They will base the amount paid for R&B on what the college charges, if he at some point decides to move off campus they will use this same formula.
Just remember a couple things. The money the Army pays for R&B is taxable income, money paid for tuition is non-taxable. The stipend and book money is non-taxable no matter which way you go.
The money paid for R&B is not paid in advance or directly to the school, it will come as a reimbursement directly to thae cadet's account, you will need to make the payment to the college.
R&B payment are usually made pretty late in the semester, sometimes the payments do not come until the second semester has started. Just be ready to make the R&B payment out of pocket and then wait a while before getting the money from the Army.[/QUOTE
So why would someone choose to use the scholarship for R&B? Are there other pros/cons/considerations?
Now that DS has been awarded the scholarship (and he's already been medically cleared) we have to make a decision between the three schools and that has led to a whole new set of questions!
DS's dilemma is that he has only visited one of the three schools, and he loves it, however, that school will not notify us of financial aid/merit money until March. The other two schools, because of matching funds (that I do need to verify) and merit awards already given, will be very close to free. But I want him to go to the school that he believes will be the best fit.
I'm frantically trying to make arrangements to visit the other two schools (across the country from us) so that he will have a good comparison, but the deadline is so very close.
Any and all financial guidance/opinions would be so appreciated.