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75 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?
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I’m going to MEPS this Tuesday, and have expressed to my recruiter that I’m extremely interested in the LRP. He’s tried to answer questions as best he can, but has said he doesn’t know if the program is available.
Is the Loan Repayment Program currently available? I auditioned for the Navy Fleet Bands program, and got in, and am guaranteed to the Navy School of Music “A” School.
If the program is available, I don’t want to sign an enlistment contract without being sure the LRP is written into it, but do I have enough time to do this before I leave for MEPS this week?
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Hello there, Tyler again!
I’m leaving at noon to take the ASVAP exam, and process tomorrow. My recruiter did confirm that the LRP is currently available for MUs, but that nothing specifically about the LRP will go into my contract tomorrow. He said after I sign tomorrow, I’ll have 60 days to complete all the paperwork, and then it goes into a revised contract.
Is this the case? I thought something would go into the contract stating that I’m opting for the LRP incentive, but that I still had to complete the paperwork in the 60 time limit?
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OK, so if I’m understanding this correctly, I WILL fill out initial paperwork that will go into my contract, even though I will still have to finish and submit the full packet within 60 days?
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I have 6 different Federal Unsubsidized Stafford loans, all of which are eligible for repayment. I’m filling out the paperwork now. Would it be beneficial to consolidate these loans? It would certainly make things easier, so a DD-2475 would only have to be filled out once..
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How can I be sure? Is there someone I can speak with, or a number I can call?
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Hello! I am currently getting ready to audition for MU rate as a vocalist. I’m interested in the LRP. My recruiter doesn’t know much about the LRP but has been researching and I have too. He said it is not 100% that I will be approved for the LRP even after submitting application and getting accepted in MU. Can you confirm this? If I choose a rate that’s LRP eligible and submit all required paperwork for eligible loans etc, could there still be reason I wouldn’t get approved. If so, what would be some of the reasons? I want to make sure I know as much as I can to make an informed decision. Thank you for your help.
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Thank you for response!
I will get a head start on the paperwork needed using the links you gave previously. Can you provide the new link to the worksheet the MEPS liason will be working from to prepare package- old is invalid?
I will make sure to have LRP in my contract before I sign anything and leave.
Also- can you tell me how hard it is to become a Navy vocalist? I want to know my chances going if possible.
Thanks for you help with answering our questions. Much appreciated! -
I have a question possed to my by my son who is currently serving on a carrier and emailing is cumbersome. He wants to know if he will be able to apply and receive the Post9/11 GI Bill after he separates from the Navy even though he is receiving the LRP? He joined the Navy and waved his GI Bill rights in lieu of the LRP. He has received his AA however is currently at junior standing at the same educational institution. He wants to complete his BA degree. Will he be able to use the Post9/11 GI BILL? Thanks for your help. Sincerely, Dee.
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Thank you for your response. I will forward your appreciation to my son.
I will also check with the VA for further information as you suggested. thank you once again. Sincerely, Dee. -
I would like to get as much information as I can about the LRP. I have completed a four year enlistment, got out with an honorable discharge. Took a few years off to work towards completing all my educational goals. I have now decided to go back into the Navy Reserves and even possible join as FTS. Is it possible to get all the forms needed to apply for the LRP as a reservist? Or will it be better to wait until I go FTS? Thanks.
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I’ve been in Dep for almost a year now and im currently on my 3rd recruiter. I deped in as an AC but reclassified to nuke. My first recruiter sent in all the paperwork for my LRP to the Navy but it was flagged because the Loan agencies didn’t sign the paperwork. My new recruiter and I are in a mad rush now to get the Loan agencies to fill out the paperwork, send it back to him so he can in turn send it to whomever it needs to be sent to. My question is, if we don’t get the paperwork filled out before the 60 days, which I believe are up already, or before I leave for bootcamp on Oct. 3rd what happens? Do I receive the nuke enlistment bonus instead, or am I out of luck and end up with nothing?
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Thank you for your reply. To answer your first question, yes the annex to my nuke contract does specify that I am enrolled into the LRP, I had to choose between that or the nuke EB. I signed my nuke contact in April but had been enrolled in the LRP since October when I enlisted as an AC. Today my recruiter called the LRP help desk and they told him that I still have time to file all the paperwork. It turns out that there was a problem with the Parent Plus Loans and we are currently resolving that issue now. Thank you for your help.
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Does the navy still have the LRP in 2013 or the end of 2012? I was told qualified LRP only for the musician right now.
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My son enlisted in the Navy under the Special Warfare program for a six-year enlistment. Unfortunately, he DOR’d during Hell Week and was reclassified as “Undesignated” and his contract was modified to a four-year term. While in the Special Warfare program his contract indicated that he would receive a bonus upon completion of the program. My son was planning on using that bonus to pay off his student loan but now that is water under the bridge. Under his new contract does he qualify for the Navy Student Loan Repayment Program? If so, who or what office would he need to contact to set this up?
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I am a new navy reservist. I was told when I commissioned that I was eligible for 50k student loan repayment. I have been around the world trying to figure out how to apply for this program. My recruiter seems to not know how this works as I was his first officer he recruited. Any help or information with this would be much appreciated.
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Why is the LRP program not available to individuals who are looking to join the service as an Officer. I would think that the LRP program should be available to some one who is looking to join as an officer since you are required to have a degree to become an officer.
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?