2) Founded in 1876, it actually resides in New London, Connecticut (which means most Americans might as well be right). The Academy is a four-year military-college-ish environment that ostensibly educates and trains young Coast Guard officers.
2) Academy graduates are lovingly referred to by OCS graduates as "Academy Pukes."
USCGA Cadet: I go to the Coast Guard Academy
American Citizen: What's the Coast Guard Academy? Are you in the Navy/Air Force?
USCGA Cadet: The mission of the United States Coast Guard Academy is to graduate young men and women with sound bodies, stout hearts, and alert minds...
OCSGRAD1: Hey, man did you get your billet on the Diligence?
OCSGRAD2: NO! Some Academy Puke got it first.