waiting2018
5-Year Member
- Joined
- Oct 17, 2013
- Messages
- 13
I see that wp has a deposit for upfront costs and computer they have to pay before starting. Is naval academy the same way? Are there costs we have to pay?
USNA gives 4/C MIDNs (Plebes) an interest-free Advance for Clothing and Equipment [ACE] Loan right up front. Repayment is automatic from ones monthly pay. Scholarship funds, if any, can be used to defray the balance.I see that wp has a deposit for upfront costs and computer they have to pay before starting. Is naval academy the same way? Are there costs we have to pay?
It was $8,500 for the Class of 2017.what is the total amount of this for USNA?
Yes, but it won't make a difference in the MIDN's cash pay for a while. The loan is interest-free, so doesn't really make sense to pay off early.Anyone know if you can use 529 money to pay loan?
Yes, but it won't make a difference in the MIDN's cash pay for a while. The loan is interest-free, so doesn't really make sense to pay off early.
Sorry for the bad information. I thought I understood from another parent on another forum that he had found a way to do this at USNA. Apologies!Yes, but it won't make a difference in the MIDN's cash pay for a while. The loan is interest-free, so doesn't really make sense to pay off early.