Student Incentive Payment (SIP)
Student Incentive Payment
A stipend of up to $32,000 for Strategic Sealift Midshipmen
As an incentive to become licensed officers in the U.S. Merchant Marine, the Maritime Administration (MARAD) provides a limited number of Student Incentive Payments to be awarded to eligible students. It is a voluntary program designed to assist in defraying the cost of tuition, uniforms, books, and subsistence in return for certain obligations on the part of the program midshipmen.
SIP is distributed once per semester at the following rates, not to exceed four academic years and $32,000.
- Freshman-Sophomore year - $2,000 per semester
- Junior-Senior year - $6,000 per semester