Careers: Military--Army, Navy, Airforce, Marines, Coast Guard/Finances

Advertisement


Question
I was reading Soldiers and Sailors Relief Act. If you volunteer for active duty does the 6% interest rate apply to all  pre service debt?

Answer
Tim -

Although I wish the Soldiers and Sailors Relief Act worked that way, if it did, you would have hoards of people joining the military to legally get out of paying their debts.

The purpose of the act is to provide relief to RESERVISTS, who normally have regular jobs and live within their means, that find themselves in financial straits as a result of being called to active duty.  It isn't difficult to have a job or profession that pays substantially better than your active duty pay.  If would be unfair to find yourself having your credit rating destroyed and being penalized for not being able to make your payments while serving your country.

I hope this answers your question.

Sincerely,
James Bell

Careers: Military--Army, Navy, Airforce, Marines, Coast Guard

All Answers


Answers by Expert:


Ask Experts

Volunteer


James Bell

Expertise

I am a retired MSgt (2004) with 24 years experience in the aircrew career field, both as a loadmaster (AFSC 1A2x1) and flight engineer (AFSC 1A1x1). I have been to every continent at one time or another, and regularly flew 300 to 500 hours a year. I have been involved in the operations in Grenada, Panama, Kosovo, Afghanistan and Iraq. I can answer most questions you may have about enlisted Air Force life in general, assignments, benefits, and enlisted aircrew operations. NOTE: If you have specific recruiting and/or medical questions about how to get into this career field as a civilian, they have changed since my time, so that is best answered by a recruiter or MEPS. I can answer questions about military personnel wanting to RETRAIN. If you are asking about being an Air Force pilot, please be advised my area of expertise is ENLISTED aircrew operations, NOT OFFICERS.

Experience

Loadmaster (AFSC 1A2x1): 7 years - 2,000 hours - C-5A Galaxy cargo plane. Flight Engineer (AFSC 1A1x1C): 7 years - 2,500 hours - C-141B Starlifter cargo plane, 10 years - 3,800 hours - KC-10A Extender aerial tanker. Served as aircrew Flight Instructor, Flight Evaluator and Training Manager

Education/Credentials
Aircraft Loadmaster Initial Qualification - 1980. Mission Qualification (C-5A) - 1981. Fixed Wing Aircraft Performance Course - 1987. Initial Flight Engineer Qualification (C-141B) - 1987. Mission Qualification (KC-10A) - 1988. KC-10 Initial Qualification Course - 1994. Mission Qualification (KC-10A) - 1995. Instructor Qualficiation (KC-10A) - 1997. Evaluator Qualification (KC-10A) - 2000.

©2012 About.com, a part of The New York Times Company. All rights reserved.