That figure is very exaggerated. The total cost for each of my KP kids (class of 2013 and class of 2021) for the total four years was under $10,000 each. The first year will be the most expensive because you will be required to buy your computer as well as a package of materials which will be different depending on whether you select a deck or engine major. You will also have to provide your own approved health insurance or buy the policy offered by the academy which will add $1,500-$2,000 per year. Your expenses will drop significantly for your third and second class years much of which you spend at sea, then go up a bit in first class year when there are expenses related to graduation. Also, keep in mind that you will be paid about $1,200 or more per month for your time at sea. If cost is an issue for you, KP has a very helpful staff in the financial aid office. You can use most outside scholarships and you can also apply for specific maritime scholarships after your first year. In addition, many financial awards are given to the graduating class each year, from hundreds or even thousands per year. Good luck with your decision.