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.
USNA financial help
- Thread starter wb4018
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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.
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.
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.
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.
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.
Seavoyager
5-Year Member
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- May 20, 2013
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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!