by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Maine Maritime Academy can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Maine Maritime deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Maine Maritime Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Maine Maritime Academy, 100% of new full-time first-years were awarded at least some aid (about 231 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,699 |
| Institutional grants & scholarships | 100% | $6,196 |
| Federal Pell grants | 19% | $4,684 |
| State/local grants | 14% | $3,183 |
| Federal student loans | 59% | $5,371 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 85% of undergraduates were awarded grant or scholarship aid averaging $9,332 (across approximately 752 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $9,332 |
| Federal Pell grants | 25% | $5,109 |
| Federal student loans | 58% | $6,680 |
Title-IV recipients living on campus saw average grant aid of $7,632.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,341 |
| $30,001 – $75,000 | $17,770 |
| Over $75,000 | $24,427 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $23,414 |
| Off-campus title-IV students | $21,185 |
For an estimate tailored to your family circumstances, see Maine Maritime’s net price calculator: npc.collegeboard.org/app/mainemaritime.
The median student at Maine Maritime graduates with $26,812 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $26,812 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Maine Maritime.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,750 |
| 75th percentile | $28,253 |
| 90th percentile (highest-debt students) | $38,074 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $24,575 |
| Middle income | $27,000 |
| High income | $26,584 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $26,900 |
| Continuing-generation students | $26,220 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $26,595 |
| Independent students | $32,235 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Maine Maritime.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Maine Maritime:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3185 |
| Total Stafford loan amount | $51,498,147 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 51 |
| Total GI Bill amount | $920,703 |
| Average GI Bill amount per recipient | $18,053 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.