R 152151Z SEP 08
MARADMIN 517/08
MSGID/GENADMIN/CMC WASHINGTON DC MRA RA//
SUBJ/FY09 SELECTED MARINE CORPS RESERVE (SMCR) OFFICER EDUCATION LOAN
REPAYMENT PROGRAM(OELRP)//
REF/A/DOC/U.S.C./YMD:20080228//
REF/B/DOC/CMC (RAP)/YMD:20080419//
REF/C/DOC/CMC (RAP)/YMD:19990310//
NARR/REF A IS TITLE 10, SECTION 16301 LOAN REPAYMENT PROGRAM: MEMBERS
OF SELECTED RESERVE, REF B IS MARADMIN 253/08 SMCR OFFICER EDUCATION
LOAN REPAYMENT PROGRAM, AND REF C IS MCO P1001R.1J, MCRAMM//
POC/F. D. GUZMAN/MSGT/CMC (RAP)/703-784-9136//
POC/DFAS-KC/SYSTEMS LIAISON AND PROCEDURES BRANCH (DFAS-JMA)/
816-926-5278/7239//
GENTEXT/REMARKS/1. IN ACCORDANCE WITH REFERENCE A, EFFECTIVE
IMMEDIATELY, THIS MARADMIN CANCELS REF B AND UPDATES THE SMCR OFFICER
EDUCATION LOAN REPAYMENT PROGRAM. THIS INCENTIVE WILL REIMBURSE UP
TO $30,000.00 OF QUALIFYING STUDENT LOANS FOR NEW OFFICER CANDIDATE
COURSE RESERVE PROGRAM ACCESSIONS. THIS INCENTIVE WILL BE PAID TO
OFFICERS WHO RECEIVE A COMMISSION IN THE SELECTED RESERVE, JOIN A
MARINE FORCES RESERVE (MFR) UNIT, AND SERVE CONTINUOUSLY WITHOUT A
BREAK IN SERVICE.
2. ADMINISTRATIVE GUIDANCE.
A. OFFICER SELECTION OFFICERS (OSO) ARE THE ONLY ENTITIES
AUTHORIZED TO SUBMIT REQUESTS TO CMC (RAP) FOR THIS INCENTIVE.
B. PRIOR TO THE APPLICANT SHIPPING THE OSO WILL:
(1) OBTAIN A WRITTEN AGREEMENT AND A LETTER TO LOAN HOLDER
FORM BY VISITING THE M&RA WEBSITE AT WWW.MANPOWER.USMC.MIL IN THE
SEARCH BOX, ENTER KEYWORD "LOAN," SELECT "SMCR OELRP," THEN "SMCR
OELRP WRITTEN AGREEMENT AND LETTER."
(2) HAVE THE APPLICANT SIGN A COMPLETED WRITTEN AGREEMENT
AND ATTACH IT TO THE ACCESSION AGREEMENT FOR RETENTION IN THE OFFICER
QUALIFICATION RECORD (OQR).
(3) HAVE THE APPLICANT COMPLETE THE LETTER TO LOAN HOLDER
FORM AND FORWARD IT TO THE FINANCIAL INSTITUTION FOR COMPLETION OF
SECTION II.
(4) SUBMIT, TO CMC (RAP) VIA ITS SECTION MAILBOX
SMB-RAP@USMC.MIL, A SCANNED .PDF COPY OF THE WRITTEN AGREEMENT AND
THE RETURNED LETTER TO LOAN HOLDER FORM.
(5) UPON APPROVAL OF THE REQUEST, A LOAN CONTROL NUMBER
(LCN) WILL BE ISSUED.
3. ELIGIBILITY REQUIREMENTS:
A. BE A NEW OFFICER ACCESSION COMMISSIONED VIA THE OFFICER
CANDIDATE COURSE RESERVE PROGRAM.
B. SIGN A WRITTEN AGREEMENT, PRIOR TO ATTENDING OFFICER
CANDIDATE SCHOOL, TO ACCEPT A COMMISSION IN THE SMCR AND SERVE WITH
A MFR UNIT.
C. AFFILIATE AND REMAIN AFFILIATED WITH A MFR UNIT AND, PER
REFERENCE C, PARTICIPATE SATISFACTORILY IN ALL SCHEDULED DRILLS AND
ANNUAL TRAINING AFTER THE COMPLETION OF PRIMARY MILITARY OCCUPATIONAL
SPECIALTY SCHOOL.
