Student Loan Repayment For Military

Student Loan Repayment For Military

Student loans are a major part of the financial future for many people. Unfortunately, they can also be a massive burden on your wallet if you don’t take care of them right away. If you have student loans and are in the military, you may be wondering how to pay off those debts while on active duty. Here are some options for getting help with repaying your student loans when you’re in the military:


If you’re a member of the military, you may be eligible for student loan repayment assistance. This can help you to pay off your debt faster and save money on interest. Whether you’re looking for a simple solution or want to explore your options, this guide will help you understand how these programs work.

What Is The Problem?

Student loan payments are difficult to manage on a military salary, especially if they require more than 10% of your take-home pay. If your monthly payment is high enough that it makes saving difficult or impossible, then it might be time to look into student loan repayment assistance programs offered by the government and private lenders alike

Repayment Options

  • If you’re a service member, you can apply for the military’s version of the LRAP.
  • The LRAP is a great option for anyone with student loans who is in the military.

Is There A Limit On Loan Repayment?

There are no limits on the amount of student loans you can pay off, and it will not affect your eligibility for military benefits.

The only time payment would be affected is if you have a court ordered repayment plan that paid back more than what was owed. In this case, it’s possible to receive an adjustment in your monthly payments so that they match up with the original amount owed.

Loan Forgiveness

If you are a military servicemember, there are also loan forgiveness options available. Here’s how it works:

  • You must be a member of the Armed Forces on active duty and that service is in direct support of a contingency operation.
  • You must make 120 consecutive months of qualifying payments under an Income-Based Repayment Plan (IBR).
  • You must make 10 years worth of monthly payments while working full time for eligible federal or state government organizations or public service corporations.

What If I’m Already In The Military?

If you’re already in the military and have student loans, know that you can still get help with repayment. You may be eligible for a variety of programs depending on your situation and the type of loans you took out.

For example, if you sign up for the REPAYE plan as an active-duty service member or veteran, your monthly payments will be limited to 10% of your discretionary income (that’s equal to or less than what’s left after deducting 150% of the poverty guideline for your family size from total income). The good news is that this repayment program does not require any principal or interest payments during active-duty service—only after you leave the armed forces.


In summary, here are the key points:

  • Loan forgiveness is available for service members who make regular payments on their student loans.
  • The Public Service Loan Forgiveness program offers up to $10,000 in loan forgiveness after 10 years of payments. However, there’s no guarantee that your loans will qualify for forgiveness.
  • You may be eligible for an income-driven repayment plan if your monthly payment is too high based on your income and family size. These repayment plans also extend the length of time it takes to repay your loans and can lower your monthly payment amount as well. To find out more about these options, speak with a student loan specialist at or apply today!

There are some good options in place for military service members to get help with student loan repayment.

There are some good options in place for military service members to get help with student loan repayment.

The Department of Defense offers two programs that are specifically geared towards active duty service members: The Military Student Loan Repayment Program (MSLRP) and the Department of Defense College Fund.

We hope that this article has given you a better understanding of how the military can help to pay off your student loans.

Add a Comment

Your email address will not be published. Required fields are marked *