US Navy targets indebted Americans

Posted On: Oct 4, 2022   |   Posted By: RT

US Navy targets indebted Americans

Pentagon hopes to attract new sailors by paying off up to $65,000 in student loans
With enlistment bonuses as high as $50,000 apparently not enough to lure enough would-be sailors to join up, the US Navy is trying a new tactic by targeting Americans drowning in debt: offering to pay off their student loans.
Recruits who are willing to ship out by September 30 and meet other requirements will be eligible for as much as $65,000 in loan repayments, bringing their total bonus potential to $115,000, the Navy announced on Saturday. The offer applies to new sailors and to veterans who seek to return to service and who didn't receive a bonus for their first enlistment.
“This is an opportunity without precedent” that could be “life-altering” for those burdened by student loans, said Navy Recruiting Command chief Rear Adm. Lex Walker. Nearly one in five US adults has student loan debt, averaging around $30,000. The country's student borrowings total nearly $1.75 trillion.
The offer comes just six months after the Navy...

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