Organization
The Academy operates on an $85 million annual budget funded by the US Department of Transportation and is administered by the U.S. Maritime Administration (“MARAD”)
The entire student body is referred to as the Regiment of Midshipmen. The Regiment is subdivided into two battalions and five companies: First, Second, Third, Fourth, and Band, with First and Second Companies making up First Battalion and Third and Fourth Companies making up Second Battalion. Company assignment is random, although candidates who have experience playing a musical instrument are offered the privilege of joining Band Company.
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