Marine 2nd Lt. awaiting orders for The Basic School, wont be able to pay loans after grace initial grace period passes
I was commissioned a 2nd Lt. in the Marine Corps shortly after graduating college with an engineering degree. I volunteered to serve and owe the government nothing for joining (didn’t do ROTC or anything like that). As a result, i have been left with substantial debt from my school loans, all of which are federal loans.
Right now in the corps, there is a 12+ month wait to attend The Basic School, its the next step in a newly commissioned marine officer’s career. I don’t start getting paid until i report to TBS. So that’s a 12 month wait, with no job, but the grace period is only 6 months. Hence my situation. I have a part time job (no one would hire an engineer full time on the basis i would leave on a moments notice). That part time job job barely pays for my basic living costs. I have no idea what to do. People say I can deffer my payments, but i don’t know how to start that.
What are some ways to lessen my loans?
Are there any post-college scholarships or grants available to me? Or programs that help marines with college debt?
Thanks, anything helps
Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.
Thank you for serving as a U.S. Marine. Semper Fi indeed.
I actually need some additional information first.
Are these student loans private loans or government backed loans?
Please post your responses and follow-up messages to me on this in the comments section below.
- We Rise From the Dead Yet Again – Podcast - October 2, 2023
- Lexington Law Credit Repair Gets Hammered in Lawsuit Settlement. If You Sell Credit Repair – Wake Up! - August 28, 2023
- People That Got Scammed by Robocall Debt Relief Company Life Management Services of Orange County to Get Money Back - July 7, 2023