AFAS Education Loan Program

Knowing incidental college expenses for books, fees and supplies can pose a hardship for families already coping with high tuition and room and board costs, the Society offers an interest-free loan to help reimburse families for these kinds of expenses.

This loan is open only to dependents of regular Active Duty and Retired members who applied for the 2013-2014 General Henry H. Arnold Education Grant, as their eligibility has already been verified through the grant application process, and AFAS has the ability to collect repayment by allotment directly from the members’ military/retired pay. Maximum dollar amount for each full-time dependent undergraduate student is $1,000, regardless of whether or not they received the need-based Arnold Grant.

AFAS provides the loan applications to identified applicants in August, with an application deadline of October 1st. Checks will be disbursed by AFAS no later than mid-October. Repayment by allotment will be automatically started by AFAS and run for a 10-month period beginning November 15th for Active Duty, and December 1st for Retirees.