Sunday, May 30, 2010

Sigh......No Loan Repayment for Us :(

I am somewhat bitter about this to be honest. The loan repayment program is great for all of you that do get to benefit. It will make life a lot easier when it comes to paying those monthly loan payments. Those JAG's that started JASCO in October 2009 will be the first JAG's to receive the $65,000 over a 3 year period. That's the FANTASTIC news for ALL NEW JAG's.

This is where I get a little bitter. Top Gun was scheduled to start in October 2009 but then an opening came up in the May 2009 class last minute (literally with 4 weeks notice) and he was offered that spot since he'd been in the works to start for months. Even though I was about to have our third baby we jumped on the opportunity to start earlier b/c Top Gun had already been out of law school for a year and was eager to begin his career. That decision just cost us $65,000!!!! Wouldn't you be bitter for a day or two also?? I mean I am happy and we love where we are at and I know we are suppose to be here at this very moment's still hard to swallow. I will be over it tomorrow, I promise ;)

Oh and HAPPY MEMORIAL DAY tomorrow!!!

Monday, May 24, 2010

Loan Repayment program for New JAG's

Finally the Air Force is catching up with the Army in their loan repayment program. The Air Force is talking about helping the new attorney's with their law school loans. Top Gun said that there is suppose to be a Web Cast coming in the next couple weeks regarding this issue with all the details on the rules and regulations surrounding it. However, this is what it basically looks like what will be offered.

Over the first 3 years a new JAG can expect to get $65,000 paid to them to go toward paying off school loans. A third of $65,000 will be distributed each of those 3 years. But let's say you only had $40,000 in loans, well then you're only going to get $40,000 from the Air Force. It's my guess that you'll have to show that you paid the amount toward your loan as well. They'll likely want proof that you actually are putting the money toward school loans. I'll keep you all updated as the matter continues to develop and unfold. This is GREAT news though!!!!!