Will the Air Force Pay Off My Student Loans

Serving the Country

A good way to pay off student loans is to go for military deferment. Deferment is the temporary suspension of the payment of a loan. Meanwhile, a military deferment works by suspending payment for your student loan after leaving school in exchange for active military duty.

A borrower of a Direct Loan, Federal Perkins Loan and FFEL who are called to active duty during war, military operations or national emergencies may avail of Military Service Deferment. In addition, you can qualify for military service deferment if you are serving on or after October 1, 2007, for an additional 180-day period after your demobilization date in the said service. When these borrowers are active or retired members of the

National Guard or other reserve components of the United States Armed Forces and are called or ordered to active duty while enrolled, they may avail of Post-Active Duty Student Deferment. These borrowers may avail of the deferment in the 13 months after the conclusion of their active duty or until the borrower enrolls at least a half-time basis, depending on which is earlier.

Aside from gaining experience and discipline, the military is an attractive avenue to students from community colleges and state schools where most, if not, all loans will be covered by a competitive stipend in serving the country. Also, the military also has their student loan repayment program. A total of $10,000 may be collected from the Air Force Loan Repayment program.

The air force is currently providing its enlisted members a total of $10,00 for the repayment of student loans. This benefit is made available to you when you enter a four- or six-year enlistment in the Air Force.

Aside from this, the Air Force could help you repay your student loans through the Montgomery GI Bill. It is a veteran’s benefit program that helps the Air Force’s military members in repaying college loans. It provides a total of $35,000 for college starting after two years of service. This is paid to you every month if you are enrolled in college in a full- or half-time student status, usable for up to 10 years after your honorable discharge from the service.

Earning College Credit while Paying Off Your Student Loan

Through the Air Force’s Basic Military Training, you begin to earn college credits while paying off your student loan while receiving your salary. After completing Basic Military Training, you earn four semester hours of Physical Education. After Basic Military Training, you will then proceed to Technical Training. In Technical Training, you earn Associates Degree credits in the Applied Science related to the Air Force Job. These trainings are completed through the world’s largest community college – the Community College Air Force.

After completing these two stages of training and sign up for permanent duty, you will attend a formal briefing at the Base Education Office on class schedules and availability with other accredited colleges, institutions and universities in the locale. Once in your new base, you are expected to be focused and proficient on your new job. This program is credited to your Community College Air Force Degree (CCAF). With the Tuition Assistance Program, you can start completing your CCAF Degree and the Air Force will provide 100% tuition for associate, bachelors or masters degrees.