Grants... Loans??

Discussion in 'Naval Academy - USNA' started by navy's finest09, Jan 28, 2012.

  1. navy's finest09

    navy's finest09 New Member

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    whats the rule on having pell grants or loans at the Naval Academy or NAPS to cover all the extra fees and what not that we have to come out of pocket for? is that legal??
     
  2. LiveGold

    LiveGold Member

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    You don't pay for anything out of pocket. I don't know what extra fees you are referring to.
     
  3. wilson73

    wilson73 Member

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    Cannot speak about NAPS, but every Mid at USNA must sign up for what is called the ACE loan, which has been about $8500 total in the past year or so. Every month, a portion of the Mid's pay is applied to pay off the loan. The loan covers things such as uniforms, books, computer (I think), haircuts, etc. Most Mids have paid off the loan by the time they are Firsties.
     
  4. navy's finest09

    navy's finest09 New Member

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    so would it be possible to use a pell grant or something of that nature to pay off your ace loan early? just planning ahead because im currently active duty and just trying to figure out exactly how much i should have saved up before i report
     
  5. Just_A_Mom

    Just_A_Mom Member

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    You can't use a pell grant at USNA. You don't have to have anything saved up when you report. You will be drawing pay each month which generally is enough to cover incidentals.
     
  6. NorthernCalMother

    NorthernCalMother Member

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    Keep saving, Navy's Finest09! You'll want extra funds for transportation when you can get away, and you'll be happy to have money for opportunities that present themselves. Thank you for your service to date, and good luck @ USNA.
     

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