4. ELIGIBILITY DISQUALIFICATION:
A. FAILURE TO COMPLY WITH THE AFOREMENTIONED REQUIREMENTS;
B. TRANSFERRING TO THE INDIVIDUAL READY RESERVE;
C. AFFILIATING WITH THE ACTIVE RESERVE PROGRAM;
D. OR AUGMENTING TO THE REGULAR COMPONENT.
5. QUALIFYING LOANS.
A. ANY LOAN MADE, INSURED, OR GUARANTEED UNDER PART B OF TITLE
IV OF THE HIGHER EDUCATION ACT OF 1965 (20 U.S.C. 1071);
B. ANY LOAN MADE UNDER PART D OF SUCH TITLE (THE WILLIAM D.
FORD FEDERAL DIRECT LOAN PROGRAM, 20 U.S.C. 1087A);
C. ANY LOAN MADE UNDER PART E OF SUCH TITLE (20 U.S.C. 1087AA);
D. OR ANY LOAN INCURRED FOR EDUCATIONAL PURPOSES MADE BY A LENDER
THAT IS:
(1) AN AGENCY OR INSTRUMENTALITY OF A STATE;
(2) A FINANCIAL OR CREDIT INSTITUTION (INCLUDING AN INSURANCE
COMPANY) THAT IS SUBJECT TO EXAMINATION AND SUPERVISION BY AN AGENCY
OF THE UNITED STATES OR ANY STATE;
(3) A PENSION FUND APPROVED BY THE SECRETARY OF THE NAVY;
(4) OR A NON-PROFIT PRIVATE ENTITY DESIGNATED BY A STATE,
REGULATED BY SUCH STATE, AND APPROVED BY THE SECRETARY OF THE NAVY.
6. PAYMENT PROCEDURES.
A. OFFICERS MUST ENGAGE THEIR SERVICING PERSONNEL ADMINISTRATIVE
CENTER ON THE ANNIVERSARY OF THEIR COMMISSIONING TO PROCESS THEIR
COLLEGE LOAN REPAYMENT.
B. COLLEGE LOAN PAYMENTS WILL BE MADE BY DFAS-JMSB/KC TO THE
LOAN LENDER, NOT TO THE SMCR MEMBER. UPON EACH COMPLETED YEAR OF
SERVICE, THE RESERVE ADMINISTRATIVE UNIT IS TO FORWARD THE BELOW
DOCUMENTATION TO DFAS-KC FOR PAYMENT. SUBMIT TO:
CKCPAYROLLSERVICES&TSP@DFAS.MIL OR RIGHTFAX (816) 926-8944.
(1) NAVMC 11116, (MISCELLANEOUS MILITARY PAY ORDER/SPECIAL
PAYMENT AUTHORIZATION) REQUESTING THE AMOUNT OF PAYMENT FOR SMCR
OFFICER EDUCATION LOAN REPAYMENT PROGRAM.
(2) CERTIFIED TRUE COPY OF THE WRITTEN AGREEMENT.
(3) RETURNED LETTER TO LOAN HOLDER FORM.
(4) STATEMENT FROM THE LOAN LENDER PROVIDING THEIR NAME,
ADDRESS, SERVICE MEMBER’S LOAN NUMBER, FULL NAME, SSN, AND CURRENT
LOAN REPAYMENT AMOUNT.
C. PARTICIPANTS ARE REMINDED THAT STUDENT LOAN PAYMENTS MADE
ARE TAXABLE AND WILL INCREASE A MEMBER’S FEDERAL AND STATE WAGES
IN THE YEAR THAT THE PAYMENT IS MADE.
D. REPAYMENT OF ANY SUCH LOAN SHALL BE MADE ON THE BASIS OF
EACH COMPLETE YEAR OF SERVICE PERFORMED BY THE BORROWER.
E. THE PORTION OR AMOUNT OF A LOAN THAT MAY BE REPAID IS 15
PERCENT OR $500, WHICHEVER IS GREATER, FOR EACH YEAR OF COMPLETED
SERVICE PERFORMED BY THE BORROWER, PLUS THE AMOUNT OF ANY INTEREST
THAT MAY ACCRUE DURING THE CURRENT YEAR.
F. IF A PORTION OF A LOAN IS REPAID FOR ANY YEAR, INTEREST ON
THE REMAINDER OF THE LOAN SHALL ACCRUE AND BE PAID IN THE SAME
MANNER AS IS OTHERWISE REQUIRED.
G. ANY INTEREST THAT HAS ACCRUED ON THE LOAN FOR PERIODS BEFORE
THE CURRENT YEAR SHALL BE CONSIDERED AS WITHIN THE TOTAL LOAN AMOUNT
THAT SHALL BE REPAID.
H. NOTHING IN THIS PROGRAM SHALL BE CONSTRUED TO AUTHORIZE
REFUNDING ANY REPAYMENT OF A LOAN.
7. RELEASE AUTHORIZED BY BGEN J.M. LARIVIERE, DIRECTOR,
RESERVE AFFAIRS DIVISION.//