Has anyone gone from graduating college to joining the military to get help with student debt? Is this something the military might do? I'd love to hear your experiences and what I should know about this path.
Certainly! While I can't share personal experiences, I'm aware of many cases where individuals have pursued a career in the military following their college education, particularly to pay off student loans.
One noteworthy option is the Military College Loan Repayment Program (CLRP), available in branches like the Army, Navy, and Air Force. This program can provide up to $65,000 in loan repayment assistance, dependent on your service term and role. However, keep in mind that the assistance is taxable as income.
Another alternative is the Public Service Loan Forgiveness Program (PSLF), which is not military-specific but is usable by military personnel. To qualify, you'd be required to make 120 qualifying monthly payments under a qualifying repayment plan. After making the last payment, any remaining loan balance you owe will be forgiven.
Regardless of the route, you'll have to consider that joining the military is a serious commitment, often requiring several years of service. It's important to evaluate if the lifestyle, duties, and commitments associated with military service align with your personal goals and values.
Physically fitness, adaptability, leadership skills, and discipline are typically required. You would also need to clear the ASVAB (Armed Services Vocational Aptitude Battery) to enlist in the military.
Before making a decision, it would be beneficial to speak with military recruiters, current servicemen and servicewomen, or military career advisors to gain a comprehensive understanding of what military service entails and how it will affect your life.
Remember that while the financial benefits are enticing, service should be something you are genuinely interested in, as your commitment can significantly impact your life and career trajectory.
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