for repayment under the SLRP. This information will help you understand the basic benefits and requirements of the SLRP. If you need more details or have questions about how to enroll, contact your recruiter, state point of contact, officer strength manager or education services officer ESO. Enlist for a critical skills CS vacancy in the grade of E-4 or below. Enlist into a qualifying position in most units check with your recruiter for more details.
|Published (Last):||10 September 2013|
|PDF File Size:||6.68 Mb|
|ePub File Size:||3.88 Mb|
|Price:||Free* [*Free Regsitration Required]|
It can be difficult to take advantage of the program, however, because of the extensive paperwork and the eligibility requirements. But you can get the funds to pay off federal student loans if you follow the correct procedures. Determine if you are eligible for the program.
To check if you have it, review your enlistment or re-enlistment contract. If you have it, there will be an attached addendum stating that it was included. See if your loans are eligible.
The SLRP can only be used to repay student loans from the federal government, not third-party loans. Remember that receiving a government loan through a third party like a bank is different than receiving a separate loan like a collegiate loan directly from the bank. Fortunately, these are usually the first loans offered to you as a student, and are likely the loans you have. Check the date of the loan disbursement and the date of your military contract. You must be serving in good standing to receive SLRP.
You must also meet two further criteria: You must have been serving for one year and your loan must be at least one year old. You must submit for SLRP each year of your service. Go online to access Army paperwork to apply for the funding. Navigate to the "My student loan repayment" portion. This form has three portions, the first of which is filled out by your unit administrator confirming that you are a service member in good standing.
The second is filled out by you, containing your personal information. Fill in your loan information in the third section of the form. Here it is helpful to have the master promissory notes for each of your loans. Record your account number and be sure to mark which loan this is from your total number of loans.
For example, this is the second of 11 loans. Finally, fill out the address of the holder of the loan and mail both the form and a copy of the master promissory note. Tips Be patient, this process can take time. The loan holder will calculate the money you should have been paid and disburse it in a lump sum.
How to Use the Student Loan Repayment Program (SLRP)
U.S. DoD Form DD2475