- Joined
- Feb 5, 2009
- Messages
- 53
Does anyone know how the AFA handles scholarships a cadet receives from other sources such as a parents place of employment. For example, he or she receives $1000 per year for 4 years.
Scholarships: Agencies should issue scholarship proceeds directly to the Cadet. When a scholarship agency is unable to make payment directly to the cadet, the scholarship may be accepted for credit to the Cadet's pay account provided there are no restrictions on the scholarship and the check is payable to the U.S. Treasury. Restrictions are any condition or limitation an agency places on the use of their scholarship funds. Restriction examples; "must be used for tuition room and/or board," "student is required to maintain a specific GPA," "scholarship funds will be paid back if Cadet disenrolls," etc. Scholarships silent on restrictions will be treated as non-restrictive and accepted. Once a scholarship is accepted it is never refunded to the agency granting the scholarship, even if the cadet disenrolls.
Lifeisgood,
My son was in the same situation. He received a scholarship from my employer worth $1000 per year for the 4 years. The scholarship was not limited to what it could be used for. The company that administers the scholarship makes the check out each semester to the Air Force Academy. My son takes the check to the admissions office, and it is used to pay down his loan. Now that his loan is paid, the money goes into his pay account. Please let me know if you have any more questions.
Stealth_81