Best Value Colleges - #1 United States Merchant Marine Academy

Discussion in 'Merchant Marine Academy - USMMA' started by cousmma5280, Apr 22, 2017.

  1. cousmma5280

    cousmma5280 Member

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    College ROI (Return On Investment) Report:
    Best Value Colleges
    #1 United States Merchant Marine Academy

    With the average college student graduating with tens-of-thousands of dollars in student loans, prospective college students, parents and policymakers are all trying to better understand the value of college education, particularly as it applies to future decisions in the job market.
    http://www.payscale.com/college-roi

    Rank School Name
    20 Year Net ROI |Total 4 Year Cost | Graduation Rate | Typical Years to Graduate | Average Loan Amount
    1
    [​IMG] United States Merchant Marine Academy (USMMA)(Federal)
    $1,056,000 $33,100 72% 4 Years $12,300

    2
    [​IMG] Harvey Mudd College(Private)
    $962,000 $260,000 90% 4 Years $24,400

    3
    [​IMG] Massachusetts Institute of Technology (MIT)(Private)
    $959,000 $240,000 91% 4 Years $32,200
     
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  2. KenJ

    KenJ Member

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    Careful: that particular recognition can be a two edged sword.
     
  3. beyond

    beyond KπΣ15' 5-Year Member

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    How?
     
  4. KenJ

    KenJ Member

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    Encourages appropriators to consider tuition, perhaps especially in an era of horrendous federal deficits. Why should the taxpayer pay the freight for someone who's going into a CIVILIAN career making close to $100K/year right out of school, particularly when there are SA's that are not funded (or barely funded) by Uncle? Obviously this would not be directly applicable to those who opt for active duty, but that is a much smaller minority (and hopefully will remain so ... my view).
     
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  5. Blessedmom

    Blessedmom Member

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    That's wonderful! Feel USMMA sometimes gets overlooked, hope they get more federal funding, & with new Prez they might? I also heard SUNY Maritime & CO School of Mines & Stevens were also very good:) USMMA should do more outreach to high school students & provide summer seminars because it is a true hidden gem;)
     
  6. cmakin

    cmakin 5-Year Member

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    Back when I was getting into KP, my fall back was South Dakota School of Mines; largely because the Colorado school was too expensive. . .
     
  7. cb7893

    cb7893 5-Year Member

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    Mom, think about what you just typed. It's wonderful that USMMA, already 100% covered by the Federal Gov't, is the best college deal in the country and you hope that the new self-proclaimed "Conservative" President subsidizes job training (even more) for Maersk, Dry Ships, Transocean, et. al.

    It is definitely a new world.

    Exactly!
     
  8. TBoro

    TBoro Member

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    Well, it gives an opportunity for students who can't afford a 40k per year tuition to get into the field such as myself lol
     
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  9. KPEngineer

    KPEngineer Eternal Father ... 5-Year Member

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    All it takes to get into the field is about $200 for a Z-card and TWIC. That, a thick skin and a willingness to work hard will take you just as far at sea as a Maritime Academy Education.
     
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  10. beyond

    beyond KπΣ15' 5-Year Member

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    We went through this in the other thread.

    KP is actually a very inexpensive way of ensuring that the navy can move stuff over the horizon. The value in KP is the reserve commission that allows big navy to force people to crew up ships if they ever need to. By putting KP'rs to work in the civilian industry it saves the navy a ton, they have a huge ready to go force, practicing the skills they need, and it costs the navy very little (two weeks of ADT a year). That is the value in KP, and why it is very different from the state schools, who aren't producing enough SIP grads at the moment.
     
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  11. sevenrider860

    sevenrider860 Member

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    I understand that viewpoint and there may be some in government that share that same view. However others look at USMMA as "insurance"...for lack of a better description.

    The USMMA student may graduate into a civilian career...but there is an 8 year reserve commitment. This is not much different to the large number of ROTC scholarships and other tax payer funded programs where the recipients graduate into a civilian career with a Reserve or National Guard commitment. The taxpayer investment is not having the person on active duty today, but the ability to recall them if needed in the future.

    There was a 2006 paper titled "Sealift and the U.S. Merchant Marine: Vulnerabilities and Implications For Defense" written by Jonathan Christian at the Naval Post Graduate Institute.

    "This study determines which of the two critical variables--vessel or personnel availability--will have the greater impact on strategic sealift given the post-Cold War geopolitical and fiscal environment, and examines the key implications of a depressed U. S.-flag Merchant Marine (and maritime industry) on contingency planning."

    The resulting analysis concluded:

    "Using Operations Desert Shield/Storm as a conceptual model for future sealift scenarios, this analysis concludes that mariner availability, not ship availability, will be the sealift 'Achilles' heel' in a nearly simultaneous two MRC scenario."

    The "mariner availability" is what the tax payer is getting for their money.
     
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  12. cb7893

    cb7893 5-Year Member

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    Two Points:

    1. KP is indeed cheap. There is no end to the complaints on this SAF about the poor facilities, poor food, lack of funding at KP. Why not have those using US waterways, often times employing KP and State Maritimes contribute to the training of their crews. The US exports 55 mil tonnes of soybeans each year. A levy of $.01/tonne would produce $550k of revenue. That's just soybeans, a tiny part of the commerce moving through US waterways.

    2. KP may be cheap but it is only a tiny part of the Jones Act monstrosity, whose costs to the economy are almost impossible to calculate; hence the term "Monstrosity". We export Crude Oil, Gasoline and Distillates from the TX and LA Gulf, while importing Crude from Nigeria, the ME, et. al. into the US Eastern Seaboard.
     
  13. cousmma5280

    cousmma5280 Member

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    Best Value Colleges - #1 United States Merchant Marine Academy
    College ROI (Return On Investment) Report (above)

    Estimated * Midshipman Fees for Four years = $3,240
    Tuition = $0
    Room & Board = $0
    Uniforms = $0
    Books = $0

    * From the Class of 2022 Logging In Book
     

    Attached Files:

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  14. cousmma5280

    cousmma5280 Member

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    *Plebe Candidates incur additional expenses

    Laptop = $1,665
    Laptop Accessories = $270
    Plebe Kit = $483
    Plebe Educational Kit = $130 (Deck) or $162 (Engine)
    Plebe Laptop.jpg Plebe Kit.jpg Plebe Kit 2.jpg Education Kit.jpg
    * From the Class of 2022 Logging In Book
     
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