military student loan repayment
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Idaho National Guard increases signing bonus
IDAHO FALLS, Idaho (AP) -- The Idaho National Guard has increased its enlistment bonus from $6,000 to $20,000 for recruits who choose one of the 30-most-needed jobs, such as infantry, military police, or cannon crew.
"With marginal benefits, we might attract 20 people a month," Sgt. Matt Wood, who handles recruiting and retention for Idaho Falls, told the Post Register. "With (the current) benefits, we might attract 50 people and be picky. It's really important to me that we find those good, quality people." Half of the bonus is paid once a recruit finishes basic and job training. The rest is paid after three years. Wood said the bonus is meant to attract high school juniors and seniors looking at college. Besides the signing bonus, the guard will pay a recruit's tuition, $550 to $850 a month during school, and not deploy a recruit during the first two years of college, if the recruit is attending classes full time.
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Loanly students
After signing the Deficit Reduction Act of 2005, President Bush said, "Our economy is strong and it's getting stronger." It is a complicated act, but one important part is the provision dealing with Stafford Student Loans. In regard to the act's impact on the Stafford Loan program the president said, "The Deficit Reduction Act makes important improvements to federal student loan programs."
Of course, the reality for the students affected is much different than what the president hoped for.
"What I'm telling you is, the students are getting the money, and we're making the program a lot more efficient for the taxpayers," the president said regarding the money shaved off of the federal budget by this act.
On July 1, Aggies paying for school with student loans began to feel the effects of the money that the president said they would be getting.