CIVMARs are eligible to apply for the Student Loan Repayment Program (SLRP), which would give them the opportunity to apply for up to $10,000 a year for qualified student loan repayments for a maximum repayment amount of $60,000. CIVMARs will be able to apply for the SLRP upon their first day of employment using the MSC SLRP Application Form. CIVMARs will have to apply annually for the program. Those CIVMARS who are eligible will have a service agreement associated with each annual award of loan repayment. This is a 3 year commitment, which can run concurrently.
Student Loan Repayment Program Coordinator
Amber Bynum 757-443-2871 msc_hr_slrp@us.navy.mil
Program Eligibility
- The loan must be to an eligible federally-made, insured, or guaranteed, student loan covered by Part B of title IV of the Higher Education Act of 1965, a loan made under part D or E of title IV of the Higher Education Act of 1965 or a health education assistance loan made or insured under part A of the Public Health Service Act or under part E of title VIII of such Act. Examples of types of loans include the Federal Plus loan, federal consolidation loans, William D. Ford Federal Direct Loan Program, and Federal Perkins Loans.
- The loan must have been disbursed prior to the signing of a service agreement and approval of a SLRP payment.
- Eligible employee/selectees may be considered for student loan repayment benefit up to $10,000 per fiscal year, with a $60,000 lifetime maximum for any individual.
Positions currently eligible for the Student Loan Repayment Program are: First Officer, Second Officer, Third Officer, First Assistant Engineer, Second Assistant Engineer, Third Assistant Engineer and Junior Supply Officer.