What is Pay Like at the Naval Academy?

I'm looking into the Naval Academy as an option after high school and I'm curious about the financial side. How much do midshipmen get paid, and does it cover all their living expenses while at the academy?

A midshipman at the United States Naval Academy is technically considered active duty military personnel, which means they do receive a monthly salary. This stipend increases each year you're at the academy. As of 2024, it starts at around $1,330 per month during your first year (plebe year) and rises to about $1,927 per month by your final year (first-class year).

However, from this income, various costs such as uniforms, textbooks, and other miscellaneous expenses are automatically deducted. After these deductions, first-year midshipmen are left with a small monthly amount, about $100. This increases each year, so by the time you're in your final year, you have a reasonable amount left over each month.

It's also important to note that necessities like food, housing, and medical care are all fully covered by the academy, so the money the midshipmen get can be used for personal expenses or saved up. Also, upon graduation, if you decide to be commissioned into the Navy or Marine Corps, your salary will significantly increase as you start earning an officer's pay.

Keep in mind that in return for your education at the Naval Academy, you will owe a minimum of five years of service upon graduation, though the specific commitment can vary depending on the duty you choose. As always, make sure you're interested in the lifestyle and mission of the naval service, rather than just the financial benefits, when considering this path.