Off Reserve
Off Reserve
Can I join the navy reserve and at a later date the Navy and recieve their college loan pay off?
I am interested in joining the navy reserve while I finish my Masters degree. However my recruiter told me if I decided to join the Navy at a later date I would not qualify for (up to 70,000) federal loan payoff that the navy would do for someone who joins the navy with a Bachelors for the first time. Is this true?
Ok, I think I understand this. The LRP (Loan repayment program) is not effective on the NAT (New Acessions Training, the reserve). You would, how ever get $13,000 for the Montgomery GI Bill in the reserve, but the LRP is only for people who meet the following criteria:
1. Join active duty
2. have a qualifiying asvab
3. have federally insured loans
4. would be willing to give up the GI bill.
BUT, if you were to join with a bachelors, all things being the same, the navy would be able to pay you back on those loans.
THE DATE OF ENLISTMENT HAS NOTHING TO DO WITH THE LRP.
However, all this being said, all situations and commands are different. what may be true at one navy recruiting command may be slightly modified at annother.
In summary, the question is flawed in nature and is, in part a trick question. I hope you find better resolution.
ArmNews – Reserve units to receive new off-the-shelf vehicle
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Tags: cia_readings, economics, economy, eligible off reserve purchases, federal, inflation, off reserve, off reserve aboriginal housing, off reserve aboriginal housing trust, off reserve first nations, off reserve home ownership program, off reserve housing, off reserve housing grants, ping.fm, reserve
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