I'm applying to dental school right now and I'm considering taking a navy scholarship (not just for the money, but because I think being in the navy would be a good experience). I am a little concerned about the monthly living stipend though. Granted, it's much better than the $0 I would get every month if I didn't take the scholarship, and $2000 is a considerable amount of money. But, I know that if I chose a school in a city (Boston, NYC, San Fran), etc, I may spend half of my stipend just on housing alone. I also have a car payment, insurance, utilities, food, etc, and it would be nice to not eat Ramen every night. I currently have a job where I take home about 2G after taxes each month, and there certainely isn't a lot extra. Do scholarship recipients every have to take out small loans for living? Or does the extra cash from the bonus cover this?
Also, is this stipend taxed? or do we get the full $2000 every month?