utak
Registered User
Hello all,
I was enlisted with the College Loan Repayment Program, which says that with the first year the Navy pays 1/3 of your student loans, then 1/2 the second year, then the remainder in the third. I wasn't paid my first year, then I got this huge backpay thing on my second year, then I was sent to OCS.
I was told that the lumpsum the Navy paid for my student loans is taxable, when I do my taxes and bring my W-2 to the tax dude, what paperwork do I need to bring in respect to my student loans?
I was enlisted with the College Loan Repayment Program, which says that with the first year the Navy pays 1/3 of your student loans, then 1/2 the second year, then the remainder in the third. I wasn't paid my first year, then I got this huge backpay thing on my second year, then I was sent to OCS.
I was told that the lumpsum the Navy paid for my student loans is taxable, when I do my taxes and bring my W-2 to the tax dude, what paperwork do I need to bring in respect to my student loans?