STUDENT LOAN REPAYMENT Program
(SLRP)
frequently Asked Questions
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I received the Student Loan Repayment Program (SLRP) when I enlisted.  How do I get the
payments started to my lender?

Most questions about your Student Loan Repayment Program (SLRP) can be answered by referring to the last
page of your SLRP Addendum.  The SLRP Addendum is the SLRP program contract that you signed when you
enlisted.  You can retrieve a copy of your SLRP Addendum from the IPERMS online personnel records site.  If you
do not know how to access IPERMS, you can click here to get instructions on how to access the IPERMS site.  The
National Guard does not make the first payment until the service member has been on contract (enlisted) for one
year and has completed Basic Training and Advanced Individual Training (AIT).  Additionally, this is done only at
the service members  request.  No request, no DD Form 2475, no payment.  The National Guard does not send
any documentation to the lender separately, ahead of time, or on their own.  This is strictly between the service
member and the lender to work out the payment.  Defense Finance and Accounting (DFAS) sends a hard check to
the lender based on 15% of the principal.  The National Guard does not pay additional funds for the finance fees or
annual percentage rates.  

Any payments required by the lender are between the lender and the service member.  The National Guard has no
input on the lenders decision.
Student Loan Repayment Program (SLRP)                                                                     As of:  11 Jan 07
Step-By-Step

1-  90 days BEFORE the applicant reaches his one year anniversary of enlistment he advises his Readiness NCO
of the upcoming date of enlistment (DOE) anniversary and requests the Readiness NCO to email the SRIP
Manager requesting a DD form 2475.

2-  The SRIP Manager will complete his section of the form and return the form to the Readiness NCO.

3-  The RNCO will contact the soldier and the soldier will get the DD2475 to the Lending Institution for them to
complete their portion.   THE LENDING INSTITUTION RETURNS THE DD FORM 2475 DIRECTLY TO THE SRIP
MANAGER FOR PROCESSING.

4-  On or soon after the anniversary the SRIP manager will submit the DD2475 for a payment of 15% of the original
loan amount to the Lending Institution.

Responsibilities

Soldier-Advise the Readiness NCO of the upcoming Anniversary date. Get the DD form 2475 from the Readiness
NCO and to the Lending Institution. To contact the Lending Institution and work out any and all details of the
payment plan.

Readiness NCO- to contact and advise the SRIP Manager of the upcoming anniversary date. Get the DD form
2475 to the soldier and return the completed form to the SRIP Manager

Payment- The NCARNG approves payment and submits it to DFAS who sends payment in the form of a check via
US Mail directly to the Lending Institution. This is done ONCE a year. It is the soldier’s responsibility to keep the
Lending Institution advised of this and to work out any details in regard to the payment plan.

If you have any questions about the payment process for the Student Loan Repayment Program be sure to contact
your unit Readiness NCO.


Click here to down load a printable copy of the SLRP Step by Step instructions.

Click here to down load a copy of the DD form 2475