Peace Corps offers similar terms, i.e. loan deferment and cancellation. In my day, only deferment was available. So I did work-study (cleaned toilets, made pizza) and took the loans, then deferred them for 15 years (had a grad school deferment as well) until inflation chewed it down to almost nothing. Nowadays my alma mater doesn’t do loans, only work study and grants.
When they ended the draft I saw the handwriting on the wall. Enlistment would be the employer of last resort and so it is. You don't have to have a draft if you have high unemployment and the training you get won't get you a job. Army electronics training can't get you a job as a TV repairman (when they had them).
Peace Corps offers similar terms, i.e. loan deferment and cancellation. In my day, only deferment was available. So I did work-study (cleaned toilets, made pizza) and took the loans, then deferred them for 15 years (had a grad school deferment as well) until inflation chewed it down to almost nothing. Nowadays my alma mater doesn’t do loans, only work study and grants.
When they ended the draft I saw the handwriting on the wall. Enlistment would be the employer of last resort and so it is. You don't have to have a draft if you have high unemployment and the training you get won't get you a job. Army electronics training can't get you a job as a TV repairman (when they had them).