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.