Originally Posted by LOL!
... although some was inflated notoriously because the service academies say admittance is worth over $400K. They must be including your salary for 4 years after your degree as well.
Heck, in 1982 it was supposed to be "only" $250K, and adjusted for inflation that works out to $565K. Those who believe the CPI is understated might figure reality to be closer to $750K. Then there's the "hedonic adjustments" like air-conditioning the midshipman dorm.
Of course if we're only paying $400K for an education worth $565K then we're getting an incredible bargain for our tax dollars at work.
I haven't seen a spreadsheet lately, but I'm pretty sure that the service-academy administrations add up their annual expenses and divide by the number of students. That doesn't even begin to count the costs of "professional equipment" like fuel for the yard patrol craft, sailing equipment, firearms, and ammunition...