Google +LinkedInPinterestYouTubeInstagramTwitterFacebook
USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
usaa.com/legion or by calling toll-free at 1-877-699-2654.

Financial Questions & Answers

Financial Questions & Answers

Question:

I’m looking for any assistance or available programs that would help me pay off my student loans. I’m an RN and Army veteran. I have already used the GI Bill, and I’m over the age limit to enlist in the reserves or National Guard. Thanks. – Michael

Answer:

It sounds as if you’ve taken advantage of the excellent education benefits that come with military service! We’re not aware of any programs that would pay off your loans. Although, the College Cost Reduction and Access Act of 2007 does allow certain Federal Direct Loans to be forgiven for those working in nursing or other public service type occupations after 10 years of payments. To qualify and benefit from this program, you’d have to be in the income based or contingent repayment plans. Here’s a link to a document that outlines the program. http://studentaid.ed.gov/students/attachments/siteresources/LoanForgiven...