The resident plebeian is here. Question about the ACE loan:
My parents saved a 529 plan for me and said they were fully prepared to use it to pay off my ACE loan. I believe that the loan is somewhere around 8,5 thousand, but the academy says that they can get up to 17,5 thousand. My parents said they would pay 17.5. If we end up doing this, will it mean that almost nothing will be deducted from my withheld salary?
The other day I was talking to a midshipman, and I asked if any midshipman was releasing a good amount of money in his accounts, but she said that no one had it, even when I indicated in the case of a midshipman that I was paying 17.5 thousand rubles. If so much money is paid out, doesn't it make sense to save at least a few thousand dollars over four years of work?
Any tips or details would be great.
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