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

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.

61 responses on “What is Student Loan Repayment Program?

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.

Leave a Reply

Your email address will not be published.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

Important Information: The schools appearing on this webpage are clients of ours and are schools from which QuinStreet receives compensation ("Sponsored Schools"). Compensation may impact where the Sponsored Schools appear on this website (including the order in which they appear). Our websites do not, and are not intended to, provide a comprehensive list of all schools in the United States or of all schools located in a specific geographic area or of all schools that offer a particular program of study. We strive to provide information on this website that is accurate, complete and timely, but we make no guarantees about the information, the selection of schools, school accreditation status, the availability of or eligibility for financial aid, employment opportunities or education or salary outcomes. Visit here for important information on these topics.

Gainful Employment Disclosure: For more information about program cost, educational debt, and completion rates of students who attended these programs, visit here.