Menu +

Education Assistance

APPLICATIONS FOR THE 2017-2018 ACADEMIC YEAR ARE CLOSED

APPLICATIONS FOR THE 2018-2019 ACADEMIC YEAR WILL BE AVAILABLE November 1, 2017

INTEREST FREE LOANS AND GRANTS

The Society’s Education Assistance Program offers interest-free loans and grants for undergraduate/post-secondary education at an accredited 2- or 4-year education, technical or vocational institution in the United States. This financial assistance is available for children of active duty, retired or deceased Sailors and Marines; and for spouses of active duty and retired Sailors and Marines.

Eligibility Requirements --

Applicants MUST be one of the following:

  • child (under age 23 on May 1, 2018) of an active duty, retired or deceased Sailor or Marine
  • spouse of an active duty or retired Sailor or Marine
  • MECEP/MECP student

And all students must be:

  • Registered in DEERS (Defense Eligibility Enrollment Reporting System)
  • Enrolled, or planning to enroll, as a full-time student for the entire year (Aug-May) and pursuing initial undergraduate degree at a post-secondary, technical, or vocational institution that is:
    • Located in the United States
    • Accredited by a regional/national accrediting agency recognized by the U.S. Secretary of Education
    • A participant in the U.S. Department of Education Title IV Financial Aid Programs
  • Have a cumulative 2.0 or better GBA on a 4.0 grade scale
  • Able to DEMONSTRATE FINANCIAL NEED

Program Details:

  • Interest free loans and grants range from $500 to $3,000 per academic year
  • Amount to be provided to each applicant will be determined by NMCRS
  • Funds are payable and provided to the student’s academic institution, not the student
  • Funds are to be used only for tuition, books, fees, room, and board
  • Repayment of interest free loans must be by military payroll allotment within 24 months of the loan disbursal (repayment of interest free loans for MECEP/MECP must be within 48 months following receipt of a military commission)
  • Repayment allotments must begin September 1, 2018 (or the month following receipt of a military commission for MECEP/MECP students)
  • Students must complete a new application for each academic year

Stay Informed