Through the Army Reserves College Loan Repayment Program, you have the opportunity to have up to $65,000 awarded towards your student loan repayments. This is a highly touted program and may allow you to qualify in up to $65,000 towards your student loan debt. These payments span over a three year period and will start being paid after you complete your first year as a JAG Officer. Within this program, every year there is an opportunity for several JAGs to be offered the opportunity to go back to law school as full-time graduate students. The cool thing about this program is that while they are in school, they receive full pay as if they were back on base and the Air Force pays any and all tuition costs.
In order to be eligible for this program, you will need to become a JAG officer and complete your first year of service in order to qualify for this program.
How much should be expected through his award?
Upon completing your first year as a JAG officer, you will begin the repayment process of $65,000 over three years toward your student debt. If you stay with the Air Force JAG Corps after you completed your initial four-year obligation, you may qualify for up to $60,000 in cash bonuses. This money can be used as desired for personal use.
In order to qualify for this continuation program, you will need to sign up for another two-year term. Upon signing up for this additional two-year term, you will receive $20,000. Then to get the remaining $40,000, you would need to sign up for an additional two years (at the six-year point) to get the remaining payment.
For a full list of benefits check out this informative PDF.
What Loans Qualify?
Eligible loans include educational loans taken out for:
- Law School
- Undergraduate School
- Graduate Programs
How to apply?
If you are interested in applying for this program, you can simply go to the following link. For a full list of additional details and information regarding this program, you can check out this PDF here.