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When to apply to PLC?
- Thread starter Airborne
- Start date
- Status
EA-6B1
PLC Jrs 1st Inc. Kilo-3
Airborne, just my $.02, but I wouldn't be sounding off spelling it like that. I understand your motivation which is awesome. But 'HOOAH' sounds like what the nasty Army ROTC guys say here at school. Plus, it sounds too much like 'HOORAY' which is really not what Marines sound like. I've seen it spelled "OORAH" and "HOORAH". Either way, I know what you meant, just a little FYI.
Hi,
just a quick tip from a wife who's happy her husband signed up for PLC early in his college career.. . SIGN UP EARLY AND DON'T TAKE THE MONEY!! I don't completely know all the details, but when my husband signed up, he had an option to get some money each year OR Not get the money and have those years in college count towards time in service. He was on scholarship so he turned down the money so now his time in service counts towards his Pay. If you look at a military pay chart, it shows you how much extra that is a month. My husband said that now two years after commissioning that deal has already paid him back more than the money he would have gotten yearly in college, and it will continue to keep paying back.
Anyhow, just ask the recruiter if that is still the way it works. Or maybe someone here knows the exact details. I'd ask my hubby, but he's studying like mad up at Whiting right now!!
Good luck to you!
just a quick tip from a wife who's happy her husband signed up for PLC early in his college career.. . SIGN UP EARLY AND DON'T TAKE THE MONEY!! I don't completely know all the details, but when my husband signed up, he had an option to get some money each year OR Not get the money and have those years in college count towards time in service. He was on scholarship so he turned down the money so now his time in service counts towards his Pay. If you look at a military pay chart, it shows you how much extra that is a month. My husband said that now two years after commissioning that deal has already paid him back more than the money he would have gotten yearly in college, and it will continue to keep paying back.
Anyhow, just ask the recruiter if that is still the way it works. Or maybe someone here knows the exact details. I'd ask my hubby, but he's studying like mad up at Whiting right now!!
Good luck to you!
I took the money, and my time in the PLC program still counts towards my pay. Someone is passing bad gouge. Kimphil, you are right, if you do take the money and don't accept your commission, you'll have to pay it back if you take the (FAP) or enlist for 2 years if you take the other one (TFIP (I think)). Once you go to OCS Jr's, then your TIS (time in service) starts whether you took money or not.
I took the FAP (Financial Assistance Program) and the deal is I take the money and the USMC adds 6 months to my contract. JBoomer did the same thing and neither one of our contracts changed.......I dunno...
I took the FAP (Financial Assistance Program) and the deal is I take the money and the USMC adds 6 months to my contract. JBoomer did the same thing and neither one of our contracts changed.......I dunno...
There are two programs, one is 900 a semester stipend, and the other 5k tuition reimbursement per year for two years. Both add time to your contract. As an aviation guy, it doesn’t matter because your locked in till late 30s anyway.
With PLC, your pay entry base date starts when you report to PLC jr. Unless you take the tuition reimbursement, then they have a weird calculation. I took both, so my pay entry base date is in April, my date of rank is in May, and my comm. date is in June??? Don’t ask me how it works. If I didn’t take the tuition money, I would have an extra two years on my pay entry base date, and a bigger pay check. But at the time, I was a finance major and calculated the present value of future cash flows, and it made more sense to take the tuition money. Besides, I needed it.
The 900/semester stipend, adds years, but you keep the early pay date.
There is talk of changing the rules to remove the double penalty, why add extra years and remove the early pay date. I make some calls every few months to see if I can get my pay entry base date back, but of course it doesn’t work.
Questions a lot better for an OSO then a gouge forum.
With PLC, your pay entry base date starts when you report to PLC jr. Unless you take the tuition reimbursement, then they have a weird calculation. I took both, so my pay entry base date is in April, my date of rank is in May, and my comm. date is in June??? Don’t ask me how it works. If I didn’t take the tuition money, I would have an extra two years on my pay entry base date, and a bigger pay check. But at the time, I was a finance major and calculated the present value of future cash flows, and it made more sense to take the tuition money. Besides, I needed it.
The 900/semester stipend, adds years, but you keep the early pay date.
There is talk of changing the rules to remove the double penalty, why add extra years and remove the early pay date. I make some calls every few months to see if I can get my pay entry base date back, but of course it doesn’t work.
Questions a lot better for an OSO then a gouge forum.
doubledown
Registered User
I am just curious if anyone knows the interest rate at which you have to pay the money back.
Should have Fam-1 in the morning, I'll have to wait for the schedule to come out at 1800.
I took the money because even with the G.I. Bill and me and my wife working we still needed help. My family is poor white trash and couldn't pay for my college like most my peers....lol
True story
I took the money because even with the G.I. Bill and me and my wife working we still needed help. My family is poor white trash and couldn't pay for my college like most my peers....lol
True story
I think it was E5B that said you still get the time in service if you take the money. That is only if you are prior service or reserves. If you are a civilan then you have to pay it back, or enlist for up to 4 years if you decline your commission. It also is true that you don't get the time in service if you are a civilian and take the money. That is why it pays to have already been enlisted. You get the money and the extra pay when you get commissioned. It is quite a big jump, so I suggest that you take the time in service.
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