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08-22-2007, 12:22 PM
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#1 (permalink)
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Senior Member
Join Date: Jun 2006
Location: CT
Posts: 164
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Navy Bonus / Student Loan Question
So in short, I'm in the delayed entry program for the Navy.
I just talked with my recruiter about my student loans (about $30,000), and he said I can either take my job bonus - $40,000 - or get my loans paid off, but not both.
Anybody know any truth to that?
The bonus is for SEALS, so although I'm 100% dedicated to making it, I'm going to play it safe and get my loans paid off.
__________________
2005 R6 - Blue
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08-23-2007, 12:23 AM
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#2 (permalink)
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VSISAPUNKBITCH!
Join Date: May 2004
Posts: 4,495
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depending on the job you take, there will be different bonuses.
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08-23-2007, 08:27 PM
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#3 (permalink)
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Senior Member
Join Date: Jun 2006
Location: CT
Posts: 164
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I would have thought that bonuses were different than paying off student loans. I want both?
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2005 R6 - Blue
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08-25-2007, 08:48 AM
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#4 (permalink)
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Shu Wei
Join Date: May 2004
Location: Waipio, HI
Posts: 327
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no matter what you do depending on what you decide to do if your job has a bonus you should get a bonus. the choice you are thinking about should be wiping you college loans clean or getting a GI bill worth about 36K+ at the end of your enlistment. If you already have you degree you should just get rid of your loans. Last time i checked there was no navy bonus over 12K unless you had a degree and even then it shouldn't be over 18K or so. Are you going to be a nuke or linguist? Bottem line is it is always better to be out of debt than in debt.
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Who lives in a pineapple under the sea?
2004 R6: yosh titanium exhaust, factory pro velocity stacks, bmc race air filter, galfer stainless steel brake lines, dynojet PC3, galfer HH brake pads, proton flushmounts, fender eliminator, 8000k HIDs, pirelli diablo corsa's, puig race windscreen, pazzo levers, scotts steering damper, euro key, scorpio alarm, sprocket specialist rear sprocket, afam front sprocket, did erv30 gold chain, speedohealer, gilles rearsets, more to come...
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08-25-2007, 01:27 PM
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#5 (permalink)
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disappointed
Join Date: Feb 2006
Location: that OTHER board
Posts: 1,086
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Dude, you are getting 40k just to sign and you are complaining??? 
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This post brought to you by lack of bandwagon bashing the letter A and the number 7.
Belle>boobie pic requests --AwwsChwa
Trixx:But calling out Eli and Belle is about as dumb as it gets. Belle is just plain nice. --albinohickey
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08-25-2007, 01:34 PM
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#6 (permalink)
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Senior Member
Join Date: Apr 2005
Location: Trinity, FL
Posts: 2,146
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^Inquiring. Get it right 
He just needs all the facts before he makes his decision. I don't get a bonus.  The bonus is its something I'm interested in.
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"Ask before you assume. Know before you judge. Think before you speak." Riding a race bike is an art - a thing that you do because you feel something inside. - Valentino Rossi
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08-25-2007, 01:58 PM
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#7 (permalink)
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disappointed
Join Date: Feb 2006
Location: that OTHER board
Posts: 1,086
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I got a whopping 2 grand before taxes, but I had to go in a certain time frame and attend school and be my rate/mos for a minimum of 2 years. Id kill for 40k enlistment bonus.
__________________
This post brought to you by lack of bandwagon bashing the letter A and the number 7.
Belle>boobie pic requests --AwwsChwa
Trixx:But calling out Eli and Belle is about as dumb as it gets. Belle is just plain nice. --albinohickey
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08-25-2007, 03:25 PM
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#8 (permalink)
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Senior Member
Join Date: Sep 2006
Location: where the strawberry fields meets the ocean
Posts: 1,681
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40k bonus?
edit: your going to try to be a SEAL...good luck buddy get ready for the biggest kick in the balls of your life!
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"I use to ride F4I, I switch to R6, I say FUCK!"
Last edited by animalmutha : 08-25-2007 at 03:27 PM.
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08-26-2007, 02:45 AM
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#9 (permalink)
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Navy Guy
Join Date: Feb 2006
Location: 29 palms
Posts: 352
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I don't think they'll give you anything until you finish training. I'd never heard of anybody getting any enlistment bonus before completing school. I would look into your contract first. I mean there is a very high drop out rate at BUDS.
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09-16-2007, 03:20 PM
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#10 (permalink)
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Senior Member
Join Date: Jun 2006
Location: CT
Posts: 164
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Yes, $40k is for finishing BUD/S
What I decided is this ... to erase $33,000 in student loans, and get $7,000 bonus when I pass BUD/S. (The max they will give is $40,000)
Since I am getting rid of the loans, does that mean I dont get the GI Bill? I want to get a Masters after I get out.
PS= I ship out in less than 3 weeks! 
__________________
2005 R6 - Blue
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