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4). U.S. Air Force Academy
In addition to free tuition, students receive a stipend to cover all other costs at this prestigious academy in Colorado. There are very high standards for applicants and students straight through to graduation. After four years, graduates are commissioned as second lieutenants in the Air Force.
The catch? Each cadet will serve at least five years as an active duty officer after graduation, although many opt to stay in the military for much longer.
5). U.S. Coast Guard Academy
This Connecticut-based service academy is also quite selective and rigorous. Many students study engineering and environmental science during the highly structured four-year program. Aside from purchasing uniforms, all students receive scholarships to cover tuition and room and board.
The catch? Students must commit to five years of service after completing their schooling. About 80 percent of cadets go to sea after graduation.
6). U.S. Merchant Marine Academy
Tuition, room and board, uniforms and books are all covered at this service academy in New York. It’s known for having the hardest academic standards but the widest variety of career options of all the service academies. After graduation, cadets can enter any branch of the armed forces as an officer.
The catch? Every graduate must maintain their merchant marine officer’s license for six years and there is a service obligation, which varies depending on what type of job they choose.
7). U.S. Military Academy – West Point
This highly competitive military academy has a 9 percent acceptance rate. Students are focused and work hard without exception. In return for a stellar education and training, West Point is fully funded. Students receive free tuition in addition to a stipend of about $10,000 a year. After their years of military service, many graduates go on to successful careers in politics and business, Soto said.
The catch? Graduates must serve at least five years of active duty and three years in the reserves.
8). U.S. Naval Academy
The Navy picks up the tab for tuition and room and board for all students at “The Yard” in Annapolis, Maryland. Midshipmen are highly motivated and disciplined, and many go on to have prominent careers within and outside the military.
The catch? All graduates must serve at least five years as an officer followed by the reserves.
9). Webb Institute
Founded by the shipbuilder William Webb, this little engineering college in New York is tailor-made for those who want to pursue a very specific career. Every student receives a full scholarship to cover tuition to study naval architecture and marine engineering. Because of the school’s reputation, graduates are highly employable. In fact, there’s generally a 100 percent placement rate after graduation.
The catch? Webb offers only one academic major and one degree, and “students eat, sleep, study ship design,” said Soto.
Source: CNBC
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