M
Public 4 Year

Maine Maritime Academy Tuition & Cost

Castine, Maine

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How much does it cost to attend?

In State Maine Resident Sticker Price
$28,208
In State Costs for Maine Maritime Academy
Fee Cost
Tuition$10,764
Books and Supplies$1,000
Other Fees$3,028
Room and Board $10,516
Other Expenses Budget$2,900
Out of State Resident Sticker Price
$42,236
Out of State Costs for Maine Maritime Academy
Fee Cost
Tuition$24,792
Books and Supplies$1,000
Other Fees$3,028
Room and Board $10,516
Other Expenses Budget$2,900

Residents of Maine pay an annual total price of $28,208 to attend Maine Maritime Academy on a full time basis. This fee is comprised of $10,764 for tuition, $10,516 room and board, $1,000 for books and supplies and $3,028 for other fees.

Out of state residents are charged a total cost of $42,236 which is 49.7% higher than Maine residents. The tuition charge is $24,792 while room and board is $10,516, books and supplies are $1,000 and other fees come in at $3,028.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Maine Maritime Academy when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$20,728
Net Price by Income Maine Maritime Academy
Family Income Net Price Paid
$0 to $30,000$19,331
$30,001 to $48,000$23,097
$48,001 to $75,000$23,469
$75,001 to $110,000$23,250
$110,000+$24,916

The average reported annual net price for Maine Maritime Academy for students receiving grants or scholarship aid was $20,728 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

67% of full-time undergrad Maine Maritime Academy received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,702 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 87% of students received Federal Student Loans averaging $5,349 and 39% of undergrads took out private student loans averaging $17,602.

Finanical Aid Maine Maritime Academy
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,702 67%
Institutional Grants and Scholarships $6,089 39%
Pell Grants $4,322 36%
Other Federal Grants $845 16%
State and Local Grants $1,564 25%
Federal Student Loans $5,349 87%
Other Student Loans $17,602 39%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Maine Maritime Academy, we've modeled a ten year student loan with an original principal value of $67,400. The loan balance of $67,400 is a four year multiple of the $16,850 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $643 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $67,400
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $643.07
Total Interest Paid $9,768.44
Sum of All Loan Payments $77,168.44

Projected 4 Year Degree Price

4 Year Sticker Price
$112,832
Year Maine Residents Non Residents
1 $28,208 $42,236
2 $28,999 $43,421
3 $29,813 $44,639
4 $30,649 $45,891

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Maine Maritime Academy to be $112,832 - assuming graduation in normal time. The estimation assumes a 2.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Maine Maritime Academy
Price Per Credit 3 Credit Class 4 Credit Class
Maine Residents $365 $1,095 $1,460
Out of State Residents $829 $2,487 $3,316

Estimated cost for a class at Maine Maritime Academy based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Maine Maritime Academy versus other colleges.

Tuition Payment Plans Available

Maine Maritime Academy Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=161299 IPEDS survey data for Maine Maritime Academy.