Does the military offer College Loans?

Hi there, I've been giving thought to military service after high school. I've heard something about military college loans. Can someone help me understand what these are and whether it's a viable option for financing my studies?

Yes, the military does provide ways to help service members financially with higher education. One prevalent assistance program is the Post-9/11 GI Bill. If you serve at least 90 days on active duty after September 10, 2001, you may be eligible for these benefits, which can cover tuition and fees, monthly housing allowances, and stipends for books and supplies for up to 36 months.

In addition to this, the military offers various loan repayment programs (LRPs). For instance, the Army’s College Loan Repayment Program offers to repay a portion of eligible student loans for Non-Prior Service (NPS) and Prior Service (PS) applicants. Similarly, the Navy's LRP offers up to a certain amount in loan repayment for service in select jobs on active duty.

The Air Force has a similar LRP, called the Air Force Judge Advocate General's (JAG) Corps Student Loan Repayment Program. This is an incentive for eligible JAG officers who have outstanding eligible student loans.

The National Guard also offers an LRP which is also geared towards repaying federally backed student loans.

These programs may have stringent requirements, however, which could involve taking on jobs in certain fields or enlisting for a certain time period. Be aware of your commitment and what is required in exchange for this assistance.

For more direct, personalized assistance, consider getting in touch with a recruiter from the branch of the military you're interested in joining. They should be able to break down the details of the programs for you and guide you in what would be most beneficial for your specific circumstances.