Published Oct 3, 2009
rcj2009
14 Posts
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
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
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.
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
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
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)