I have a few question regarding national and local scholarships.
I understand that if the scholarships are applicable to expenses beyond tuition, then they can be accepted by USMA cadets and deposited into the cadet account.
My question is this: say I were to receive a $10,000 scholarship. Now I'm not sure of the exact cadet expenses for the first year but lets say they were $8,000. So now, your cadet account has $2,000 in it and you still have $10,000 worth of cadet pay in the upcoming year. What would happen to this surplus of money?
I'm assuming they won't let you just keep the money..
I would also assume that your cadet account balance will roll over year to year. What happens if you graduate with a positive balance in your cadet account? Does the USMA treasurer put the money back into the system for the pay of future cadets?
I'm not sure how cadets do as far as saving money in their cadet accounts. Does it all get spent?
Do any current or former cadets have experience with scholarships? It's not really important at the moment, but it's just something that crossed my mind as I'm applying for scholarships.
If I gain appointment to the academy, I will probably not accept any large scholarships just because I know there is someone out there that would need it more than I would. I'm mainly wondering about the small $500-$1500 local scholarships that I wouldn't mind using toward my cadet expenses given the fact that I don't believe my family will be able to cover the upfront deposit should I get in.
I understand that if the scholarships are applicable to expenses beyond tuition, then they can be accepted by USMA cadets and deposited into the cadet account.
My question is this: say I were to receive a $10,000 scholarship. Now I'm not sure of the exact cadet expenses for the first year but lets say they were $8,000. So now, your cadet account has $2,000 in it and you still have $10,000 worth of cadet pay in the upcoming year. What would happen to this surplus of money?
I'm assuming they won't let you just keep the money..
I would also assume that your cadet account balance will roll over year to year. What happens if you graduate with a positive balance in your cadet account? Does the USMA treasurer put the money back into the system for the pay of future cadets?
I'm not sure how cadets do as far as saving money in their cadet accounts. Does it all get spent?
Do any current or former cadets have experience with scholarships? It's not really important at the moment, but it's just something that crossed my mind as I'm applying for scholarships.
If I gain appointment to the academy, I will probably not accept any large scholarships just because I know there is someone out there that would need it more than I would. I'm mainly wondering about the small $500-$1500 local scholarships that I wouldn't mind using toward my cadet expenses given the fact that I don't believe my family will be able to cover the upfront deposit should I get in.
