Program Appointment Follow-Up

Repaying Your Loan

Loan Payments

To make a debit card or electronic payment, contact NMCRS Loan Administration at (800) 654-8364.

If you receive an interest-free loan from the Society, you’ll sign a repayment agreement at the time you receive the funds. Repayment terms can vary, but generally you can expect:

  • Most repayments are made directly from your military pay (allotment) 
  • Your repayment period begins one to three months after you receive the loan. However, this may vary for different kinds of loans (such as emergency travel or education loans)

If you have trouble repaying your loan, make an appointment to meet with a caseworker to discuss possible changes to the terms of your loan.

You will not need to repay a Society grant or scholarship.