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.
The U.S. Armed Forces are one of the largest militaries in terms of the number of personnel. It draws its personnel from a large pool of paid volunteers. Although conscription has been used in the past in various times of both war and peace, it has not been used since 1972, but the Selective Service System retains the power to conscript males, and requires that all male citizens and residents residing in the U.S. between the ages of 18–25 register with the service.
Your success on ASVAB test day depends not only on how many hours you put into preparing, but also on whether you prepared the right way. It’s good to check along the way to see whether your studying is paying off. One of the most effective ways to do this is by taking ASVAB practice tests to evaluate your progress. Practice tests are useful because they show exactly where you need to improve. Every time you take a ASVAB practice test, pay special attention to these three groups of questions:
Your ASVAB scores determine what jobs you will qualify for in the military. But before you embarrass yourself in front of active duty service members, know that a job in the Army and the Marine Corps is called an MOS, which is an acronym for Military Occupational Specialty. In the Air Force, jobs are called AFSC – Air Force Specialty Code. In the Navy they are known as an NEC - Navy Enlisted Classification and the Coast Guard, jobs are called ratings, or rate for short.