The purpose of this review of the California Maritime Academy (CMA) is to evaluate the cost-effectiveness of the academy and to determine whether alternative approaches for carrying out the academy's mission should be considered. This report contains four chapters. In the first chapter, we provide a brief history of the academy and a description of its program and operations. The second chapter consists of an analysis of the cost-effectiveness of the academy. Chapter III examines several alternatives to continuation of the current level of state support for the CMA. Finally, the last chapter contains our conclusions and a recommendation.