by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Interested in understanding the financial aid resources available at UMA and your eligibility? Find the answers you seek below.
$6,163.00 is the typical University of Maine at Augusta’s first year financial aid package. Financial aid is provided to about 90% of first-year students, with the bulk of support coming in the form of loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
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 University of Maine at Augusta.
As well as scholarships, 86% of freshmen (224 total) obtained a federal grant, for about $3,559.00 a piece.
The following scholarships and grants are made up of mainly federally provided grants, plus some state and local grants.
86% of freshmen at University of Maine at Augusta (224 total) received a federal grant, averaging $3,559.00.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 35.14% | $7,774.00 |
| Income 30k-48k | 12.74% | $7,523.00 |
| Income 48k-75k | 12.36% | $5,773.00 |
| Income 75k-110k | 7.34% | $1,837.00 |
| Income 110k + | 3.09% | $1,651.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
90% of the 259 undergraduates at University of Maine at Augusta receive some sort of grant aid. This is a total of about 231 students getting an average of $6,163.00 per person.The majority of which come in the form of 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.