Federal student subsistence allowances and student incentive payments (for State Maritime Academy Federally-appointed USNR Midshipmen), retrieved February 17, 2017 ↑ Note: Midshipmen are expected to use their $8,000 annual student incentive payments (paid quarterly, up to $32,000 over 4 years) to defray any costs of uniforms, books, and subsistence not covered by the academy or state. Breach of contract, either before or after graduation, subjects the recipient of at least 2 years of such payments to recoupment, partial recoupment, waiver of indebtedness, or required military service in the armed force of the MARAD Administrator's choice (as approved by the Secretary of Defense or Homeland Security) of up to 2 years. ↑ Shipping Out; Maria Brooks producer. The United States Merchant Marine Academy in Kings Point also changed its admission policy in 1974, becoming the first national academy (two years ahead of, Navy, Air Force or Coast Guard) to enroll women Archived 2007-03-11 at the Wayback Machine.