If a candidate gets scholarship money from a corporation, say $1000.....but the coproation needs to send the check directly to the college and not the candidate......will the USNA accept the check and apply the monies to the candidates out of pocket incidentals? How exactly does this work?
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outside scholarship and the USNA
- Thread starter Pasquinel
- Start date
It is an interest free loan that the academy gives each mid to offset the onetime cost of plebe issue (ie: computers, uniforms, etc.) You pay it off automatically from your pay over the four years. Most people pay it off late 2/C year.
Thank you very helpful replies I would assume that outside scholarship monies can be sent directly to the USNA and the USNA will know what to do with it, applying it against this ace loan, correct? Do you know approximately how much money this ace loan is, that gets automatically paid off during the 4 years?