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Can you use the Army's loan repayment program more than once?



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Oct 03, 2009 11:04 AM

Can you use the Army's loan repayment program more than once?

by rcj2009

The Army site says that they will pay $50k through the Health Professional Loan Repayment Program for a 3 year commitment as nurse. If I had $100k in student loans, would I be able to get a second $50k in loan repayment for my second commitment of three years? Or is the HPLR a one time only incentive?

Thank you.

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5 Comments
No. 1
from mobro
Old Oct 04, 2009, 07:26 PM

Default Re: Can you use the Army's loan repayment program more than once?
i could be completely wrong, and i'm applying to air force not army, but if you sign a new contract i think there are different incentives than the initial sign on stuff. but i'm not 100% sure.
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No. 2
from carolinapooh
Old Oct 05, 2009, 10:05 AM

Default Re: Can you use the Army's loan repayment program more than once?
No service is going to repay $100K. $50K is what you'll get maximum from any of them.

And my understanding of sign-on loan repayment is it's a one-time thing and remember - it's taxed, so you'll pay taxes on that fifty grand.
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No. 3
from rcj2009
Old Oct 05, 2009, 11:38 AM

Default Re: Can you use the Army's loan repayment program more than once?
What about the "Special Pay"?
If you get $30k ($10k/yr) for a 3 year commitment, do you get this again for the next 3 years? Is Special Pay a one-time thing?

I am trying to figure out what Special Pay and incentives are available after your initial commitment.

The more information I have now, the better I can map out my education expenses over the next few years.

Thanks.
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No. 4
from moosicle
Old Oct 06, 2009, 01:15 AM

Default Re: Can you use the Army's loan repayment program more than once?
I got about 95k for student loans from Army. But, I do not know if you can do it twice.
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No. 5
from hopeful_army_NP
Old Oct 06, 2009, 07:22 AM

Default Re: Can you use the Army's loan repayment program more than once?
Originally Posted by carolinapooh View Post
No service is going to repay $100K. $50K is what you'll get maximum from any of them.

And my understanding of sign-on loan repayment is it's a one-time thing and remember - it's taxed, so you'll pay taxes on that fifty grand.

The loan repayment I took was up tp $120k for 6 year committment.(Army)
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