The GI Bill/Montgomery College Fund

The Army also provides a variety of other financial aid programs, the most popular of which is the Montgomery GI Bill. Full-time students can earn $9,400 for college and more than $22,000 in salary just by serving part time over a six-year enlistment period. You can also earn up to an additional $350 more per month depending on your job in the Army. Full-time soldiers can receive up to $28,800 in educational support through the G.I. Bill.

Soldiers are also entitled to the benefits of the College Loan Repayment program, which is an excellent way to defray the cost of long-term financing. Full-time soldiers can receive up to $65,000, while reservists can earn a maximum of $20,000 in order to pay off their federally insured loans. These amounts are contingent upon the length of enlistment and the soldier's Military Occupational Specialty.