![]() The payment is given on the anniversary date upon completion of a successful year. This benefit is available to any new or prior service members who have a Federal guaranteed loan. The maximum amount that any individual can receive over the lifetime of the program is $20,000. The amount of the payment is 15% of the outstanding balance or $500 per each qualifying loan, whichever is greater, up to $3,500 a year. You are required to enlist for a minimum of six years in one of the critical AFSC’s and complete all required training.įor each year of service the Air Force will send a one-time payment directly to the institution in which your loan is arranged with. Individuals must join the Air Force Reserve component into one of the Air Force Reserve Enlisted Master Incentive Listing with Critical Shortage. This Air Force Reserve Repayment Program will assist with student loan repayment for every year that an individual joins the Air Force Reserves. The Student Load Repayment Program is a bonus that individuals take advantage of upon enlisting and receive the benefits upon each successful year completed. The opportunities mentioned above are programs offered after enlistment, not bonuses that encourage enlisting. These programs assist with tuition after a certain amount of time as an enlisted or reserve Air Force member. If you join the Air Force there are Student Loan Repayment options including the Montgomery GI Bill (reserved and Active Duty) and Enlisted Incentive Program. These bonuses are subject to change as in-demand needs are met.īonus amounts vary between career fields based on Air Force needs. SERE- Survival, Evasion, Resistance and Escape (SERE).The list below includes career specific bonuses that may be available. The below career fields may currently offer bonuses, but check with your recruiter as the needs for the Air Force can change.īonuses will be offered for those who enlist into the in-demand positions. Related Article: How To Join The Space Force 3. You can find the exact amount available by talking with your recruiter. ![]() The bonus amounts vary between position and situation. To obtain highly qualified individuals in these specialties, the Air Force has offered bonuses for the Airborne Linguist, Crypto Linguist and Explosive Ordnance Disposal positions in 2021. These career fields require intensive training and have high-risk job functions. Airborne/Land Based Linguist & EODĪirborne/Land Based Linguist and EOD specialties are in high demand. The maximum amount authorized is $100,000.00 per a zone.Ī complete list of AFSC positions and zones can be found here. It is based on a calculation of one month salary multiplied by the number of years of reenlistment times a multiplier for the career/years of service. The amounts of the bonus verify based on the type of AFSC. Reenlistment must be done at their home station and can be conducted by any Officer. Individuals who qualify will receive a monetary incentive to stay as active-duty.Īirman must re-enlist into the specialty they are currently in and must serve in that specialty for the duration of that enlistment period. The Air Force is set to spend over $55 million ( source) on this program in 2020. The hope is to keep individuals in those positions who have experience, versus bringing in new recruits. This decision was made to retain individuals in areas that are considered undermanned. Their Selective Retention Bonus is offered to over 35 different Air Force specialties this year. The Air Force has announced their Retention Bonus program for the fiscal year 2021. Retention Bonus Air Force aircraft in Kuwait.
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