<p>Don't worry. They'll start spending again when their pay improves.</p>
<p>Ask me how I know. :(</p>
<p>Well, okay. How? Just kidding! :D</p>
<p>He didn't spend all of one paycheck. He turned in their (his and his brother's PS2?), I think, is how the story went, and then he put the paycheck to the deficit. Now they're the proud owner of a PS3. Went over very much bad when the dad found out. We had bought the PS2.</p>
<p>However, right after that he DID hit me up for gas $.</p>
<p>I have no doubt that as his wallet gets fatter, his tastes will go towards the more expensive. At least he knows how to balance his checkbook. However, that's never stopped some people.</p>
<p>I'll just kick back and watch. :p</p>
<p>LOL...our son has been "tight" with his money as well... all of a sudden I get a call, "mom...the blank-blank-blank- costs such-and-such....do you think it is worth it?" LOL- like I would know! So the standard response, "Gee- I don't know....what is it worth to you?".... </p>
<p>Have to agree with the other posters- all of a sudden what they spend really matters! What a refreshing change!</p>
<p>On the $2,500 (Boy can we beat dead horses on this forum), is it interest free? Also, I had actually forgotten about the $2,500 but Lola had not, of course, and I am sure knows the answer to most of my questions but it is so much more fun to hear it from you guys.</p>
<p>As Lola is on a full-ride currently at college, and works to make money for anything else she wants, I have been most fortunate. Will they take the $2500 out of the pay automatically. Or can I send them monthly payments? I guess I could just reimburse her each month for what they take out of her pay. Whatever.. Just wondering.</p>
<p>They debit monthly. You can also get other low-interest loans to front the loan. E-mail me.</p>
<p>The ACE ($6000) is interest fee. The $2500 I seem to recall was not. If some of her scholarship is from outside of current institution, she should inquire if it can be used for the $2500.</p>
<p>From the West Point Instructions for Candidates Offered Admission Class of 2011:</p>
<p>
[quote]
Cadets are permitted to receive scholarships. However, since there is no tuition, room or board charges at West Point, scholarships stipulated "for tuition, room or board only," or based on need rather than merit cannot be accepted. If your scholarship can be used for textbooks, uniforms and other expenses, inform the donor to make it payable to the "Treasurer, USMA." Most scholarships received at the USMA are privately funded from corporations, religious groups, memorial funds, clubs/foundations and civic organizations. Scholarship monies can be used to offset, dollar for dollar, the initial deposit. If an extension is required because of late receipt of scholarship funds, it should be requested in writing prior to June 25th. Scholarships in excess of the required deposit will be deposited into your cadet account to offset future financialobligations. Checks and requests should be made payable and addressed to:</p>
<p>Treasurer, USMA
Official Mail and Distribution Center
646 Swift Road
West Point, NY 10996-1905</p>
<p>All monies received (scholarship and initial deposit) will be credited to the individual's cadet account.
[/quote]
</p>
<p>The Naval Academy policy on scholarships is similar to the West Point policy.</p>
<p>West Point Class of 2011 deposit requirement: $2,900.</p>
<p>USNA Class of 2011 deposit requirement: $2,500.</p>
<p>Trivia - USNA Class of 1980 deposit requirement: $400.</p>
<p>You know, when I was driving home, tonight, I was wondering to whom scholarship money was sent.</p>
<p>Thank you, GreatAmerican!</p>