Did you know that the government provides many options for paying off your student loans in addition to student loan consolidation? Here's one option you may have never considered.
Are you worried about paying off student loans? With the cost of a college education on the rise, many students and recent college graduates are finding themselves overwhelmed by debt. The Navy can help you manage your college debt with special loan repayment programs for qualified students.
For college students and graduates who qualify for the Loan Repayment Program (LRP), the Navy will pay for up to $65,000 of qualified loans acquired from a post-secondary education. To be eligible for this enlisted program the loan cannot be in default and it must be the applicant’s first enlistment. The LRP is available to all active duty Navy enlisted positions!
In addition, the Navy can be a great first job for college graduates. You can get real-world experience in almost any field, and your pay goes further since many of your living expenses are covered. Your college degree may also make you eligible for Officer Candidate School. As an officer, you earn a level of responsibility usually much greater than that found in the civilian world — which is a great way to accelerate your career.
Talk to your recruiter to see if your situation qualifies for the loan repayment program. Your recruiter can also help you explore other opportunities the Navy has to offer.
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