Can anyone run me through what exactly SMP is and the process that's involved with it?
I won't attempt to even answer this as it is so complex. I did want to point out there have been excellent threads on this in the past. A search might be in order. Read through the entire threads because folks often post incorrect information on this topic. You'll know who the knowledgeable people are after you read through the entire threads.
I would trust posts on this topic by ClarksonArmy.
Can anyone run me through what exactly SMP is and the process that's involved with it?
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Have to be careful speaking in absolutes...You can get a scholarship and be SMP, but it will be a GRFD scholarship, and will preclude you from active duty. National Guard may cover school based on cost. It is a complicated subject. Remember there are Guard and Reserve SMP options, and they will be different. Also remember that the ROTC enrollment officer and the Guard/Reserve recruiter may not have the same priority, so be sure to talk to both (preferably the enrollment officer first).As a SMP cadet you DON'T get an ROTC Scholarship because the National Guard will cover school.