by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at University of Maine at Augusta can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can UMA provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover 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. The figures below will help you estimate the aid you might receive from University of Maine at Augusta.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at University of Maine at Augusta, 92% of the incoming full-time class was awarded financial aid approximately 167 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $7,323 |
| Institutional grants & scholarships | 60% | $2,883 |
| Federal Pell grants | 58% | $5,427 |
| State/local grants | 57% | $2,909 |
| Federal student loans | 40% | $5,333 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 45% of undergraduates were awarded an average grant or scholarship of $6,232 (covering around 1916 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $6,232 |
| Federal Pell grants | 33% | $4,379 |
| Federal student loans | 26% | $6,954 |
For on-campus title-IV students, average grant aid came to $8,128.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,618 |
| $30,001 – $75,000 | $11,024 |
| Over $75,000 | $13,784 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,924 |
| Off-campus title-IV students | $11,353 |
For a customized cost estimate, visit UMA’s NPC: www.uma.edu/financial/costs/net-cost-calculator/.
The median federal debt load at UMA comes to $13,215 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,215 |
| Median federal debt (graduates only) | $22,734 |
| Typical 10-year monthly payment (graduates) | $241.02/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at UMA.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,698 |
| 25th percentile | $5,492 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $41,621 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,748 |
| Middle income | $12,500 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,550 |
| Continuing-generation students | $11,544 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,500 |
| Independent students | $15,829 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. UMA.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at UMA:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17041 |
| Total Stafford loan amount | $304,097,995 |
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 | 98 |
| Total GI Bill amount | $664,582 |
| Average GI Bill amount per recipient | $6,781 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 31 |
| Total DoD amount | $101,517 |
| Average DoD amount per recipient | $3,275 |
References
More about our data sources and methodologies.