NYS DMNA

New York National Guard Education Services

Student Loan Repayment Program (SLRP)

The New York Army National Guard Student Loan Repayment Program assists in repayment of qualified student loans for NYARNG Soldiers up to $50,000!

Eligibility Requirements

  • Non-Prior Service (NPS) Soldiers must:
    • Score 50 or higher on the AFQT
    • Sign a 6x2 or 8x0 contract
    • Have at least 1 qualifying loan
  • Prior Service (PS) and Current ARNG Soldiers must:
    • Enlist/re-enlist for a minimum of 6 years
    • Be duty MOS qualified
    • Have never previously signed for SLRP
    • Have at least 1 qualifying loan
    • Be in the rank of E7 or below
    • Have less than 13 years Time in Service (TIS) at the time of enlistment/re-enlistment
  • 09S Enlistment must:
    • Sign an 8X0 for $50,000
    • Score 50 or higher on the AFQT
    • Have at least 90 college credits
    • Have at least 1 qualifying loan
    • Prior Service: Minimum of 6yrs for $45K or 8yrs for $50K

Loan Requirements

Loans must be Title IV Federal loans disbursed and not in default at the time of enlistment/reenlistment.

All loans must be listed on the National Student Loan Data System (NSLDS) at http://www.nslds.ed.gov/nslds_SA/.

Soldiers must provide copies of the NSLDS Aid Summary and the NSLDS Detail Loan Information Sheet(s) (one for each loan) at the time of enlistment/reenlistment.

Adding New Loans

Soldiers may add new disbursed loans upon completion of their current service obligation and extension for an additional 6yr period. Total amount cannot exceed $50K.

Payment Eligibility Requirements

  • To be eligible for payment, the Soldier must:
    • Complete IADT
    • Serve at least one year of the contract
    • Have a loan in good standing

How much SLRP will I receive?

Your annual payment will be %15 of your original loan balance or $500 (whichever is higher), with a maximum of $7,500.

Will SLRP pay my loan interest?

Yes. The annual payment includes any outstanding annual interest.

Will SLRP reimburse me for payments I have already made?

No. You must continue minimum monthly payments to keep your loan in good standing. SLRP is designed to make 1 payment annually on your behalf. Funds are paid directly to the loan holder.

Where do I begin?

At least 90 days before your anniversary date, you must complete an SLRP packet. The packet consists of:

  • A DD 2475 (generated by your unit)
  • NSLDS Aid Summary
  • NSLDS Detail Loan Information Sheet(s) (one for each loan)
  • RPAM and Commander Statement is required when requesting payments from previous years

All NSLDS documents can be pulled from the National Student Loan Data System (NSLDS) at http://www.nslds.ed.gov/nslds_SA/.

Completing the DD 2475

  • The DD 2475 must be completed before being sent to the Education Office.
    Section 1(a):
    “Address for Completed Form” should be the Name of Soldier’s assigned unit, street address, city, state, zip code and phone number (with area code).
    Section 1(b):
    “The Verifying Official” must be signed by the Soldier’s unit.
    Section 2:
    “Servicemember Data” and Section 3 “Loan Data” are completed by the Soldier.
    Section 4:
    “Lender Verification” is filled out by the loan holder and it is the Soldier’s responsibility to send the form to the lender.

If I pay off my loan, will the ARNG reimburse me?

No, if you pay off your loans, the New York Army National Guard will no longer make payments on your behalf.

Will the Army National Guard pay my defaulted loans?

Once your loan goes into default, no payments can be made until the loan is brought back into good standing.

Is my SLRP payment taxable?

Yes, SLRP payments are a taxable income and will be taxed prior to being disbursed to the lender.

What happens to my SLRP if I accept an Officer commission?

If you enter a commissioning program or accept an appointment as an officer, you may continue to receive your SLRP payments.

For further information, please contact the Education Services Office at ng.ny.nyarng.list.education-ny@mail.mil.

© NYS DMNA: NYNG Education Services - Student Loan Repayment
URL: http://dmna.ny.gov/education/?id=elrp
Page Last Modified: 29 Apr 15
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