womeninblack wrote:I think that what Esquire is saying is that $65k isn't the amount that will actually be applied to the loans. In theory, the amount is $65k, but I read a PowerPoint (http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&uact=8&ved=0CDMQFjAC&url=http%3A%2F%2Fmicahmcmillan.files.wordpress.com%2F2009%2F11%2Fja-slrp-slides-26-may-2010-webcast.ppt&ei=nNUdU8OyNcehkQfugoCACA&usg=AFQjCNEBh3bfoib6-AqlVdfa4-2lg-FXfA) that said that after taxes, the amount is about $45k that is actually paid to the loan provider.
I enlisted for an initial term of 3 years for the $65k SLRP, the full $65k was applied to my loans. Come tax time each year, I received a tax document showing additional income of about $21k for the annual SLRP payment as taxable income. I then reenlisted for another term which gave me the Post 9/11 GI Bill at 100%. Keep in mind, I enlisted in 2005, so the stipulations for the SLRP may have changed. I'm currently finishing up my Army Recruiting duty and we have all but eliminated the option for SLRP except in the most rare of cases.