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Benefits for military people

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Special student-loan benefits are available to those who serve in the U.S. military. If you have student loans and then join a branch of the U.S. military (except the Marines), up to one-third of the amount you borrowed or $1,500 per year of service, whichever is greater, may be forgiven. There’s a reimbursement limit of up to $10,000 for the Air Force and $65,000 for the Army and Navy.

Numerous educational assistance programs are available for those who serve while in college or go to college after serving. See www.military.com/education/money-for-school for details by branch of the military, as there are many programs and they vary by branch.

Personal Finance in Your 20s & 30s For Dummies

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