HPSP Stipend

Discussion in 'Military Medicine' started by RDC12304, May 4, 2008.

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  1. RDC12304

    RDC12304 7+ Year Member

    Apr 2, 2008
    Does anyone know where I can find a history of the HPSP Stipend (say, over the past 10 years or so)? Just curious as the the rate and frequency with which increases take place. (Future projections would be nice...but I am aware that it is not available and is subject to change each july per the DOD Budget).

    P.S. Before anyone mentions it, this post does not mean that I am interested in HPSP solely for the money - but, if I was to do HPSP, the money is a nice biweekly addition to my bank account. I am just interested in how much more $ has been invested in HPSP (by way of stipend) students over the past 10 years or so.
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  3. Milamber

    Milamber Grand Poomba 2+ Year Member

    Feb 22, 2008
    I have a question about the stipend as well. I'm moving to a state (PA) with a lower tax rate than the one I am in (NY). So I would like to pay less in taxes so how do I go about changing my home of record address so that when I begin reciving my stipend and bonus I'll have it set up for PA rather than NY. Thanks
  4. J123

    J123 5+ Year Member

    Nov 24, 2004
    Home of record and legal residence are 2 separate things. Home of record is where you entered the military and to where (either to that place or the same distance) you'll go when you leave the military. Legal residence is often the same as the home of record when you enter the military, but can change should the member move with the intent to permanently leave that place. This publication came out several years ago that is helpful in explaining the differences. Ultimately, you'll need to contact your local finance office to get things finalized.

  5. NavyFP

    NavyFP Senior Member 10+ Year Member

    May 18, 2006
    Manning a Cubicle
    The standard increase in stipend is the same as the cost of living adjustment for the military. Over the past year the stipend was increased substantially from $1349 to $1605 on 1 Oct and will again increase to $1907 on 1 Jul. It is authorized to go up to $30K per year, but there has never been funding to do that. I would suspect that next year it will only go up by the cost of living adjustment of about 3%.
  6. RDC12304

    RDC12304 7+ Year Member

    Apr 2, 2008

    Thank you.
  7. elderjack21

    elderjack21 10+ Year Member

    Jan 4, 2006
    I love the caveat! You were just expecting to get flamed on here for asking a question about pay increases that everyone in the military enjoys each year.

    Best of luck!
  8. icarus8

    icarus8 let's go to the beach 5+ Year Member

    May 9, 2008
    Thanks for the info.

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