Montgomery GI Bill/Navy College Fund

If academic scholarships are out of reach and huge student loans are too much of a burden, the Navy may be able to help with their extensive enlistment packages. The most popular option is the G.I. Bill, which earmarks $100 per month for tuition. College graduates also receive up to $23,400 for education payments once their active duty is over.

High school graduates that score above 50 on the ASVAB (Armed Forces Vocational Aptitude Battery) exam may also be entitled to an extra $15,000 from the Navy College Fund on top of their GI Bill benefits. Students that qualify for other specialties such as the Nuclear or Submarine Electronics Computer Field can reap even more benefits from the fund, up to $50,000. The Navy will also credit you with up to $10,000 in college loan repayments if you enter into one of these more rigorous academic programs.