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What is Student Loan Repayment Program?

Author Ron Kness is no longer in the service.

Q: What is Student Loan Repayment Program?

A: The Student Loan Repayment Program (SLRP) is an enlistment incentive option (and sometimes offered at re-enlistment) where the Army will repay up to $65,000 of your student loans in return for a three-year enlistment. It is repaid at the rate of 33.3% of your original loan(s) or $1,500, whichever is greater, per year of service. Be aware you can not get SLRP and the Montgomery GI Bill or Post 9/11 GI Bill for the same period of service. If you sign up for SLRP, then you will not start your GI Bill period of eligibility until those three years have elapsed. So, for a six-year enlistment, you could get both SLRP and the GI Bill.

SLRP only repays eligible federally-insured loans such as:

  • Parent Loans for Undergraduate Students (PLUS);
  • Supplemental Loans for Students (SLS);
  • Stafford Loans;
  • Perkins Loans;
  • William D. Ford Loans;
  • Consolidated Education Loans.

If you have these loans, they do not qualify for SLRP:

  • Private Loans;
  • Equity Loans;
  • State Funded Loans;
  • Institution Loans;
  • Consolidated Loans for someone else, such as a brother or sister.

The Army Reserves and National Guard also have their own SLRP. The Reserves repays up to $40,000 in student loans, payable at the rate of 15% of the original loan or $1,500 (whichever is greater) per year of service, in return for a six-year enlistment. The National Guard’s program repays up to $20,000 in student loans, at the rate of 15% of your original loan or $500 per year, whichever is greater, not to exceed $3,000 per year, in return for a six-year obligation.

Comments  (61)

Your SLRP option would have been in your National Guard contract. Once you went active duty, that contract was null and void. So yes you should be eligible for the Post 9/11 GI Bill. Even if your Reserve contract was not null and void, your SLRP obligation is only for three years, so after that point you would start getting Post 9/11 GI Bill eligibility anyway.

posted by Ron Kness
7:18 pm on July 8, 2012

I’m having a problem with my loans payments because the Education Service Officer don’t have any copy of the SLRP form and without that he can’t make any payments on my loans. I can’t find any copy of it because when I signed my reenlistment contract and my SLRP form the recruiter didn’t gave me a copy of it. I looked at iPERMS and the SLRP form is not in there either. I just want to know is there is another way in which I could contact someone else or in where I could look to find a copy of my SLRP form. Thanks.

posted by Jose Toledo
9:50 pm on March 19, 2013

It should have been in your DD4 enlistment packet. If not and it is not in iPERMS, you may not actually have SLRP. It would not be the first time a Recruiter duped someone.

posted by Ron Kness
9:04 am on May 1, 2013

My son’s enlistment date is 09-10-13 the DA Form 3286 indicates he enrolled in MGIB. There is no addendum for the SLRP. Is there anyway to change it?

posted by Anne
11:38 pm on June 13, 2013

Most likely not. Either he never qualified for SLRP or the Recruiter forgot to put the form in his packet. Most likely it was the first one.

posted by Ron Kness
9:05 pm on June 16, 2013

I’m in my last few months of my 6 year service. I’ve had 5 payments, as expected. However, the original loan amount was 16,000 so I signed up for 6 years to get that paid off. Well, with one more payment left, I have $4,411 left. This loan has never been defaulted or anything but I was in graduated school so it was deferred. Interest has been paid by me. Will the guard pay off that sum or do I have to get a lawyer because it was in my contract that the $16,000 was going to be paid off by my last service date?

posted by Pamela
10:23 am on June 20, 2013

If you have not passed your last SLRP anniversary date yet, I would not get too excited. If you are past that date, and they have not paid, then you might want to talk to a lawyer that specializes in military cases.

posted by Ron Kness
11:58 am on July 5, 2013

if you sign a new contract will your TA and SLRP from the previous one be voided?

posted by johns
12:45 pm on October 18, 2013

TA is not a contract option. SLRP is only good for three years, so if you have served for at least three years on your current contract, your SLRP is paid in full anyway.

posted by Ron Kness
9:28 pm on October 29, 2013
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