- Listed: August 12, 2022 4:49 pm
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Servicemembers Civil Relief Act (SCRA)
The Servicemembers Civil Relief Act (SCRA is a federal law that provides protections for military members as they enter active duty.
If you are currently serving on active duty, you are eligible to have your interest rate lowered to 6% on loans, including all student loans, taken out prior to your active duty military service. This benefit applies to both your federal and private student loans and is available for all active duty servicemembers, regardless of where you serve.
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