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.
Standard Scores are scores that have a fixed mean and standard deviation in the population of examinees. A Standard Score indicates how many units of the standard deviation a particular score is above or below the mean. In the case of the ASVAB subtests, the mean is set to 50 and the standard deviation is set to 10. Thus, a Standard Score of 40 indicates that the examinee scored 1 standard deviation below the mean. A Standard Score of 70 indicates that the examinee scored 2 standard deviations above the mean. To learn more about how standard scores are derived and used, click here.