All students who attend the Naval Academy do so on a full scholarship. The Navy pays 100% of the tuition, room and board, medical and dental care costs of Naval Academy midshipmen. In addition, all midshipmen receive the following:
- $1,087.80 per month, which covers the cost of laundry, barber, cobbler, activity fees, yearbook, and other services.
- $100 in cash per month, which increases each year.
- A guaranteed job upon graduation
All of these benefits are included in your experience in return for 5-years of active duty service upon graduation.