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How Much Maritime Fin Aid Could You Qualify For?

Rather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.

However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.

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What Percentage of Students Receive Financial Assistance?

$10,967.00 is the typical Massachusetts Maritime Academy’s first year financial aid package. About 95% of first year students receive financial aid, most of which is in the form of grants and scholarships.

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Lowering the Cost of College

Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.

What About College Loans?

Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Massachusetts Maritime Academy.

How Much Aid Is Offered in Grants & Scholarships?

Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.

The numbers listed below make reference to help that is offered by Massachusetts Maritime Academy.

72% of new students (291 total) were given scholarships at Massachusetts Maritime Academy, averaging $11,640.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.

As well as scholarships, 18% of freshmen (74 total) received a federal grant, for about $5,050.00 a person.

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Amount of Financial Assistance By Income Level

The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k3.71%$22,223.00
Income 30k-48k2.48%$21,048.00
Income 48k-75k7.18%$16,503.00
Income 75k-110k8.42%$7,684.00
Income 110k +25.00%$3,767.00

Title IV Aid

The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.

The Average Undergraduate Who Gets a Grant or Scholarship Will Get $10,967.00.

95% of the 404 undergraduates at Massachusetts Maritime Academy receive some sort of grant aid. This is a total of about 291 students getting an average of $10,967.00 per person.

Exploring the Cost Breakdown of Tuition and Fees?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

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