What is Co-Managed Care for Veterans?

Navy-Marine Corps Relief Society Educational Loan Programs

The Navy-Marine Corps Relief Society (NMCRS) is an independent non-profit organization started in 1904. Sponsored by the U. S. Navy, it offers a variety of services, including financial assistance for education in over 250 locations across the United States and the world, both on land and at sea.

The NMCRS offers three educational loan programs; the Admiral Mike Boorda loan program, the Vice Admiral E.P. Travers loan program, and the Spouse Tuition Aid Program. All loans carry no interest and are based on financial need.

The Admiral Mike Boorda loan program is only for Marines or Sailors in the Marine Enlisted Commissioning Education Program or the Medical Enlisted Commissioning Program. The enlisted personnel must be attending an accredited institution full time, working towards an initial undergraduate degree. Loans range from $500 to $3000, to be paid back in a military pay allotment within three month of commissioning. Loans are only good for one school year, but personnel may apply for a new loan each year in school.

The Vice Admiral E.P. Travers loan program is for spouses of active duty Sailors or Marines or children of a retired , reservist on extended active duty, or active duty Sailor or Marine. Like the Boorda loan program, the loans range from $500 to $3000 and repayment made through a military pay allotment, but this time within 24 months of receiving the loan. Similarly, these loans are only good for one school year but may be reapplied for the next school year.

The Spouse Tuition Aid Program is only for spouses stationed overseas with their military sponsor. Spouses can attend school either part- or full-time. This program requires direct contact with the Far East, Caribbean, or Europe/Middle East office closest to the duty station. It also requires the participation of the military sponsor, through their presence or official authorization. In addition to the application, you must fill out a budget form at the NMCRS office. Loan amounts may be awarded up to $3000. Repayment of these loans begins immediately.

All three programs are designed to facilitate military servicemen and women and their dependents reaching their educational goals by lending a temporary financial helping hand. There are additional requirements for each program, such as a copy of the Free Application for Federal Student Aid (FAFSA) and/or transcripts. Please read each application thoroughly and don’t hesitate to ask questions of the NMCRS representatives. They are there to, and more importantly want to, help you.

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