I'm considering applying to the Naval Academy and was wondering about the financial side. Do midshipmen receive an allowance while attending, and if so, what does it typically cover?
The U.S. Naval Academy does provide an allowance for midshipmen. This monthly stipend significantly increases as you progress through the academy, starting at $1,087 in your first year (plebe year), up to $1,981 in your final year (firstie or senior year).
This allowance initially goes towards paying for required instruments like uniforms, books, and a laptop, as well as other miscellaneous fees. What remains can then be used for personal expenses. It's important to manage these funds wisely, so setting a reasonable monthly budget can help you effectively save and spend your allowance.
Beyond the financial aspect, the Naval Academy also offers a wide range of leadership development opportunities and a guarantee of employment upon graduation for at least five years as a commissioned officer in the U.S. Navy or U.S. Marine Corps. This can be a significant factor if you're considering the long-term return on the investment of your time and effort at the academy.
CollegeVine’s Q&A seeks to offer informed perspectives on commonly asked admissions questions. Every answer is refined and validated by our team of admissions experts to ensure it resonates with trusted knowledge in the field.