What Amount of Financial Aid is Available?
University of Maine at Machias' average financial aid package for newly arriving first year students is $14,801. Approximately 100.0% of new students receive some form of financial aid, most of which is scholarships and grants.
Financial aid helps decrease the cost, or the "sticker" price of the institution. However, bear in mind that the only true college discount are scholarships & grants.
Concerned about the loans that may be part of your financial aid package? View the average amount of debt per student at University of Maine at Machias.
How Much Is Offered in Scholarships & Grants?
These grants and scholarships are made up of mainly federally provided grants, and some state and local grants. 67.0% of first years at University of Maine at Machias (79 total) were awarded a federal grant, averaging $5,259. As well as grants, 95.0% of first years (112 total) got scholarships by the university, totaling $3,791 per student.
The chart directly below reveals the typical volume of scholarship and grant aid distributed to all freshmen.
Grants are typically based on need while scholarships are based on merit or ability.
Amount of Financial Assistance Per Family Income
The next chart displays grant and scholarship allocations by family income for freshmen receiving any sort of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||5.9%||$2,831|
Education funding from the government in the form of loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
$8,044 is the Average Total an Undergrad Will Get in Scholarships or Grants
486 University of Maine at Machias undergrads obtain grants (this is about 65.0% of the total student population). The typical amount these students obtain is $8,044
Financial Aid Links from University of Maine at Machias
|Financial Aid Department Website||machias.edu/scholarships-aid/financial-aid/|
|Net Price Calculator||machias.edu/admissions/tuition-fees/|