Under the Student Loan Repayment Program, when you enlist the Army will pay back up to $65,000 in qualified education loans (up to $20,000 for reservists), the Navy up to $65,000 and the Air Force up to $10,000. Each year 15% of the loan balance or $500, whichever is greater, will be repaid by SLRP. There may also be annual and cumulative caps on the amount repaid. Participants must score 50 or higher on the Armed Forces Qualifications Test (AFQT). SLRP must be requested at the time of enlistment or reenlistment. Qualified education loans include federal education loans such as the Perkins, Stafford, PLUS, or Consolidation loans, but not private alternative loans. Defaulted loans are not eligible. Payments made under the SLRP are considered taxable income.
After the final ability estimate is computed, it is converted to a standard score on the ASVAB score scale that has been statistically linked to the ability estimate through a process called equating. Equating studies are conducted for every paper and pencil ASVAB form to ensure that scores have the same meaning regardless of which test form the examinee receives.