Loan Repayment Under the National Call to Service
One program of the
How it Works
Individuals must serve on active duty under a service designated by the Secretary of Defense for 15 months. The 15 months of active service does not count any initial-entry training or school required by the service. Each service has their own enlistment criteria so it is important to check with the specific military branch that you are interested in for their full requirements under the National Call to Service program.
The Navy, for example, requires that their members to complete
You must then serve, again without a break in time, the remainder of the obligated service period specified in the agreement either as a Selected Reserve, Individual Ready Reserve, active duty member or participate in the AmeriCorps or other national domestic service program.
For the Navy, this means that the last step for individuals is to remain in the Selected Reserve or transfer to the Individual Ready Reserve for eight years' national commitment. Time spent in AmeriCorps or another national domestic service program will count toward the eight years' commitment.
Again, each service, such as the Air Force, Marines and Navy, has their own enlistment requirements so you need to check with each one to verify the actual time you will need to serve. Each service has a limit on the number of participants under their National Call to Service agreement. Participants must usually pass more stringent requirements than those joining under traditional service.
Upon completion, you can either get a cash bonus of $500, repayment of a qualifying student loan up to a maximum of $18,000 or entitlement to 12 months of full or 36 months of half the education allowance provided for under the GI Bill.
Sources:
National Call to Service Program. (2010) U.S. Department of Veterans Affairs.
National Call to Service Program Announced. (2003) United States Navy.