What Happens to State College Debt?

M

meateater5175

5-Year Member
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Aug 12, 2011
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I am a freshman at a state college right now, and I just received an appointment to the Naval Academy. I incurred about $7,000 of debt this year from federal student loans. Does anybody know what happens to this debt, assuming I accept the appointment? e.g., must I pay it back after leaving the state school, after graduating from the Naval Academy, or does the federal government somehow pay for it?

Any help on the subject would be greatly appreciated.
 
balloonattack911 said:
I am a freshman at a state college right now, and I just received an appointment to the Naval Academy. I incurred about $7,000 of debt this year from federal student loans. Does anybody know what happens to this debt, assuming I accept the appointment? e.g., must I pay it back after leaving the state school, after graduating from the Naval Academy, or does the federal government somehow pay for it?

Any help on the subject would be greatly appreciated.
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The government isn't going to pay for your debt. You can pay for it for while you're at the academy, or after. My suggestion, assuming you accept your appointment and graduate, would be to use some of your career starter loan to pay off the debt.
 
hey ballon what are your stats? I'm also a college student applying, but haven't heard anything yet.
 
everlast said:
hey ballon what are your stats? I'm also a college student applying, but haven't heard anything yet.
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First of all, I'm a male from Montana. I received nominations from two separate congressmen.

High School:
No varsity athletics, but I did Brazillian Jiu Jitsu
Senior class representative in Student Council
Small amount of community service (in my town and on 2 week trip to Honduras)
3.92 unweighted GPA
5 out of 132 class rank
33 composite ACT (33 math and 33 english)
2 weightlifting records for my weight class (under 150 lbs)
2 years work experience

College (1st semester):
Honors Calc 1 - B
College Chemistry 1- A
Spanish 2 - A
Honors Seminar (similar to literature/philosophy class) - A
GPA - 3.75
Work study (around 9 hours a week)

CFA:
Basketball Throw: 66 ft.
Pull-Ups: 17
Shuttle Run: 8.5 seconds
Sit-Ups: 95
Push-Ups: 74
Mile Run: 8:30 (i was sick)

I just received a call from my MOC this friday who said I received an appointment from USNA and the paperwork should be on its way sometime this week. Good luck!
 
Cool I have similar stats only from NJ. Congrats on your appointment! I hope to see you 28 June.
 
balloonattack911 said:
I am a freshman at a state college right now, and I just received an appointment to the Naval Academy. I incurred about $7,000 of debt this year from federal student loans. Does anybody know what happens to this debt, assuming I accept the appointment? e.g., must I pay it back after leaving the state school, after graduating from the Naval Academy, or does the federal government somehow pay for it?

Any help on the subject would be greatly appreciated.
Click to expand...
I confess that this one made me chuckle ... and weep. Illuminates our real national mess too vividly. :eek:

When I win the lottery, who's gonna pay off my mortgage?:rolleyes:
 
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