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- Mar 12, 2013
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Ya it's a lotta debt, and i'm kinda concerned about it as well but i also feel like just wanting to walk away debt free probably isn't the best reason to join the military (not saying this was your motive or anything just ones of the reasons I ultimately decided against the military). Yes it's nice to walk away from school debt free but ultimately you owe the military some time and will be compensated less than your colleagues while you are serving your time. I feel like you should only pursue HPSP if you truly want to be in the military, and when I sat down to think about it I decided that I wouldn't enjoy being in the military so I nixed the idea for myself.
I agree with this 110%. I actually sat down and ran some numbers and the only way that it financially makes sense (if your sole reason is doing HPSP is for the money deal) is if you are going to be pursuing a lower paying specialty. If you are wanting to specialize, after the years that you give the military making peanuts, you will be quite a bit behind where you would be if you would have just taken the debt and paid it off.