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43 Responses to “Navy Student Loan Repayment”
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SRB show in Mypay w-2. LRP does not.
The creditor does have the paymnt history for the account but would unaware that any income tax has been witheld. For tax purpose , interest would be the only important factor the crediot would be privi- to.
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if you have the lrp ive been in for a year and a half with the new gi bill now can i get both and if i cant is there a way i can to cancel the lrp after two year in an get the gi bill benifits.
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Am I right in assuming that I can take the amount that the Navy paid on my student loans for the previous year and add that to my W2′s to get my wages for the tax year? I was going to use this total in order ot file my taxes. I have not yet received this “supposed” W2 for my student loans yet. The mypay site says that they are available on the site, yet there is no where to go to print them out. I called mypay and they said that they would be mailed to me. I have not received them yet. Do you know the number I would call to speak with someone directly regarding the SLRP W2′s?
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Yes, I am under the understanding that is what is going to be done. I’ve been trying to look up a contact number for CNRC in Millington, TN, because that is who handles LRP. Once I get things figured out, I will write back and let you know who this whole process worked out.
Tim
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W-2′s for the LRP are sent by DFAS to the servicing PSD for the member. Your PSD should have received this by mid January no later than end of month. There is an updated contact email of: cnrc_lrp-eb[at]navy.mil that you can email for further questions. Again W-2′s concerning LRP payment are not posted on mypay, THEY ARE MAILED TO YOUR PSD.
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My son has about 50K of loans but they were from citibank (studentloan.com). They were student loans paid DIRECTLY to the university, but his recruiter said that they only pay off FEDERAL LOANS. is this correct?? THANKS!
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Do you know if you are permanently disqualified from receiving the loan repayment option if you miss the deadline to get the documentation in. The Department of Education is the holder of my loans and they still haven’t mailed documents I sent out on December 7th (I went to MEPS on November 3rd and they told me I had 60 days. It took the Dept of Ed. about 3 weeks to send me my promissory note, then Thanksgiving intervened).
If MEPS doesn’t have the documents by January 3rd, will I need to go back to MEPS and renegotiate my contract to see if I can get into another LRP qualifying rating? Will they allow me to do this?
I know MEPS was closed for the holidays as well, is it possible they’ll extend my deadline?
Thanks!
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I received a letter stating my final payment had been sent to Sallie Mae for my student loan. I just checked my statement and it shows that I still owe $4997.82 on the principal. Should I resubmit my form for the last payment? I’m getting out in December. Thank you.
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When I orignally went to the recruiter station, I specifically told them that I was joining to have the Navy pay my student loans. They told me that all that information that I had given them including a original copy of my completed semester hours with grades included. A year later, I haven’t seen any payment made on my loans and they are now telling me that it wasn’t in my contract and this was after they originally lost my folder. What should I do?
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I am currently enrolled in the LRP, but have been unable to find information on filling out the DD2475. I have the instructions for the form, but I have questions concerning who I’m supposed to have as a verifying official as well as the address where the form needs to be forwarded after the Loan Holder fills out there information. I have been at two commands and no one knows anything about this program. I have even tried contacting Millington and have only gotten someone’s voicemail. If anyone can point me in the right direction I’d appreciate it greatly.
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I am going to MEPS in 2 weeks. What do I need to be aware of in order to make sure everything is in my contract to pay back school loans. I have about 55k dollars in Federal loans, mostly through Sallie Mae, the rest through my school, ex. perkin’s loans, etc. I also want to know how long it takes for the Navy to start paying them back. Will I have to worry about making payments while I’m in bootcamp or a-school or will they be getting paid back then? I am looking to be an air rescue swimmer, there is a $15,000 bonus there, would I still get that if I am doing this repayment plan? Thank you for all the information.
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I am enrolled in LRP. I am considering putting in a request for early seperation in the spring if the navy puts out the same anouncement as they did last year. I can not find how this will effect my LRP payment. My EAOS is April 30 2012. I have two questions first; if I were to put a request in for early seperation after my 3 year mark around June of 2011 how would this effect my LRP. Second, if I were to put a request in for Nov 2011 I would no longer be enrolled since my last payment had been made. As I understand LRP would not be effected then, is this correct?
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I have student loans that my parents took out for me they are call PLUS loans and on the MPN (master promisary note) I am listed a the students …do these qualify for LRP
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The navy paid more than half of my student loan last year. Is there anything that I need to do every year for the navy to pay my loan or will they just keep paying it until it’s fully paid off?
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I am currently active duty. I wanted the LRP when going through DEP but was told I wasn’t eligible for it by my recruiter. I’ve since found out that I am, and my loan meets all the requirements. Is is too late to enroll in LRP?
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I was told if i use the student loan debt elimination program i would thus forfeit my GI BILL money. i only owe about 15K so i don’t want to loose my 80k. do i really have to give up my GI BILL to have my student loans paid off?
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I am currently enrolled in the LRP program but I am scheduled to be deployed during the 90 day period to submit my DD form 2475. WHat should I do? Thank you
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I am enrolled in the LRP and my final payment has been paid. I have done 3 years and 2 months of my initial 4 year enlistment. I am trying to do the early out program. Would I have to pay the Navy the money back? Someone please help me. If possible, please email me at jordan.jackson[at]me.navy.mil.
Thank you.
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my son has a student loan of about 12000. he has been in the navy now now for 10 months . he did make good grades. his recruiter told him that there was a way to help him with that loan. but the recruiter did not help him persue it any further than that . can he still apply for help on paying this debt?
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I had the LRP on my original contract but haven’t done anything with it in 2.5 years. Every time I brought it up in the past to my commands, they had no idea what I was talking about. Does this mean I have lost it?
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NCCM,
I was looking to enlist, however I can’t find any information relative to tattoos. I have one full sleeve and one half sleeve of cultural/tribal tattoos.. How will this affect my enlistment?
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I enrolled in the Lrp program, but was told that I had to to wait till after my first command in order to get this benefit now I’am on my next command and Enlistment and no one here know anything about this program what do I do? Can I just say forget it and ask for my Enlistment bonus instead or do I get nothing from my first enlistment?
Why are W-2′s for Navy LRP not available on mypay, so when you actually file your taxes for a given year you can recoop the taxes paid by DFAS for the LRP paymnts?