<p>Did everyone know about the $2200 admission fee that is required by the Naval Academy? Anyone know any specifics about this? I just discovered this on the USNA site last night.</p>
<p>I think it pays for uniforms, computer, etc.</p>
<p>It pays for issued computer and calculator only.You can use any scholarship money received to pay for this.</p>
<p>oh hey, speaking of scholarships...what about excess scholarship money if you're accepted to USNA? Would it go into your account for whatever expenses you may have? Would it depend on the type of scholarship and its stipulations? Just wondering.</p>
<p>Yeah you can use scholarships (and it helps a lot). Just I know the ones I applied for senior year were probably picky that it's full tuition free school so they gave them to more needy students.</p>
<p>Get as many scholarships as you can that will pay the school direct.It will be applied towards expenses,but your monthly pay will not change.(so do not expect to see the money until later in your naval education)The paperwork is pretty simple.</p>
<p>Included in the "permission to report" package is an application for a $6000 loan, which is repaid by payroll deduction during your midshipman years. Scholarships which are unrestricted can be used to offset this loan. Scholarships which are restricted to tuition or board cannot. Those that are earmarked for books, for example, can.</p>
<p>Realistically, it is difficult to win an unrestricted scholarship when the committee knows that there are no tuition or board expenses for the applicant. They tend to award these to applicants who might be less worthy, but more needy.</p>
<p>Sources of the unrestricted scholarships are usually the local service organizations, and they are usually small, non-renewable awards. They do add up, however, to help offset the $6000 obligation.</p>
<p>CM</p>
<p>Can a family just pay the loan for their mid...since many of us are contemplating 42,000 worth of expenses (hopefully with help) per year the 6,000 seems pretty easy. If you do pay this for your mid, what happends to their pay throughout the four years? and do you pay it in advance as payments or is it paid throughout the 4 years?</p>
<p>Is the $2200 included in the $6,000 loan?</p>
<p>No. (10 char)</p>
<p>But you can get a loan for the $2,200 also, I believe. I think they take it out of your paycheck every month.</p>
<p>The last I heard, there was talk of restructuring the $2200 and the $6000 into one loan. I would expect that this year's "permission to report" would indicate if this has happened. </p>
<p>You can roll the 2200 into a second loan, but then I do not know how much money you would be left with each month. Plebes net about $90 after expenses. If you repay the 2200 over 4 years it amounts to about $45 before interest, leaving little more that $10/week for entertainment, food etc.
Hope this helps.
CM</p>
<p>JM.<br>
I'm not sure about paying the $6000 upfront. I do not recall anything in the paperwork about it. You could, however, just sent your plebe with a nice fat check to be put in his/her account and call it square, I suppose!</p>
<p>CM</p>
<p>"Included in the "permission to report" package is an application for a $6000 loan, which is repaid by payroll deduction during your midshipman years."</p>
<p>Dang!! How much are the mids getting paid nowadays! I received (in my pocket, less taxes and auto-USNA-deducted "expenses") less than $6k total during my entire 4 years! I'm old, but not THAT old!!</p>
<p>DeepThroat</p>
<p>I believe that the "pay" is $750/month before taxes and required automatic "expense" deductions. (laundry, haircuts etc, whether or not you use the "service".) The plebes net between $90-100/month. I believe that the net increases as the years progress, but am not sure if the pay increases, or the expenses decrease! I do remember a firstie saying that after car insurance and cell phone bill there was little left.
CM</p>
<p>I don't mean to sound excessive. We just saw so many mids spending what little free time they had at the mall area and out at lunch in Annapolis. I can't imagine how they can do that with 90 dollars a month. Do other parents suppliment their spending money?</p>
<p>I didn't receive any supplemental dough from my folks, and I would guess that 80% of the mids were in the same boat as me. </p>
<p>As a plebe, I made $45/mo. This was just enough to have a pizza on Friday night and drink a few cokes during the week. Since we only left the Yard on Saturday, and EVERY Saturday was spent at a sponsor's house (read: free food!), I don't really ever feeling like I was broke. </p>
<p>Pay went up each year, until I was making like $225-250 as a firstie. As has been mentioned, the bulk of that went to my car insurance and cell phone bill! With the promised land of officer-dom on the horizon, many mids were not hesitant to simply live off of credit OR the $17k career starter loan (at the end of 2/c year) until we started making the big bucks in the fleet. I suspect that the same holds true today. </p>
<p>DeepThroat</p>
<p>My plebe shares that his experience so far reflects what DT has stated. Lots of time during Sturday Liberty at the sponsor's for mooch-a-meal, he is frugal with his money for other things.</p>
<p>Christmas and Birthday gifts were primarily cash or long-distance phone cards. His cell phone is prepaid and he got lots of refuel minute cards for gifts. I did send him emergency cash in case he needed to book a flight home for a true emergency. He deposited it and has not touched it. He seems fine with the money he has to budget. Part of what they are learning is to plan for the future. Some parents have opened up accounts where they can transfer money to their mids accounts on-line in case of emergency, but I have not felt it was necessary.</p>
<p>By the way, DT, not to make you feel too old or anything, but the career starter loan is now up to $20,000.
CM</p>
<p>Thanks all for the info...it's so amazing to be analyzing paying a huge college bill vs. the Academy. We do not want our son to choose based on dollars (if he has the option) only on what is best for him and that is true for NROTC also. I know many others will be making the same decision on this site. It's good to have an idea what others do. I had forgotten about the starter loan...that's a lot of money. I guess I would rather send a little cash along the way than have him incur such a large loan although I imagine than many purchase cars with the loan. Thanks again!</p>
<p>PS they told us at CVW that all the books needed were not supplied and / or that students needed extra cash for books? Did anyone else hear this?</p>
<p>The large $20,000 is optional. It is also at zero interest! Not all take advantage of it, but many do. Some even invest the money rather than buy fancy cars. I do not know the time period for repayment.</p>
<p>My son has been able to use his mid store card for all of his required supplies, and did not have to pay out of pocket for anything to date.</p>
<p>CM</p>