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Student Loan Repayment
Navy College Office
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Are you stuck with student loan debt?  The military has special enlisting incentives that will forgive or pay down your student loans.

Army

The Loan Repayment Program (LRP) is a special incentive that the Army offers to highly qualified applicants entering the Army. Under the LRP, the Army will repay part of a Soldier’s qualifying student loans. This is only available to enlisted Soldiers.

The Army will repay 33 1/3 percent of the outstanding principle balance of the Soldier’s student loans annually or $1,500, whichever is greater, after year of service (up to $65,000). Loans must not be in default before entering active duty, and during the repayment process.

Source: My Army Benefits

Navy

The Navy College Loan Repayment Program also offers up to $65,000 in student loan repayment benefits.  It is eligible for new enlistees after they have completed their first year of service.  To receive this benefit it must be included in your contract before you join.

For the most current information it is best to contact a recruiter.