I am creating a program that contains text boxes and combo boxes in Visual basic using visual studio professional 2010. I was wondering if anyone knows how to or where I can go to find out how to have the data that the user can enter and when done generate to a word template? Or is this even possible?

You might want to look at Create a Simple Userform
That is about vba rather than visual basic but covers the basics.

Why are you generating a template rather than a document? You might want to start with a template that calls your userform when called to create a new document and then populates the document from information in the userform.

Thank you for your help. What I am trying to do is create a program and after the user finishes entering data a report can be generated to a word document.

The simplest way is probably to skip visual studio and just use vba in a template. Have the AutoNew macro or Document_New event trigger your userform. The article I referred you to should give you what you need.