Some of the main benefits of joining the military after high school include:
One of the best benefits of joining the military after high school is that you'll be far more experienced in the world compared to many of your friends. While they may only relocate a couple of hours from home to attend college, you may be on the other side of the world fighting bad guys.
Going into the military right out of high school does not deprive you of a college education. The military can help pay for college or pay off college loans. Most enlistees are eligible for up to 100 percent of college tuition through the Tuition Assistance Program (TAP) while on active duty.
Veteran benefits and length of service
Benefit | Minimum Service Requirement | Period of Service |
---|---|---|
Military health insurance | 20 years | Any |
VA pension | 90 days active duty | Before Sept. 7, 1980 |
VA pension | 2 years active duty | On or after Sept. 7, 1980 |
VA disability compensation | Any | Any |
Risks and Dangers
The biggest disadvantage of joining the military is the possibility of being injured, permanently maimed or killed in the line of duty. Soldiers commit to making the ultimate sacrifice in service to their country.
With a college degree, you may be eligible to enlist in the military as an officer. According to the U.S. Army, a bachelor's degree is needed to become a commissioned officer and a master's degree is needed for those who want to rise to the rank of captain and above. You may have a higher chance of being promoted.
5 Cons Of Joining U.S. Army
The Army is one of the best-paying jobs you can find if you don't have a degree. Compared to an entry-level job that requires a degree, the Army pays just as well, if not better. These soldiers are not broke because of what they get paid. They are broke because of how they spend their money.
Joining the military was absolutely worth the experience. ... I was enlisted and earned my degree later in my career so my experience may be slightly different from those who went the ROTC and officer route, but I would imagine my opinion of the experience wouldn't differ too much.
The question you asked is this, "Is joining the military a good move financially?" The answer to this question is a flat yes. If you are good with your spending and have good savings habits, you will make good money and have excess to create a sizable savings account. Simply put that is your answer.
Yes, but not in the way you're hoping. That BAH bump comes only once, when the service member gets married or, if they don't marry, when they have more than 50% custody of their first child. After that, the rate does not change per child or per dependent -- it's a one-time thing.
The highest ranking enlisted Marine, Sgt. Maj of the Marine Corps Ronald Green, makes over $90,000 a year in base pay alone. Military officer pay is much higher.
The Navy and the Army are the easiest branches to get into, mostly because they're so big. The Navy's basic training is only about two weeks longer than the Air Force's, IIRC, and just a little harder.
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