Pretty sure they already have that, when I was in the reserves they would have paid down my student loans if I had ever bothered to fill out the paperwork.

And a lot of (all?) places have programs where they'll forgive student loans if one stays a teacher for 10 years -- which, as an aside, always boggled my mind that you have to go into major debt to get a public teaching job that pays peanuts but people happily do it.