Can someone from Army finance answer my question?
929710
Oh boy, I've got terrible news and I hate to even write this - but there is some good news, kind of. First, everything finance has said to date is correct. For pay purposes, only active time can be counted, hence his 4 years + 18 months would put his pay at 5 and 1/2 years approximate. For retirement purposes, they will count the whole stint. (This is the difference between his BPED and BASD dates). It sounds like the initial PSB screwed the pooch on this one. Worse yet, it would also change his eligibility for certain bonuses - so this all sounds legit. Now the semi-good news. If he goes to his finance office, he can have those repayments extended out further (in fact, they can even spread them out over the rest of his contract) under a financial hardship request. His chain of command will have to approve it - but that will be a rubber stamp (or should be). If you need immediate relief (i.e. they already took the money and you are short for bills and what not) you can go to your installation ACS (Army Community Service) and apply for an AER (Army Emergency Relief) loan. His command normally has to approve that as well - but you should be able to process it through his rear detachment. This is terrible that someone's error can so negatively effect you - and no - it sure doesn't seem right. Unfortunately, it is what it is and I wish you the very best. Thank you both for your service.\n\nI would check 2 additional locations for relief. One I recommend, the other I would be wary to do. #1 - have him notify his chain of command FIRST, and then file an IG complaint and request relief from the debt through them. (I imagine your command is going to support this action). The other action is congressional. The problem with a congressional inquiry (writing your congressman for action) is that it takes a significant amount of time as it will first get routed to his unit and bounce around before it finally lands on the PSB and Finance. This also tends to irritate folks beyond all belief and can get your husband a reputation - not all that positive. I would wait to pull the congressional trigger as a last minute, desparate shot. Use the IG and Finance first. I can't make any promises, but this sounds like the best shot. Unfortunately, I have known a few soldiers who have gone through similar "corrections" and have never seen the debt forgiven. They will spread it out as much as possible, but I think you may be up against a long shot. I truly apologize - it shouldn't be like this.
60259
sub,\n\nGood for you, man.  I served eight years active duty with the Navy, and am a drilling reservist.  I want to thank you for considering this and all others out there who volunteer to do a tough job to keep this nation strong.  Please disregard the crass, un-intelligent responses herein...at least you're keeping an open mind, looking into things and not bad-mouthing things you know nothing about.\n\nAs far as pay is concerned, I saw a link to a "dot-mil" site which probably will take you to a enlisted and officer's current pay scale.  Please note that you'll get a housing allowance, which is scaled according to an average of homes and apartments for rent in the area where you are stationed.  You'll also get separate rations, which is a fixed rate according to rank, and other allowances for different things.  You'll only pay income taxes on your base pay, and that's all that's reported.\n\nYou and your family will get commissary and exchange privileges, which may save you some money.  Full medical and dental coverage for all members of your family, and a lot of installations have day care facilities, should you need one.  There's more that I can't think of right now...a lot of responses here are right-on.\n\nGood luck.
727449
my hubby is in the army - we move alot! so i got a job working from home its legit, theres a 401k plan pls other benefits for you and your family so no matter where you live as long as you have a phone and internet you can do this see this site, iboplus.com/40450014 or see mine at JAnderson52@ameriplan.net
444179
Tell her she comes up with the money, or you contact the Base Commander. ExO's do NOT like this kind of behavior, and will make sure you get re-paid.\n\nWhen you are dealing with dead-beat military types, this prospect is one they truly don't want to face.
916911
I dont think he should have to repay it.  I lost my twin brother in Iraq in July.  I didnt know you could get out of military because of it though.  I thought you could only do it in peace time?  I know this is supposed to be an answer and not a question but if you know more could you email me.  Im not in Iraq but I am serving in Korea.  I dont know if I want out but sometimes I feel like I should but would like to know how if I decide to.
836265
My husband is no longer in the military, but heck yes they are underpaid.  They make up about 85% of the people who go to those pay-day loan places, pawnshops, etc.. if they were getting paid more, they wouldn't have to borrow extra $$ just to make it till their next check!!
590636
Try military banks. first go to your financial office on the base and ask them if they have a way to help (they can secure a loan or set you up for one), or try calling bank of America military branch in San Antonio Texas. \n\nI am not going to ask or bring up probably why you only made $76, but if you go to finance and they do help, they might require you to take some finance course to help you budget and avoid pitfalls.
758659
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41661
Serving your country should never be about the financial gain. I'm personally considering enlisting in the Reserves because I can not afford the pay cut of full time enlistment. By can't afford I mean I would not be able to make my mortage and care for my family. Additionally $20,000 is not very much money. In terms of motivating me personally with a large sum of money to do something  I don't want to do, you would need to give me enough to buy a nice piece of property. 20g hardly buys a nice truck!
1045899
E-5 is ok pay. Have you been in the service awhile? Civilian pay is always going to be much better. But you have to balance the fact that you don't have any major bills in the service either. Do you have GI Bill? I went back to school after 6 years in the service. Not only do you get full financial aid (because you probably won't be rich - but maybe you are?), but the GI Bill kicks in $1000+ per month for a full time student. That is your money, you spend it as you like. Then you could get a job doing whatever you wanted.\n\nFYI: here in Utah Union Pacific was hiring RR people just to run transfers and do yard work, and they were starting in the $40K's.\n\nAnyways, hope this is helpful, and good luck to you!
942704
You have a right to know what the over draft was and for how much. This sounds really funny to me. I wouldn't pay a thing until you get that information. If you send in the first check then you are agreeing to paying the $4500 and it will be near impossible to get out of that amount if you don't truly owe that much.
1170963
Join the Army, get the $40,000 enlistment bonus and the matching thrift savings plan, put all of the bonus in (tax deffered) and the Army will turn it to $80,000. You will then earn interest. You can leave 6 years later with over $250,000 if you invest a good portion of your salary, too (10-15%).
1012485
jack430 gave you a great link to the pay chart.  And you get paid twice a month.  Half on the first, half on the fifteenth.  Plus, remember that is just the basic pay.  If you have dependants, are in a combat zone, etc.  you rate extra pay.
118528
You didnt say whether you wanted your initial investment back. That is (a) do you want to receive $1600 per month which includes interest and repayment of capital? Like an annuity. Or (b) do you want $1600 per month interest and then repayment of your investment capital at the end of 3 years? \n\nFor (a) you'd need $50,000 and for (b) $192,000\n\nAlso I have presumed by 10% you mean per annum rather than for the whole term.
256769
call them up and ask for it. they should put you in touch with the finance department who will know the answer.
218535
armystud has it right, I'm using the GI Bill now.  He didn't mention that you can use it for 36 months as a full time student, or 72 months as a part time student.  They also had a kicker in when I was in a few years ago where you sign up and put $100 more into the pot for 6 months, then your GI bill is worth around $6000 more when you get out.  Also, keep in mind you must be honorably discharged to use it.
682974
Go on the Mil.com website and they might help you out on that one.