by our College Data Analytics TeamA large number 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 total cost of going to University of Maine can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will UMaine provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at University of Maine.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at University of Maine, 99% of the incoming full-time class was awarded financial aid roughly 1786 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $12,909 |
| Institutional grants & scholarships | 97% | $10,335 |
| Federal Pell grants | 29% | $5,081 |
| State/local grants | 23% | $2,503 |
| Federal student loans | 54% | $5,221 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At UMaine, about 78% of undergraduates were awarded an average grant or scholarship of $11,894 (across approximately 7329 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $11,894 |
| Federal Pell grants | 23% | $4,996 |
| Federal student loans | 42% | $6,306 |
For students living on campus and receiving title-IV aid, grants averaged $9,818.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,760 |
| $30,001 – $75,000 | $15,265 |
| Over $75,000 | $21,228 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,510 |
| Off-campus title-IV students | $18,045 |
For an estimate tailored to your family circumstances, see UMaine’s online cost calculator: go.umaine.edu/netpricecalculator/.
The middle student in the debt distribution at UMaine owes $16,750 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,750 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at UMaine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,300 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,500 |
| Middle income | $17,500 |
| High income | $16,760 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,490 |
| Continuing-generation students | $17,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $16,841 |
These indicators are derived from the underlying debt data and summarize the overall picture at UMaine.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at UMaine:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37392 |
| Total Stafford loan amount | $702,189,743 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 187 |
| Total GI Bill amount | $1,590,950 |
| Average GI Bill amount per recipient | $8,508 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $18,000 |
| Average DoD amount per recipient | $4,500 |
References
More about our data sources and methodologies.