The military has a number of different programs that can assist Servicemembers that seek to gain funding for their education. Many people take out school loans before they enlist in the military, and then have the need to repay these educational school loans. This program is for repayment of part of the loans that have been taken out prior to enlistment in the military for those persons who have not served in the military before. Each of the services is free to offer this new program, but not required to, each of the five Armed Services of the United States can decide what level or how they wish to participate in the new loan repayment program.
Congress has imposed limits on what level loan repayment can be participated in. This program is for enlisted people only, it is not one open to commissioned officers of any of the services. The military offers a program to assist with educational loans that you may have taken while in college or university studies. The loan amount repayment by law is limited to $65,000 dollars. The two services that pay the maximum at this time are the Navy and the Army for those persons who have not served in the Military previously on active duty. You have to have a high school diploma, and for some Army repayment programs you have to have a overall ASVAB score of 50 or higher. The Navy will reimburse up to $10,000 dollars for Servicemembers who join the Navy Reserves. The Air Force will also repay funds for school loans up to $10,000 dollars for new enlisted members that join the Active duty Air Force Ranks. There are some qualifying factors for this CLRP program. Most cases you have to enlist for a minimum of four years active duty for the active duty programs. There is no program currently for the Coast Guard, Marine Corps, or Air Force reserves. There is a special program in the Air National Guard Reserves that does offer repayment in the CLRP program for up to $20,000 dollars but this is for certain jobs that are AFSC shortage billet jobs. If joining the reserves you need to agree to serve a minimum of six years in the reserve forces. If you participate in the loan repayment program as an Active duty Servicemember you have to give up Montgomery GI Bill eligibility.
The Army will help out with up to $20,000 dollars for loan repayment for those people who enter the Army or National Guard Reserves.