by our College Data Analytics TeamMany students attending United States Merchant Marine Academy can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Discover the financial aid possibilities at USMMA and learn what assistance you might qualify for by continuing to read.
United States Merchant Marine Academy average financial aid offer for freshmen students is $4,991.00. About 28% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at United States Merchant Marine Academy.
As well as scholarships, 11% of freshmen (27 total) obtained a federal grant, for about $4,991.00 a piece.
Institutional scholarship and grant information for freshmen attending USMMA is unavailable. This may be because the school serves mainly adult learners. Keep reading, and we may have some information below about all undergraduates.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.88% | $5,584.00 |
| Income 30k-48k | 1.57% | $5,370.00 |
| Income 48k-75k | 3.14% | $2,950.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 255 undergraduate students at United States Merchant Marine Academy around 28% (27 total) receive some form of grant aid. The typical amount awarded was $4,991.00.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.