Cost/value of education?

Discussion in 'Naval Academy - USNA' started by farmgirl1776, Feb 24, 2016.

  1. farmgirl1776

    farmgirl1776 Member

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    When I submit to our high school the dollar value of the scholarships awarded to my son, what value to I put on the USNA appointment? (And USAFA if anyone knows that number off the top of their head?) I searched on Google, but I could only find old numbers.
     
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  2. LLJ

    LLJ Member

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    $240,000. 60K per year, is what I have heard. don't know how true that is. But think of a typical Ivy/highly selective private school cost.
     
  3. good_dad

    good_dad Member

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    For my DS school awards banquet program, we put "full scholarship", no specific number, since we felt anything found on internet would be guessing. Wasn't comfortable putting down "equivalent to $xxx,000" type of thing, when USNA states tuition is zero. Glad you posted the question, maybe our approach was too conservative.

    Per USNA Admissions page....."There is no tuition or financial aid at the Naval Academy. The Navy pays 100% of the tuition, room and board, medical and dental care costs of Naval Academy midshipmen. This means ALL students who attend the Naval Academy do so on a full scholarship in return for 5 years of active duty service upon graduation."
     
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  4. farmgirl1776

    farmgirl1776 Member

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    Good point on the fact that there is no tuition. However, if they leave after the two year mark, they have to pay back the tuition/costs. So there has to be a number assigned somewhere? Thinking out loud...
     
  5. AROTC-dad

    AROTC-dad Just a dad

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    There is indeed a substantial value to your DS/DD. The tuition may be zero but in lieu of tuition your son or daughter is committing to serve as a military officer for a contracted number of years.

    Although USNA does not post a number, the following is on the USAFA website concerning the dollar value of a four year academy education:

    From USAFA website: (italics and bold are mine)

    "In both war and peacetime, the United States Air Force is a critical component of a strong, innovative nation. Choosing the Academy is an act of patriotism — in troubled times more than ever. If you are called to serve, the United States Air Force Academy can position you to play a critical leadership role.

    It is not a matter of affording the tuition or finding a scholarship or grant. An Academy education is valued at more than $416,000, yet we offer it at no cost to our cadets. All that is required in return is your commitment to serve as an officer in the Air Force. The length of commitment depends on your career path and other opportunities, such as graduate or medical school, that may extend it.

    While others spend their college years unsure of their career outcomes and at great cost to their families, you will be on a fast track to something more. We’ll develop your skills, your character and your motivation. Your future with the Air Force will allow for focused ambition, purposeful self-discovery and impactful study during your college years.

    Our investment in developing well-rounded leaders at the Academy pays untold dividends to our nation. You get a free, top-notch education, free room and board, free medical and dental benefits and the opportunity for an exciting career as an officer in the Air Force. Our country gets leaders with drive, smarts, character and motivation. Everyone wins."

    Source:
    http://www.academyadmissions.com/commitment/
     
    Last edited: Feb 24, 2016
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  6. farmgirl1776

    farmgirl1776 Member

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    PERFECT! Thanks, gokings814!
     
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  7. Year2020

    Year2020 Member

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    Pima seems to be the best to answer that question on payback as I have seen he/she is very knowledgeable on this forum.
    Hopefully he/she will address it.
    As far as cost below is a link. I was told $416K. for USAFA and you can google that I might have even read that on the USAFA site.
    It's crazy to think with SA appointments and other scholarships one like myself could have over a million dollars in scholarships offered.
    I know my school uses those figures and they love it!
    http://www.serviceacademyforums.com...value-of-the-appointment-to-an-academy.25986/
     
    Last edited: Feb 24, 2016
  8. goforspaatz

    goforspaatz USAFA c/o 2020

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    You do have to payback SAs if you leave after the 2nd year. That rule applies to ROTC as well. And I think Pima is a she - could be wrong.
     
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  9. Year2020

    Year2020 Member

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    Thanks goforspaatz I corrected that I wouldn't want to offend anyone.:)
     
  10. AROTC-dad

    AROTC-dad Just a dad

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    Pima is definitely a mom!
     
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  11. Year2020

    Year2020 Member

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  12. Spud

    Spud BGO

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    When I was a Mid we characterized the years there as a "million dollar education shoved up your a___s a nickel at a time". At my last reunion in the big class meeting, the Alumni Association rep got up to put the regular squeeze on us for donations. He started off, "Gentlemen, remember that million dollar education shoved up your a___ses a nickel at a time? Well, we want it back.....every nickel."
     
  13. EOD/SEALmom

    EOD/SEALmom Member

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    "PRICELESS". :)
     
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  14. Blessedmom

    Blessedmom Member

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    Omg I am here cracking up at church Wed night service, oops back to prayers, elders are giving me dirty looks:)
     
  15. Blondie1

    Blondie1 Member

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    OMG ROTFLMA!
     
  16. Rocket17

    Rocket17 Member

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    Spud is a classmate. We're both Vietnam combat vets, so, alumni association aside, we've paid every nickel back, JMHO. Spud for his brown water Navy "incoming" and me for every night carrier landing. After surviving NVN AAA and SAMs. To say nothing of the hardships of military life.

    After which I was lucky enough to fly for a legacy major airline for 27 yrs.

    Worth it? Sure was!

    The Alumni Association... They're workin' on me...
     
  17. usna2021

    usna2021 New Member

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    Spud that was so very funny. This forum is a great place for answers. I just signed up and hope to one day serve my county and attend the USNA.
    I am currently doing everything I can to make that happen. I just want to thank all the people on this forum for the great information.
    This is my first post and I hope and pray I will be around here for years to come. Thanks everyone!
     
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