Need-based scholarships of $500 to $3,000 and interest-free education loans of up to $4,000 for the children and spouses of active-duty, retired and deceased Sailors and Marines, and for active-duty personnel holding orders to an enlisted-to-officer programme. Children must be under 23 as of 30 September. Awards are calculated from the FAFSA Student Aid Index and cost of attendance and require at least a 2.0 GPA. Full-time and part-time students at accredited two-year, four-year, technical and vocational institutions qualify, at undergraduate or master's level. Funds go directly to the institution for tuition, books and lodging. Scholarships are awarded once per academic year; loans are issued on a rolling basis outside the window.