Tuesday, April 16, 2024
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    HomeUnited StatesU.S ArmyArmy National Guard Halts Payments for Soldier Student Loans After Funding Snafu

    Army National Guard Halts Payments for Soldier Student Loans After Funding Snafu

    Army National Guard Halts Payments for Soldier Student Loans After Funding Snafu

    The National Guard has ceased payments to soldiers for student loan debt as the service component faces unforeseen funding issues, and officials have no timeline for when the problem may be resolved.

    The issue is isolated within the Student Loan Repayment Program, or SLRP — one of the key incentives for joining the part-time service — and affects federal student debt incurred between 2020 and 2022. That program pays for up to $50,000 in debt, a pitch that is attractive to applicants who have already attended school. The program is separate from National Guard tuition assistance and the GI Bill scholarship programs, which are not impacted by the disruption in pay.

    “Current system limitations require technical accounting steps to take place to realign funding,” Deidre Forster, a Guard spokesperson, told .com in a statement. “The [Army National Guard] is actively working to realign funding that will allow the resumption of payments.”

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    Officials did not respond to a request for comment about when the issue is expected to be resolved or how many soldiers are impacted. The issue was first reported by Army Times.

    It's unclear whether the service component has notified the wider about the payment holdups. A review of its public-facing social media, including senior leadership, by Military.com found no notice of the…

    Continue Reading This Article At Military.com

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