The Pros:
real world experience as a drilling cadet
non deployable
Tuition assistance
Possibly GI Bill (If cadet attends basic and AIT)
Contracts as early as Sophomore year and starts to receive stipend
Drill pay
Cons
Must drill monthly
May be talked into attending Basic and AIT and missing a semester of school, which puts that cadet out of synch with peers
If Cadet doesn't file paperwork they may miss out on TA
http://goldenknightbattalion.wordpress.com/2011/01/12/smp-another-option/
have about 20% of my cadets in the SMP program. Usually my cadets at low cost schools, who are not on scholarship are actually making more money than the cadets on scholarship. At a high cost school SMP will help pay for school.