Does military service cover college loans?

Hey guys, currently a high school junior. If I happened to get a loan for my education, is there any way that military service could help repay that loan? Are there any specific programs within the military that help with college loans?

Yes, serving in the military could potentially assist with repaying college loans. Specifically, the United States military provides a number of service-based programs designed to assist with student debt repayment. Here are a couple you might want to consider:

1. College Loan Repayment Program (CLRP): The CLRP is a program for enlisted members of the Armed Forces. Depending on the branch of military and the specifics of one's service contract, CLRP can help pay a significant amount (up to $65,000) of federally insured student loans. It's important to note that not all branches offer CLRP, and availability can depend on factors such as specific job assignments within the military or critical need areas.

2. Post-9/11 GI Bill: While this doesn't cover prerequisite loans, it can quite significantly aid in paying for education after service, which could reduce the need for future loans. This benefit covers all in-state tuition and fees at public colleges and universities, or a similar amount for private or foreign schools. It also provides a monthly housing allowance and stipend for books and supplies.

3. Public Service Loan Forgiveness (PSLF): This is not specific to the military, but it applies to all individuals working in public service. After making 120 qualifying payments on your federal student loans while working full-time for a qualifying employer (which includes the military), the remainder of your loan balance will be forgiven.

Bear in mind, the specifics of these programs can change, and availability can depend on factors such as enlistment contracts, time-in-service, and whether you are active duty or reserves. It's important to discuss these options with a military recruiter who can provide up-to-date information.