value of USNA education

Discussion in 'Naval Academy - USNA' started by navy2016, Feb 27, 2012.

  1. navy2016

    navy2016 Member

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    What is the current value of a USNA education?
    This figure is needed for my school's guidance department.
    From posts years ago, I see 350-425k as a common range.
    Is there a more current number given by USNA or cited by the media?
     
  2. JettAirliner

    JettAirliner USNA Appointee 2016

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    I told mine 250k. My BGO's general statement.
     
  3. kinnem

    kinnem Moderator

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    At first I was wondering why they wqould need that, but then it occurred to me they must be preparing to total up the amount of scholarships received by the student body.
     
  4. navy2016

    navy2016 Member

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    Right on

    For us that know this is where we wanted to be, the $ value doesn't matter. SA education is priceless.
     
  5. MIDNDAD

    MIDNDAD Member

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    There is no "offical" value. Pick a number in that $350-400K rnage that makes you happy and tell your school that is the number to use.

    As a parent it is a very fun moment to watch all these kids be justfiably proud of $1000 to $10,000 scholorships and then have you kid have that huge number announced. Blows people away. Also, suggest you have your BGO attend and make the announcement. They really explain what commitment is all about.
     
  6. usna1985

    usna1985 USNA Alumnus

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    The number changes from year to year and different SAs have different numbers. It depends on what you measure and how you count it.

    I had great fun at a h.s. appointment presentation a number of years ago. The USAFA rep got up first and said the soon-to-be cadet was receiving an education worth $400,000. USMA rep got up second and said his cadet-to-be was receiving an education worth $350,000. That year, USNA's number was something like $275,000.

    So, I got up and said: "X isreceiving an education worth $275,000. That's our Navy and Marine Corps -- always doing more with less." Got a huge laugh, including from the ALO and MALO.:shake:

    The point being that you pick a number that seems reasonable. Don't try to "outdo" the other SAs as it can backfire (see above).
     
  7. engineer

    engineer Member

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    It's priceless. Already, as a plebe, DS has had the opportunity to shake hands with the Commander of the Joint Chiefs of Staff, high five the Secretary of Defense at a football game, speak about his experience at USNA to a room full of high school counselors from around the country, and listen to any number of incredible speakers at various lectures and forums. I can only imagine the opportunities that will present themselves over the next three years!
     
  8. kinnem

    kinnem Moderator

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    Maybe someday he'll be the one the plebes talk about shaking hands with! :thumb:
     
  9. dunninla

    dunninla Member

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    I recall that elite private universities that charge about $42,000 for tuition/fees this year point out on numerous occassions that "full tuition" does not come anywhere near the true cost of providing that education... that is, the cost of maintaining the entire University (net of Gov't and Private sector contracts, subsidies, etc.) divided by the number of students in attendance. So, just for fun, le's say the true, fully loaded cost of providing an education at a 4,500 student school is $90,000 per student, per year.

    That's the number the Service Academies may use as a start, then throw in room and board which averages $12,000 x 4 = $48,000.

    That brings us to $408,000.

    Or, you could ask the question differently: what does the next best alternative in the open market cost... say a Colgate, Notre Dame, Davidson, or an Ivy. Then the answer would be about $250,000, assuming the student does not receive any Merit or Need-Based monies.
     
  10. Mongo

    Mongo Banned

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    Add all the military training, including such things as YPs and summer training, which makes the SAs unique, and the cost differences would probably be nil.
     
  11. Pointer

    Pointer New Member

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    You should get a letter prompting you to complete the FAFSA that should include the value of the education you will be receiving. You should not have to wing it, the exact number is available somewhere.
     
  12. chiromed0

    chiromed0 Member

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    Had to do the same thing for our DS's HS graduation honors. Most of the academies list $215-230K as the value of the education. The AF & Navy figure of $350-400K is education AND military training (which other universities/colleges don't do). So apples to apples it's the $200's figure, roughly. The other is just to make it sound good b/c what I hear is they get that figure from taking total operating expenses of the entire school and divide by number of cadets which really isn't the same as other schools. So you could use either number and have justification for listing it but accurately is another thing.
     
  13. time2

    time2 Member

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    This gets asked every year, there is no 'exact' value of what an academy education is worth. It all depends on what you do or don't choose to count. Whatever value you end up with is rather arbitrary and isn't used for much beyond an announcement at graduation. USNA doesn't publish any 'official' figure for this purpose.
     

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