I'm considering the Coast Guard Academy and was wondering if cadets receive any kind of payment or stipend while they're attending. If so, how does it work? Does it cover all expenses or just some?
Yes, if you attend the U.S. Coast Guard Academy, you will receive a form of monetary support, known as a cadet stipend. This monthly stipend is intended to cover the cost of your uniforms, textbooks, and certain other incidentals. As of 2024, the stipend starts at around $1,339 per month. However, it's important to note that cadets do not receive the full amount because the Academy deducts the cost of uniforms, textbooks, and other items from this amount.
The good news is that tuition, room and board, and medical care are all provided free of charge to all cadets. Therefore, the stipend is meant to cover additional educational costs and personal expenses.
While you are paid as a cadet, keep in mind that attending a service academy also means a commitment to serve after graduation. Upon graduating from the Coast Guard Academy, you're expected to serve in the Coast Guard for at least five years. However, if you're seeking to leave with zero debt and with a guaranteed job after graduation, the Coast Guard Academy could be a strong option.
Remember to thoroughly consider the opportunity, including speaking with current students and alumni, to ensure that it aligns with your career goals and values.
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