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Paying school loans on O-1 pay?

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krtyxl

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FYI - you would have to have had student loans PRIOR to 1 Jul 1993 to qualify for the armed forces deferment. Check out mohela.com for a consolidation loan. I locked in 4% interest for the life of my loan with them, and I have a hardship deferment good for up to three years through them, too on O1 salary. Of course, I am still accruing interest during that time unless I pay it quarterly, but it will get me a lot closer to O3 pay before they are due to be paid.
 
Ironnads

Ironnads

Registered User
LCDR Williams here in Dallas told me that after you are commisioned, you can get an unsecured loan from the navy federal credit union for up to $18,000 at 1.75%. This may not cover all of the debt, but it is a start.

Travis Alexander
 
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