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Can You Afford to Attend Maine Maritime Academy?

Below is the data on what it actually costs to attend Maine Maritime Academy, from sticker cost of attendance and projected degree cost to net price, debt at graduation, and aid breakdowns.

$30,166.00 Cost of Attendance
$23,414.00 Avg Net Price
$26,812.00 Median Grad Debt

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What You Will Pay to Attend Maine Maritime Academy?

Attendance costs at Maine Maritime Academy came in between $30,166.00 and $46,110.00 depending on whether you qualify for in-state rates.

The lower figure reflects the in-state rate and the higher figure the out-of-state rate: about $30,166.00 in-state, rising to $46,110.00 for non-residents.

Cost is shown below as the full sticker price, the average net price after aid, and the low-income net price.

Sticker Cost for Residents (no aid)

Tuition and fees $15,158.00
+ Room, board & other expenses $15,008.00
Total cost $30,166.00
That is 57% above the national average net price.

Net Price for Residents (with average aid)

Total cost $30,166.00
− Grants and scholarships −$7,632.00
Net price $22,534.00
That is 17% above the national average net price.

Average Net Price for Low-Income Residents

Total cost $30,166.00
− Grants and scholarships −$21,535.00
Net price $8,631.00
That is 55% below the national average net price.

Cost for Non-Residents (no aid)

Tuition and fees $31,102.00
+ Room, board & other expenses $15,008.00
Total cost $46,110.00
That is 140% above the national average net price.

Net Price for Non-Residents (with average aid)

Total cost $46,110.00
− Grants and scholarships −$7,632.00
Net price $38,478.00
That is 100% above the national average net price.

Average Net Price for Low-Income Non-Residents

Total cost $46,110.00
− Grants and scholarships −$21,535.00
Net price $24,575.00
That is 28% above the national average net price.
For the full breakdown, see the tuition & fees page and living costs.

The Long-Run Cost of a Degree at Maine Maritime Academy

Published costs have climbed year over year by around 2.1% annually, so the projections below total more than one year of attendance. The projections below run a full degree for a low-income aided student, an average-aid student, and the full sticker price. The loan rows amortise the projected total over a ten-year, 6.8% repayment.

For In-State Residents

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 2.1% 2.1% 2.1%
Freshman year $8,809.00 $22,999.00 $30,788.00
Senior year $9,366.00 $24,452.00 $32,734.00
Total 4-year net price $36,342.00 $94,883.00 $127,018.00
10-year loan interest @ 6.8% $13,845.00 $36,147.00 $48,389.00
Total monthly payment $418.00 $1,092.00 $1,462.00
Total amount paid $50,187.00 $131,030.00 $175,408.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 2.1% 2.1% 2.1%
Freshman year $8,809.00 $22,999.00 $30,788.00
Senior year $8,991.00 $23,474.00 $31,424.00
Total 2-year net price $17,800.00 $46,473.00 $62,212.00
10-year loan interest @ 6.8% $6,781.00 $17,704.00 $23,701.00
Total monthly payment $205.00 $535.00 $716.00
Total amount paid $24,581.00 $64,177.00 $85,913.00

For Out-of-State Students

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 2.1% 2.1% 2.1%
Freshman year $25,082.00 $39,272.00 $47,061.00
Senior year $26,667.00 $41,754.00 $50,035.00
Total 4-year net price $103,477.00 $162,017.00 $194,153.00
10-year loan interest @ 6.8% $39,421.00 $61,723.00 $73,965.00
Total monthly payment $1,191.00 $1,864.00 $2,234.00
Total amount paid $142,897.00 $223,740.00 $268,118.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 2.1% 2.1% 2.1%
Freshman year $25,082.00 $39,272.00 $47,061.00
Senior year $25,600.00 $40,082.00 $48,033.00
Total 2-year net price $50,682.00 $79,354.00 $95,094.00
10-year loan interest @ 6.8% $19,308.00 $30,231.00 $36,227.00
Total monthly payment $583.00 $913.00 $1,094.00
Total amount paid $69,990.00 $109,585.00 $131,321.00

Jump to the net-price detail in the Net Price section.

Net Price at Maine Maritime Academy

The net price figure shows the cost after grants and scholarships are deducted. This is the more honest cost figure for most families, since it accounts for institutional and federal aid.

Average net price (on-campus) $23,414.00
Average net price (off-campus) $21,185.00

The real cost varies by income because need-based aid scales with financial need. The table below shows the average net price by family-income bracket:

Family income Average net price
Under $30,000 $12,499.00
$30,000 to $48,000 $16,642.00
$48,001 to $75,000 $18,372.00
$75,001 to $110,000 $22,427.00
Over $110,000 $25,342.00

Use Maine Maritime Academy Net Price Calculator, or check with the financial aid office.

Want to know how that aid is awarded? See the financial aid breakdown.

How Much Do Students Borrow at Maine Maritime Academy

Median graduate debt at Maine Maritime Academy comes to $26,812.00, which the Department of Education classifies as a Moderate ($20-30k) burden tier.

The percentile breakdown reveals the full debt landscape:

Percentile Debt at graduation
10th $5,500.00
25th $12,750.00
Median (50th) $26,812.00
75th $28,253.00
90th $38,074.00

The distance from the 10th to the 90th percentile shows how widely debt outcomes vary.

Dig deeper into debt on the student loan debt detail.

Income and Debt Outcomes at Maine Maritime Academy

Family income tracks closely with debt at graduation. Below, debt is broken out by low, middle, and high family income:

Family income Median debt at graduation
Low income $24,575.00
Middle income $27,000.00
High income $26,584.00

Debt by First-Generation Status at Maine Maritime Academy

First-generation college students often carry different debt loads than their continuing-generation peers.

Student group Median debt at graduation
First-generation students $26,900.00
Continuing-generation students $26,220.00

First-generation graduates from Maine Maritime Academy take on $680.00 more than continuing-generation graduates.

How Pell Eligibility Shapes Debt at Maine Maritime Academy

Pell Grants are the federal government’s primary need-based undergraduate aid program. Contrasting Pell and non-Pell borrowers shows how need shapes debt.

The Pell vs non-Pell debt gap at Maine Maritime Academy works out to $315.00. This school is flagged by the Department of Education for Pell-related debt inequity.

How Borrowers Repay Loans After Maine Maritime Academy

The Department of Education default-rate tier for Maine Maritime Academy is Low (<5%).

Window Cohort default rate
2-year 3.2%

To give some context for these rates, Stafford loans disbursed at Maine Maritime Academy reach $51,498,147.00 across 3,185 disbursements.

Military and Veteran Aid at Maine Maritime Academy

Veterans and current servicemembers may be eligible for major federal education benefits such as the Post-9/11 GI Bill and DoD Tuition Assistance.

GI Bill recipients 51
Avg GI Bill amount $18,053.00

Explore GI Bill and military aid in detail on the veterans benefits detail.

Questions to Ask Before You Commit

Numbers only tell part of the story. As you weigh Maine Maritime Academy, the questions below are worth your time:

Keep Researching on Maine Maritime Academy

For a closer look at any of these topics, follow the links below:

Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.

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