Knowledge and information are empowering. A new student loan resource for members of the Armed Services has been released. America’s servicemen and servicewomen now will have more information about their federal education loans, special benefits available to them, and their repayment options. To facilitate U.S. Armed Service members, a new brochure, entitled For Members of the U.S. Armed Services: What You Need to Know About Your Federal Student Loan Benefits, was developed by the U.S. Department of Education and the four Title IV Student Loan Servicers: FedLoan Servicing, Great Lakes Educational Loan Services, Nelnet Education Loan Servicing and Sallie Mae Department of Education Loan Services.
U.S. Secretary of Education Arne Duncan states, “This easy-to-read brochure is a small but important way to help – it outlines what service members need to know to manage their student loans and maximize their benefits.” Duncan further indicates, “We know that our servicemen and women are faced with an abundance of challenges and transitions while deployed and upon returning to civilian life . . . want to redouble our efforts to ease their transition and provide them with educational opportunities, resources, and the ongoing support they have earned.”
The free brochure is divided into three parts: the first section describes the special benefits and repayment options available to service members; the second section offers helpful tips for active duty or deployed service members; and the third lists useful student loan resources.
The brochure is designed to be helpful. It offers pivotal information and important tips. Some of the tips are:
- Establishing online access to student loan accounts to review and make payments online;
- Exploring repayment plans based on income, which could qualify borrowers for low or zero payment and possible loan forgiveness;
- Signing up for automatic payments to help keep loans current; and
- Placing an active duty alert on credit reports to reduce the risk of identity theft.
Author Stephen King wrote, “The brain is a muscle that can move the world.” Student loans facilitate access to education and its transformational opportunities. The new brochure, accessible to consumers at http://StudentAid.gov/resources#military-loan-benefits, identifies and consolidates key elements related to student loans for members of the U.S. Armed Services. It’s an important tool.
Find the take in this article to be helpful? National and International Travel and Recreation as well as National Education and Industry materials come from a husband and wife creative team, who travel extensively as photonaturalists and writers. One is an experienced scientist with a doctorate in Material Sciences and background in optics research. The other is former Vice President of GKE (Global Knowledge Exchange), who served as a US Web-based Education Commissioner during the Clinton administration, and was a former US National Tech&Learning Teacher of the Year.
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