My kid and other fellow college midshipmen generally were receiving $7-8,000 checks from the school per semester over the course of their scholarships. My kid was fully funding Roth IRAs DURING college. Thank you US Navy and the college!
Then my kid’s payback comes as a US Navy (bonus heavy) eSWO (N) - a nuclear SWO. Two years as a regular SWO, home ported in Europe, a year of nuke school in South Carolina and then sitting in a nuclear reactor on a carrier 12-16 hours a day for 2 years. (But dad, they’re also giving me more than a $150,000 in bonuses during my commitment.) Strangely enough, head hunters are already “reaching out” to build relationships for future days after the Navy.
It might be seen as a “free” education but there’s definitely something the Navy gets from its nuclear officers and all of them for that matter. Hopefully the kid’s mental health stays strong on the nuclear leg of the commitment - it sounds hellish.
Support your kids.