LRP Military Loan Repayment Program - $65,000 debt paid by gov

<p>I recently talked to a relative who suggested I look into this program.
He said if I served for four years in the military (as an officer, using the skills I developed in school - science, for me), up to $65000 of my student debt would be paid.
It looks like all federal loans are covered, including PLUS and Stafford.</p>

<p>Has anyone had experience with this program?</p>

<p><a href="https://www.navy.com/benefits/education/payoff/%5B/url%5D"&gt;https://www.navy.com/benefits/education/payoff/&lt;/a&gt;&lt;/p>

<p>[Student</a> Loan Forgiveness](<a href=“http://www.money-zine.com/Financial-Planning/College-Loan/Student-Loan-Forgiveness/]Student”>http://www.money-zine.com/Financial-Planning/College-Loan/Student-Loan-Forgiveness/)</p>

<p>more info on other loan forgiveness. The amount of the loan paid (forgiven) during the year is considered taxable income to you.</p>

<p>Also I read on another site that you have to be in the Navy for a year for this to kick in (you also have to have a degree in something they want, many sciences are probably sought after) so you have to each get forbearance for the year or repay while waiting for eligibility to kick in</p>