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.
NEW! - Utilize these flashcards to help you learn and remember the most important terms you will find on your ASVAB Word Knowledge test. Navigate through the flashcards by clicking next and previous. You can press Flip to see the definitions. If you got the definition correct, mark it "correct" - otherwise mark it incorrect. When you get through all of the flashcards, you will be given the option to review all the cards, or just the ones you marked incorrect. Good luck!
Examinees also receive a score on what is called the Armed Forces Qualification Test (AFQT). AFQT scores are computed using the Standard Scores from four ASVAB subtests: Arithmetic Reasoning (AR), Mathematics Knowledge (MK), Paragraph Comprehension (PC), and Word Knowledge (WK). AFQT scores are reported as percentiles between 1-99. An AFQT percentile score indicates the percentage of examinees in a reference group that scored at or below that particular score. For current AFQT scores, the reference group is a sample of 18 to 23 year old youth who took the ASVAB as part of a national norming study conducted in 1997. Thus, an AFQT score of 90 indicates that the examinee scored as well as or better than 90% of the nationally-representative sample of 18 to 23 year old youth. An AFQT score of 50 indicates that the examinee scored as well as or better than 50% of the nationally-representative sample.