College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Can You Afford Maine Maritime Academy?

Concerned about paying for college? Take a look at Maine Maritime’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $20,522 & $43,058

Worried about paying the full cost of $43,058 to attend Maine Maritime Academy? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Maine, the school offers a discount of 50.6% off tuition and fees. Also, 66.7% of freshmen receive some form of financial aid, with the average amount totaling $6,702. Students from low-income families receive an average of $8,156 in aid during their first year.

Cost for Residents of Maine (no aid)

Tuition and fees$14,058
+ Room and board$10,720
+ Other expenses$3,900
Total cost$28,678
Affordability Score (43 out of 100)
more expensive
less expensive

Net Price for Residents of Maine (with average aid)

Total cost$28,678
- Grants and scholarships$6,702
Net price$21,976
Affordability Score (38 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Maine

Total cost$28,678
- Grants and scholarships$8,156
Net price$20,522
Affordability Score (30 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$28,438
+ Room and board$10,720
+ Other expenses$3,900
Total cost$43,058
Affordability Score (26 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$43,058
- Grants and scholarships$6,702
Net price$36,356
Affordability Score (10 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$43,058
- Grants and scholarships$8,156
Net price$34,902
Affordability Score (6 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Maine Maritime.

Projected Costs Between $89,040 and $254,538 For a Four Year Degree. Between $43,490 and $124,811 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Maine Maritime Academy in 2020 - 2021 was $28,678. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 1.7% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $29,644 during their first year. By their senior year, that cost will be approximately $31,154, for a bachelor degree candidate ($30,139 for an associate degree candidate) for a total of $121,579 over the course of four years ($59,783 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $184,319 based on a yearly growth rate of 2.0%. The expected two-year cost is $90,380.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Maine Maritime Academy

Cost With Interest for Residents of Maine

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.2%1.7%
Freshman year$21,494$22,945$29,644
Senior year$21,997$23,445$30,139
Total 2-year net price$43,490$46,389$59,783
10-year loan interest @ 6.8%$16,568$17,673$22,775
Total monthly payment$500$534$688
Total amount paid$60,058$64,062$82,558
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.2%1.7%
Freshman year$21,494$22,945$29,644
Senior year$23,038$24,478$31,154
Total 4-year net price$89,040$94,823$121,579
10-year loan interest @ 6.8%$33,921$36,124$46,317
Total monthly payment$1,025$1,091$1,399
Total amount paid$122,961$130,948$167,896

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.3%2.0%
Freshman year$36,605$38,055$44,754
Senior year$37,487$38,934$45,626
Total 2-year net price$74,091$76,989$90,380
10-year loan interest @ 6.8%$28,226$29,330$34,431
Total monthly payment$853$886$1,040
Total amount paid$102,317$106,319$124,811
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.3%2.0%
Freshman year$36,605$38,055$44,754
Senior year$39,315$40,754$47,423
Total 4-year net price$151,797$157,576$184,319
10-year loan interest @ 6.8%$57,829$60,031$70,219
Total monthly payment$1,747$1,813$2,121
Total amount paid$209,626$217,607$254,538

Visit net price and financial aid to learn more about the total cost of attending Maine Maritime Academy.

Further Questions to Consider

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