This website is not affiliated with the U.S. government or military.

Am I Obligated to Pay Into the MGIB to Receive Payments from the SLRP?


Q: When I enlisted I signed up for the Army SLRP, and as per regulation, opted out of the MGIB. My question is am I still obligated to pay into the MGIB for the first 12 months of service to receive payments from the SLRP?

A: No, they are two entirely separate programs. It does not cost you anything monetarily when you opt for the Student Loan Repayment Program (SLRP). What it costs you to use that program is three years of military service. Over those course of those three years, each year the Army will pay 1/3 of each qualifying loan you had at the time of enlistment or up to a certain amount on each loan, whichever is greater. I think that is $1,500 per loan at the time of this writing. Yes it is – I just checked.
Just so we are clear, not all loan will qulaify for the loan repayment program. Right now, only these loans qualify for SLRP:
• Parent Loans for Undergraduate Students (PLUS)
• Supplemental Loans for Students (SLS)
• Stafford Loans
• Perkins Loans
• William D. Ford Loans
• Consolidated Loans (loans must be in soldier’s name)

And don’t forget that annually, on the anniversary of your enlistment, you have to send in a DD Form 2475 on each qualifying loan if you want the Army to make payments on them. If you don’t send in the form(s) each year, the Army is not required to make the payments. Sending in the form(s) is a step many on the SLRP miss and then they wonder why the Army is not paying down their loans.


Privacy Policy | About Us | FAQ | Terms of Service | Disclaimers | Do Not Sell My Personal Information (CA and NV residents)

Copyright © 2023 EducationDynamics. All Rights Reserved.

This is a private website that is not affiliated with the U.S. government, U.S. Armed Forces or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site is not connected with any government agency. If you would like to find more information about benefits offered by the U.S. Department of Veteran Affairs, please visit the official U.S. government web site for veterans’ benefits at http://www.va.gov.

The sponsored schools featured on this site do not include all schools that accept GI Bill® funding or VA Benefits. To contact ArmyStudyGuide, email us.

Disclosure: EducationDynamics receives compensation for the featured schools on our websites (see “Sponsored Schools” or “Sponsored Listings” or “Sponsored Results”). So what does this mean for you? Compensation may impact where the Sponsored Schools appear on our websites, including whether they appear as a match through our education matching services tool, the order in which they appear in a listing, and/or their ranking. Our websites do not provide, nor are they intended to provide, a comprehensive list of all schools (a) in the United States (b) located in a specific geographic area or (c) that offer a particular program of study. By providing information or agreeing to be contacted by a Sponsored School, you are in no way obligated to apply to or enroll with the school.

This is an offer for educational opportunities that may lead to employment and not an offer for nor a guarantee of employment. Students should consult with a representative from the school they select to learn more about career opportunities in that field. Program outcomes vary according to each institution’s specific program curriculum. Financial aid may be available to those who qualify. The financial aid information on this site is for informational and research purposes only and is not an assurance of financial aid.

VFW $30,000 Scholarship!
Write an essay on the annual patriotic theme. This year’s theme is, “Why Is The Veteran Important?”

X