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In terms of types of loans, what will the military assistance enlisted applicants with?

Written By: admin on June 19, 2009 4 Comments

I am currently a student and i have student loans. I know the army and other branches can help in repaying those. What about other loans – i got a loan for a small car for traveling back and forth from school- but if i join the armed forces, will I receive help for that loan as well?
I don't necessary need them to pay for the car loan, but if the loan could be place on hold till after I end my tour or until I get to a pay grade that will allow me to afford the monthly payments.


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4 Responses to “In terms of types of loans, what will the military assistance enlisted applicants with?”

  1. mustangsally76 on: 19 June 2009 at 4:00 pm

    No. The military doesn't help pay for your car. That is considered a personal expense. Some branches (not all) do have loan repayment but you either get loan repayment or the GI Bill, not both.

    EDIT: No, your loan will not be place on hold for your enlistment or until you reach higher rank. You still must pay your bills. You can set up your payments to come out through an allotment in your pay or set up bill pay with your bank to pay your bills while in training. If you can't afford your car on junior enlisted pay..sell it and buy a car you can afford when you reach your first duty station. Being in the military doesn't mean you don't have to pay your bills. In fact, all branches run credit check and if you owe more than you can afford on Junior Enlisted income, you won't be accepted.

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