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.
mobro 159 Posts Oct 5, 2009 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.
carolinapooh, BSN, RN 3,577 Posts Has 10 years experience. Oct 5, 2009 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.
rcj2009 14 Posts Oct 5, 2009 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.
moosicle 73 Posts Oct 6, 2009 I got about 95k for student loans from Army. But, I do not know if you can do it twice.
hopeful_army_NP 253 Posts Specializes in Advanced Practice, Home Care, Med-Surg,. Has 13 years experience. Oct 6, 2009 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)
