For Members of the U.S. Armed Forces​

For Members of the U.S. Armed Forces

Thank you for your service As America’s soldiers and servicewomen, you’ve consistently been there for us when we called for . We recognize sacrifices you do for our country. Our teams of committed consultants can you approach aids available on your loans.   In acknowledgement of your service to our country, there are special student loan benefits and repayment options available through the U.S. Department of Education (ED) and the U.S. Department of Defense (DOD).

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Benefits

Description

Service Eligibility

Documentation Needed

Servicemembers
Civil Relief Act
(SCRA) Interest
Rate Cap

Interest on student loans
obtained prior to your
military service is capped
at 6% during periods of
active duty.

• Federal and private loans.
• Loans disbursed prior to active
duty start date.
• For federal loans, the earliest benefit
effective date is August 14, 2008,
and active duty periods that fall on or
after that date may qualify.
• If you consolidate your federal loans
after your active duty start date,
your consolidation loan may not be
eligible for the benefit.

• Your student loan servicer will proactively check an authorized military database, and if you are listed as being in active duty status the servicer will automatically apply the benefit to eligible loan(s). If your
military orders indicate a different active duty start date, you may submit a copy, and the benefit start date will reflect the earlier active duty start date.
• You also may initiate the benefit by
submitting a copy of your orders.

Military Service
Deferment

You can postpone loan
repayment during certain
periods of active duty and
immediately following
active duty

• Federal and some private loans.
• Generally offered for active duty
military service during a war,
other military operation, or
national emergency.
• Assigned to a duty station other than
your normal station.
• Generally, periods of training or
attending service school are not
eligible for deferment.

• Completed Military Service and Post-Active
Duty Student Deferment Request form; or
• Written statement from commanding/
personnel officer along with completed
borrower section of deferment form; or
• Copy of military orders along with
completed borrower section of deferment
form; or
• Verbal request from you or your
representative if documentation cannot
be submitted, for the initial twelve-month
period for federal loans.

Deferments After
Active Duty

You can postpone
repayment while you
prepare to return to school
following your active duty.

• Federal and some private loans.
• Following service during a war, other
military operation, or
national emergency

• Military Service and Post-Active Duty
Student Deferment Request form; or
• Written statement from commanding/
personnel officer along with completed
borrower section of deferment form; or
• Copy of military orders.

Public Service
Loan Forgiveness

You may qualify for
forgiveness of the
remaining balance of your
Federal Direct Loans.

• Federal Direct Loans only.
• Employed full-time at a qualifying
government or nonprofit public
service organization, including
military service.
• Make 120 on-time qualifying
payments after October 1, 2007 while
in a qualifying income driven or 10
year standard repayment plan.

• Submit an Employment Certification Form
to determine eligibility.

0% Interest

While you are serving in a
hostile area that qualifies you
for special pay, you do not
have to pay interest for up
to 60 months.

• Federal Direct Loans made on or after
October 1, 2008.
• The portion of a Direct Consolidation
Loan that represents loans made on
or after October 1, 2008.

Proof of deployment in a hostile area,
including:
• A certifying official’s statement and
signature; or
• Military orders showing you’re serving in
a hostile area; or
• A Leave and Earnings Statement
showing you’re receiving hostile or
imminent danger pay

Income-Driven
Repayment Plans

.Repayment plans that base
your monthly payment on
your income are available for
federal student loans. Under
these plans, you may qualify
for a low or zero payment
amount with the possibility of
forgiveness of the remaining

• Eligibility is based on your income
and varies with the loan type and
date the loan was made. Contact your
student loan servicer to determine
your eligibility.
• Private loans are not eligible for these
plans; contact your loan servicer for
available options.

• Income-Driven Repayment Plan Request
form and documentation of income.

HEROES Act
Waiver

While you are on active
duty, ED waives many of the
documentation requirements
attached to federal student
loan benefits. For example, if
you are on an income-driven
repayment plan and military
service prevents you from
providing updated information
on your family size and
income, you can request to
have your monthly payment
amount maintained.

• Federal loans.
• Active duty military service during
a war, other military operation, or
national emergency.

• Military orders.
• Your student loan servicer will
proactively apply a waiver if they have
information that you are actively serving
in the military and qualify for the waiver.

Department of
Defense (DOD)
Repayment of
Your Loans

In certain circumstances, as
determined by the DOD, all or
a portion of your student loans
may be repaid by the DOD.

• Varies based on branch of military.

• Contact your designated Military
Personnel Officer or representative for
application process details.

Veterans Total
and Permanent
Disability
Discharge

If you have a service connected disability, you may qualify for discharge of yourstudent loans.

• Federal and some private loans.

• Documentation from the U.S.
Department of Veterans Affairs verifying
that you have a service-connected
disability; and
• Total and Permanent Disability
Request form.

Useful Resources

Information and resources for servicemembers and their families
including information on veterans benefits and paying for college..

Servicemembers Civil Relief Act (SCRA)

https://scra.dmdc.osd.mil/scra/#/home.

Get more information about the benefits available through SCRA.

Equifax – Equifax.com
Experian – Experian.com
TransUnion – Transunion.com

These are nationwide consumer reporting agencies where you
can place an active duty alert on your credit report. Simply enter
“active duty alert” in the website search box for forms and
contact information