MissO
Member
- Joined
- Feb 2, 2016
- Messages
- 44
Hello all,
I have some very exciting news to share! After much hard work and diligence, I was finally awarded a 3-year AROTC scholarship to the SMC I will be attending this fall. This is obviously the good news..
The "bad" news, is that I will have to pay for the entire first year, which is about $50,000. I was only awarded $5,500 in federal loans, therefore I have about $44,500 that will need to be private loans.
My *hope* is that I will receive a 3.5 year upgrade if I show up and kick butt...
I am not betting on this happening, but I will be trying my hardest to make it happen. My question is - do I take out private loans for the 1st semester ONLY? Just in case I get an upgrade? I do not want to borrow too much. I guess if I am not upgraded to a 3.5, I will just take out loans again for 2nd semester. Does this sound like a good plan, or should I just take out all $44,500 now?
Thank you to anyone who is able to offer me some insight on this! God Bless.
-O
I have some very exciting news to share! After much hard work and diligence, I was finally awarded a 3-year AROTC scholarship to the SMC I will be attending this fall. This is obviously the good news..
The "bad" news, is that I will have to pay for the entire first year, which is about $50,000. I was only awarded $5,500 in federal loans, therefore I have about $44,500 that will need to be private loans.
My *hope* is that I will receive a 3.5 year upgrade if I show up and kick butt...

Thank you to anyone who is able to offer me some insight on this! God Bless.
-O