Navy HPLRP (direct accession)

[xc1999]

Hi everyone,

I'vebeen thinking about going through this route to help pay back my student loans. And from what I see, its UP TO 40,000 in loan repayment every year. I was wondering if anyone went this route, and i you did, what determines how much you'll actually get in loan repayment?
thanks all!

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[teeth63a]

I know you're asking on the Navy side, but as for the Army, you sign the contract, perform your yearly obligation, then submit an application at your anniversary date. In other words, your incentive is paid after your yearly performance, unlike an accession bonus, which is up front. You provide the lender information, and the money goes directly to the lender. 3 year maximum benefit, $20,00 the first year, $20,000 the second year and $10,000 the last year.

 

[xhamburgersamx]

This might not be 100% accurate, but a guy I met signed up through the direct accession ARMY which was 4 years active with a $75000 bonus that could be applied toward loans (minus tax of course) and an optionally 3 year additional active duty for another lump sump bonus. Could you apply for additional repayment in loans as well?

 

[teeth63a]

That would be correct... that's the dental officer accession bonus for those going on active duty.

What he's talking about after that is the Healthcare PRofessional Bonus (ARNG) and Special Pay bonus (Reserves) which are bonuses that pay money up front and can get a max benefit of 3 years, and $75,000 bouns. Each is a yearly contract (I've been told by the ARNG recruiter) with a $25,000 bonus each year.

I can't take more than one bonus at a time, so I'm finishing my HPSP obligation this year, then will probably take the HPB bonus from the ARNG for the next three, and then the HPLR for three years after that.

Sorry xc that army guys hijacked your thread!

 

[xc1999]

I realize you are talking about the army side, but what exactly does the "yearly performance" consist of? while reading the threads, I read stuff about "fitness reports" and "administration stuff". So I'm assuming the amount that you could get is directly related to your performance in those areas?

Thanks a lot for the reply back!

 

[boilermaker05]

"If you do not want to do a 4-year commitment. If that is the case then you can take 3-years of HPLRP and only owe a 3-year commitment. You do not have to wait until the MTOS (Minimum Terms of Service) is complete in order to apply for HPLRP, they are served concurrently."

Hope that helps!

 

[teeth63a]

I realize you are talking about the army side, but what exactly does the "yearly performance" consist of? while reading the threads, I read stuff about "fitness reports" and "administration stuff". So I'm assuming the amount that you could get is directly related to your performance in those areas?

Thanks a lot for the reply back!

I'm assuming you're talking about reserves. If so, your yearly performance (at least in the army) is 1 weekend drill a month and a two week Active Duty Training. Now what you do at these drills is dependent on what kind of unit that you're attached to. If you're in a field unit (TOE) you'd probably do a lot more field dentistry training (setting up field equipment), if you're in a clinic type unit (TDA) you may be doing clinical dentistry. Also, you'd be expected to learn basic solider skills, qualify with a weapon, pass your personal fitness tests, etc. I have a friend in a National Guard medical detachment (TDA) and the bulk part of his drills consists of doing yearly exams of the soildiers in the brigade.

How this relates to the Air Force, I have no idea tho.

 

[AFDDS]

HPLRP (Health Professions Loan Repayment Program) is currently paying close to $40K (minus taxes) per year toward your student loans. In the AF, you must be on AD for at least 6 months before you are eligible for it and it is only available in 2 year increments for a max of 4 years of benefit. I'm not sure if all of these rules apply to the Navy or not, but federal laws limits you to 4 years of tuition assistance. Hence 4 year HPSP students aren't eligible. Also, it will only pay up to 72% of your loans. In other words, if you have $80K in loans and take a 2 year HPLRP you will only receive $57.6K (before taxes) toward your loans. It has something to do with double dipping on the federal taxes or something like that, but its in federal law. Don't ask me to explain it all, I just know its there.

 

[xhamburgersamx]

How would this work if you were on a 3 year HPSP. Would you be eligible for the loan repayment ?

 

[silvertooth]

HPLRP is targeted to direct accessions, but it has been available to anyone due to lack of applicants. You should be aware that the additional commitment you sign up for is served consecutively and not concurrently. This will mean that if you intend to sign up for the multi-year retention bonus that you will have to wait until your prior obligations are completed. That includes the Advanced Clinical Practice bonus (35k tier 4 MYRB) following AEGD. The general rule is that the HPLRP is available for up to three years but it can be extended with an exception to policy based on verification of significant student loan debt. The amount has gone up every year for the last three years from about 30K to nearly 40k per year right now. This will also effect your tax situation as it is counted as income. I'd recommend that you look into the College Cost and Reduction Act of 2007 to find creative ways to approach student loan debt. The highlight is that you consolidate your federal student loan debt and make 120 payments (10 years) while serving in the military at a reduced payment based on your taxable income and the remainder is forgiven. Its a great deal if you deploy (the payments drop to $5/month) and if you will specialize and hit the 10 year mark in the Army. Just be sure to look at all your options.

 

[teeth63a]

HPLRP is targeted to direct accessions, but it has been available to anyone due to lack of applicants. You should be aware that the additional commitment you sign up for is served consecutively and not concurrently. This will mean that if you intend to sign up for the multi-year retention bonus that you will have to wait until your prior obligations are completed. That includes the Advanced Clinical Practice bonus (35k tier 4 MYRB) following AEGD. The general rule is that the HPLRP is available for up to three years but it can be extended with an exception to policy based on verification of significant student loan debt. The amount has gone up every year for the last three years from about 30K to nearly 40k per year right now. This will also effect your tax situation as it is counted as income. I'd recommend that you look into the College Cost and Reduction Act of 2007 to find creative ways to approach student loan debt. The highlight is that you consolidate your federal student loan debt and make 120 payments (10 years) while serving in the military at a reduced payment based on your taxable income and the remainder is forgiven. Its a great deal if you deploy (the payments drop to $5/month) and if you will specialize and hit the 10 year mark in the Army. Just be sure to look at all your options.

So the ADHPLRP is an active duty incentive, whereas the reserve HPLR pays out only the 20/20/10 over three years....

It sounds like this is good option for students who did or could not get the HPSP, since they can get the Health Professions Bonus ($75,000) in addition to the ADHPLRP...?