Military Paying Off College Debt?

Hello everyone! I've got a significant amount of college debt, that's just weighing me down. I heard that if I go into the military, they can help pay off this debt. Is this true or just another rumor?

Yes, it's true that the military can help with paying off college debt, though the specifics depend on your branch of service and your role. Here's a quick beginner's guide to some of the programs that might be available to you:

1. Army Student Loan Repayment: The Army offers up to $65,000 in student loan repayment for enlistees in certain jobs. To qualify, you must score at least a 50 on the Armed Forces Qualification Test (AFQT).

2. Navy Student Loan Repayment: The Navy offers up to $65,000 to pay off student loans for sailors in eligible roles.

3. National Guard Student Loan Repayment: This program offers up to $50,000 in repayment assistance. However, not all roles within the National Guard qualify for this benefit.

4. Health Professionals Loan Repayment Programs: If you're pursuing a career in health care, each branch offers repayment programs for health professionals, sometimes of up to $120,000.Something to keep in mind is that each of these programs often requires a certain term of service and may not be available for all roles within each branch. Additionally, the money provided for loan repayment is typically distributed over the term of your service, rather than all at once. Thus, it's crucial to thoroughly research and understand the requirements and the fine-print of these programs.

Also, consider the Montgomery GI Bill and the Post-9/11 GI Bill, both offer educational benefits, including tuition and housing allowance. However, they are more designed for pursuing education while serving or after serving rather than paying off existing loans.

Remember to weigh the benefits alongside the commitments and potentially challenging aspects of military service, and perhaps consider speaking to a recruiter or a financial advisor to understand your options better.