Military Service Benefits (for loans)



  • How does the Servicemembers Civil Relief Act affect my student loan interest rates?

    During your period of active duty, the Servicemembers Civil Relief Act (SCRA) establishes a maximum interest rate of 6% on any student loans borrowed by you prior to your military service. This student loan interest rate also applies to any private education loans you may have borrowed prior to your service dates.

What do I need to send my lender in order to qualify for the Servicemembers Civil Relief Act interest rate cap of 6%?>