by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to University of Southern Maine can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can University of Southern Maine provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Southern Maine.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at University of Southern Maine, 97% of the incoming full-time class was awarded financial aid approximately 668 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $11,188 |
| Institutional grants & scholarships | 89% | $7,272 |
| Federal Pell grants | 46% | $5,384 |
| State/local grants | 38% | $2,561 |
| Federal student loans | 53% | $5,099 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 60% of undergrads got grants or scholarships worth on average $9,805 (among about 3320 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $9,805 |
| Federal Pell grants | 28% | $5,015 |
| Federal student loans | 35% | $6,430 |
For students living on campus and receiving title-IV aid, grants averaged $10,121.
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 | $7,627 |
| $30,001 – $75,000 | $9,785 |
| Over $75,000 | $16,166 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,596 |
| Off-campus title-IV students | $11,729 |
For a personalized estimate based on your family’s financial situation, use University of Southern Maine’s net price calculator: usm.maine.edu/student-financial-services/net-price-calculator.
Graduating students at University of Southern Maine carry a median federal student debt of $12,887 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,887 |
| Median federal debt (graduates only) | $19,060 |
| Typical 10-year monthly payment (graduates) | $202.07/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at University of Southern Maine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,751 |
| 25th percentile | $5,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $35,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,665 |
| Middle income | $13,001 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,767 |
| Continuing-generation students | $13,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $15,768 |
These indicators are derived from the underlying debt data and summarize the overall picture at University of Southern Maine.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at University of Southern Maine:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28716 |
| Total Stafford loan amount | $632,431,277 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 134 |
| Total GI Bill amount | $1,176,175 |
| Average GI Bill amount per recipient | $8,777 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 24 |
| Total DoD amount | $70,641 |
| Average DoD amount per recipient | $2,943 |
References
More about our data sources and methodologies.