by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Central Maine Community College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Central Maine Technical College deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Central Maine Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Central Maine Community College, 99% of first-year full-time students received aid of some kind (about 918 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $6,466 |
| Institutional grants & scholarships | 24% | $1,535 |
| Federal Pell grants | 54% | $6,179 |
| State/local grants | 96% | $2,725 |
| Federal student loans | 19% | $4,475 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 60% of undergraduates were awarded grant or scholarship aid averaging $6,349 (for some 2484 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,349 |
| Federal Pell grants | 35% | $6,329 |
| Federal student loans | 14% | $5,484 |
On-campus students receiving title-IV aid were awarded grants averaging $8,088.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,153 |
| $30,001 – $75,000 | $7,830 |
| Over $75,000 | $10,798 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,975 |
| Off-campus title-IV students | $7,489 |
To get a personalized net price estimate, try Central Maine Technical College’s net price calculator: www.cmcc.edu/npc/npcalc.htm.
The median federal debt load at Central Maine Technical College comes to $6,568 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,568 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Central Maine Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $4,080 |
| 75th percentile | $15,272 |
| 90th percentile (highest-debt students) | $25,088 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,242 |
| Middle income | $5,569 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,000 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Central Maine Technical College.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Central Maine Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7701 |
| Total Stafford loan amount | $87,274,763 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $44,591 |
| Average GI Bill amount per recipient | $2,027 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $2,688 |
| Average DoD amount per recipient | $672 |
References
More about our data sources and methodologies.