by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Massachusetts Maritime Academy can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does Maritime provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Massachusetts Maritime Academy.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Massachusetts Maritime Academy, 95% of new full-time first-years were awarded at least some aid (about 339 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $16,502 |
| Institutional grants & scholarships | 90% | $11,830 |
| Federal Pell grants | 18% | $5,992 |
| State/local grants | 40% | $7,491 |
| Federal student loans | 88% | $5,510 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Maritime, approximately 69% of undergraduates were awarded grant or scholarship aid averaging $16,183 (across approximately 875 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $16,183 |
| Federal Pell grants | 19% | $5,200 |
| Federal student loans | 81% | $6,956 |
On-campus students receiving title-IV aid were awarded grants averaging $9,785.
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 | $7,320 |
| $30,001 – $75,000 | $12,405 |
| Over $75,000 | $31,580 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,582 |
| Off-campus title-IV students | $26,661 |
To get a personalized net price estimate, try Maritime’s NPC: www.maritime.edu/netprice/.
The median federal debt load at Maritime comes to $20,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Maritime.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,243 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,104 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,540 |
| Middle income | $20,123 |
| High income | $21,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,500 |
| Continuing-generation students | $21,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $23,914 |
The figure below distills the debt data into a single burden category for Maritime.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Maritime:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3891 |
| Total Stafford loan amount | $58,028,536 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $239,293 |
| Average GI Bill amount per recipient | $10,877 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,027 |
| Average DoD amount per recipient | $1,027 |
References
More about our data sources and methodologies.