Chapter 7: Section 2 Flashcards
What is the criteria for qualifying for LRP
a. Non-prior service.
b. High school diploma graduate (HSDG) (Tier 1).
c. Achieve a minimum AFQT score of 50.
d. Qualify for and enlist in one of the LRP qualifying ratings.
e. Eligibility continues if a service member is reassigned to a different, eligible rating.
Loans must meet what criteria for repayment?
a. Must have been made towards the education of the applicant.
b. Must qualify under part B, D, or E of Title IV of the Higher Education Act of 1965 (20 U.S.C. 1071 et seq; 1087a et seq; 1087aa et seq). Federal Parent PLUS Loans are authorized when the master promissory note clearly identifies the service member as the dependent.
c. Must have been made after October 1, 1975 and before the applicant’s active duty service date.
LRP must be requested through what?
A. PRIDE Mod II.
B. Prinde
C. PRIDE
D. PRIDE Mod I
A. PRIDE Mod II.
Initial requests for LRP in PRIDE Mod II must be submitted at least____ before shipping
A. 40 days
B. 60 Days
C. 30 Days
D. 70 Days
D. 70 Days
What is the total amount the navy will pay in LRP?
A. $60,000
B. $65,000
C. $55,000
D. $50,000
B. $65,000
Are loan repayments subject to taxes?
A. Yes on state
B. Yes on federal
C. No
D. Yes on federal and state
D. Yes on Federal and State.
Service members who receive a commission or warrant appointment or are selected to any pre-commissioning programs_______.
lose their LRP eligibility
What is the percentage of incentive payments made to members lenders?
A. 33 1/3
b. 33
C. 45.5
D. 50
A. 33 1/3
Payments will be made within how many days after the member’s anniversary of their active duty service date.
A. 30
B. 40
C. 60
D. 50
C. 60
What form form is used for LRP?
A. DD 200
B. DD577
C. 1650
D. DD2475
D. DD 2475
What is the minimum asvab score needed for LRP?
A.45
B.50
C.55
D.60
B.50
