nopeThe scholarship has nothing to do with your first year, so yes interest will accrue. You're totally on your own for that year. It's too late to apply for the 4 year scholarship.
It's an 8 year contract with the airforce I believe. 3 years active and 5 years IRR (inactive ready reserve). But the clock starts your second year of school when the scholarship starts, so three inactive years will get burned while you are in school. Upon graduation, you'll have to serve 3 years active, as well as the remaining 2 IRR years after that.
And as mentioned before, it's really hard to get- it's a competitive program. You can also look into the navy and the army as well.
school years doesnt count towards your IRR
Also higher interest rates and higher fee for taking out loans. When I was only months in, I already accumulated couple of thousands from interest+fees. Grad plus loans are an entirely different beastSo I just found out our loans in grad aren't like loans in undergrad and they accumulate interest even when we're in school. Da Fuq....