MIL does OCS pay?

Discussion in 'On Topic' started by jehan60188, Jul 4, 2009.

  1. jehan60188

    jehan60188 New Member

    Joined:
    May 25, 2006
    Messages:
    1,509
    Likes Received:
    0
    I really want to be a ship's captain (especially now after the North Korean launch today), and I think Navy OCS is my best option, however I have certain financial obligations that I must continue to fulfill (pay off LOTS of stupid debt) during that time.

    so I need to know if I can keep taking in a paycheck, or if I need to save up money, and pay if off through savings until I take in a paycheck

    thanks!


    edit: just googled it: http://answers.yahoo.com/question/index?qid=20080611114403AAjUntU
    seems like i'll make (more than) enough to be able to fulfill my financial obligations (under the assumption that i'm provided with food/shelter during OCS)
     
    Last edited: Jul 4, 2009
  2. kazimer

    kazimer New Member

    Joined:
    Mar 13, 2002
    Messages:
    27,714
    Likes Received:
    0
    Location:
    Maryland
    Wirelessly posted via wap.offtopic.com (Palm Centro: Mozilla/4.0 (compatible; MSIE 6.0; Windows 98; PalmSource/Palm-D062; Blazer/4.5) 16;320x320)

    this speaks for army ocs and I am sure its almost identical in the other services.

    you are provided with everything you need. tricare, food, shelter and pay. army ocs pays candidates at the grade of E5. also with the student loan changes..you can defer until you commission and after 10 years of military service, your loan debt will be forgiven on any remaining balances. this is effective oct 2007
     
  3. Zee

    Zee New Member

    Joined:
    Aug 25, 2002
    Messages:
    16,347
    Likes Received:
    0
    Location:
    Becker, MN
    E-4 Pay I think until graduation at least for AF:dunno:
     
  4. Ninja

    Ninja OT Supporter

    Joined:
    Oct 15, 2002
    Messages:
    7,839
    Likes Received:
    11
    Location:
    Lost
    http://www.military.com/Resources/ResourcesContent/0,13964,44245--,00.html

    All officers (non prior service) with student loans are eligible for SLRP. However, you must give up the GI bill to get it. Pays up to $65,000 in student loans over the course of your contract.

    I just signed a contract/swore in with the Army on Wednesday to attend OCS. Will be receiving E5 pay throughout OCS. The Army pays 1/3 of your student loans each year, so that at the end of your 3 year active contract, the student loans are paid off.

    AF is also E-5 pay.
    http://www.au.af.mil/au/holmcenter/OTS/BOT/Financialinfo.asp

    edit- after searching, all branches pay E-5 for OCS/OTS
     
  5. Zee

    Zee New Member

    Joined:
    Aug 25, 2002
    Messages:
    16,347
    Likes Received:
    0
    Location:
    Becker, MN
    They must have raised it to help out the poor college students
     
  6. Mr. Monopoly

    Mr. Monopoly OT Supporter

    Joined:
    Jul 8, 2004
    Messages:
    6,955
    Likes Received:
    2
    Location:
    Advancing to Boardwalk
    If it's like AF OTS, it pays once you're there, but you might have a pretty sizeable investment up front. Mine is around 2 grand for uniforms, supplies, etc. That's 2000 reasons to make sure you don't fail when you get there though. :hs:
     
  7. Bounty15

    Bounty15 OT Supporter

    Joined:
    Jan 6, 2005
    Messages:
    164
    Likes Received:
    0
    Going to take you a good 15-20 years before you get your own ship though... and it's not like you'll be able to go around sinking any North Korean ships you see...

    Also, try not to default on any loans or anything... it can create serious problems for any career you might be interested in.
     
  8. kazimer

    kazimer New Member

    Joined:
    Mar 13, 2002
    Messages:
    27,714
    Likes Received:
    0
    Location:
    Maryland
  9. jehan60188

    jehan60188 New Member

    Joined:
    May 25, 2006
    Messages:
    1,509
    Likes Received:
    0

    i did the research, and decided I'm ready to commit to 4 years; if I like the lifestyle, I'll commit through to getting a ship of my own

    and haha, yah i don't plan on attacking north korean ships any time soon, I just want to help in dealing with their aggression
     

Share This Page