I know SCRA caps debt before service but is that any debt before officially shipping to bootcamp? Or before orders to bootcamp? If you just got a bootcamp date and got into a loan weeks after, once you have joined, will that loan you got after already getting orders to bootcamp be capped at the 6%?
When is the SCRA cutoff?
byu/Optimal_Car_1927 inMilitaryFinance
Posted by Optimal_Car_1927
1 Comment
The date the orders were issued doesn’t matter, SCRA caps interest rates at 6% for debt incurred before your active duty start date.