USNA financial help

Discussion in 'Naval Academy - USNA' started by wb4018, Dec 5, 2013.

  1. wb4018

    wb4018 New Member

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    I am currently an E-4 in the navy who just got accepted into USNA. I have not found a definite answer and was hoping one could help me. How will my pay be affected upon entering the academy? Being enlisted I am not a dependent and need to know this answer so i can work out my finances.
     
  2. MemberLG

    MemberLG Member

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    Midshipmen pay is $929.40 monthly, from which laundry, barber, cobbler, activities fees, yearbook and other service charges are deducted. Actual cash pay is $100 per month your first year, which increases each year thereafter.

    http://www.usna.edu/Student-Life/General-Information-for-Midshipmen.php

    If you are living off base and have a lease, you should able to break your lease with your reassignment orders to the Naval Academy (whatever Navy does)

    If you have car payments, my guess is that $100 a month is not going to cover it.
     
  3. trini1066

    trini1066 Member

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    Not positive about Priors going direct into the USNA, but if you go to NAPS first, You keep your same pay. I am not sure why they would apply this to NAPS and not the USNA.
     
  4. MemberLG

    MemberLG Member

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    When a sailor enters NAPS, he or she retains the rank as there is no pre-midshipman military rank.

    When you enter the Naval Academy, your rank becomes MIDSHIPMAN. Enlisted time should count after graduation getting paid as O1 E.
     
  5. usna1985

    usna1985 USNA Alumnus

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    I would contact the senior enlisted in the Admissions Office. No doubt he will have the answer.
     
  6. nuensis

    nuensis USNA 2016

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    Base Pay for MIDN is $1006.

    Deductions (federal taxes, ACE loan, AA, NAAA, class fund, barber, laundry, etc) total to $622.

    So $384/month, if you don't have SGLI, you don't participate in CFC, and you don't midcharge anything.

    Might be different for a prior, but that's the general deal for most midshipmen.

    You won't see $384/month, of course. 4/C get $100, 3/C get $200, 2/C get $300.
     
  7. Seavoyager

    Seavoyager Member

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    If you can tough it out financially for the first 2 yrs, you will have the option of taking a $30K-$35K loan at a very low interest rate (0.5%-1.5%) upon entering your 3rd yr. If managed correctly, this is a really good deal!
     

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