Can Endowment or inheritance pay ACE Loan

Discussion in 'Service Academy Parents' started by xchefmike, May 16, 2007.

  1. xchefmike

    xchefmike Member

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    My wifes grandfather left an education inheritance fund for the kids. It is enough to pay for both the initial $2500 and the ACE loan, can this be sent to his account (if he gets in):smile:
     
  2. nurseypoo

    nurseypoo Parent

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    From what I was told from the accounts officer, they must take out the ACE loan, but it can pre-paid, re-paid. That means the day he takes it out, it's already paid for. This will ensure that at the end of the semester (or quarter) he will receive more $$ back.
     

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