M
Public 4 Year

UMF Tuition & Cost

Farmington, Maine

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How much does it cost to attend?

In State Maine Resident Sticker Price
$23,756
In State Costs for University of Maine at Farmington
Fee Cost
Tuition$8,640
Books and Supplies$900
Other Fees$932
Room and Board $10,238
Other Expenses Budget$3,046
Out of State Resident Sticker Price
$34,466
Out of State Costs for University of Maine at Farmington
Fee Cost
Tuition$19,350
Books and Supplies$900
Other Fees$932
Room and Board $10,238
Other Expenses Budget$3,046

Residents of Maine pay an annual total price of $23,756 to attend University of Maine at Farmington on a full time basis. This fee is comprised of $8,640 for tuition, $10,238 room and board, $900 for books and supplies and $932 for other fees.

Out of state residents are charged a total cost of $34,466 which is 45.1% higher than Maine residents. The tuition charge is $19,350 while room and board is $10,238, books and supplies are $900 and other fees come in at $932.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
$14,492
Net Price by Income University of Maine at Farmington
Family Income Net Price Paid
$0 to $30,000$11,199
$30,001 to $48,000$11,379
$48,001 to $75,000$13,655
$75,001 to $110,000$16,993
$110,000+$19,571

The average reported annual net price for University of Maine at Farmington for students receiving grants or scholarship aid was $14,492 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

99% of full-time undergrad University of Maine at Farmington received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $9,168 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 74% of students received Federal Student Loans averaging $5,123 and 16% of undergrads took out private student loans averaging $8,360.

Finanical Aid University of Maine at Farmington
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,168 99%
Institutional Grants and Scholarships $4,771 93%
Pell Grants $4,584 52%
Other Federal Grants $1,113 92%
State and Local Grants $2,241 55%
Federal Student Loans $5,123 74%
Other Student Loans $8,360 16%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Maine at Farmington, we've modeled a ten year student loan with an original principal value of $52,840. The loan balance of $52,840 is a four year multiple of the $13,210 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 $504 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 $52,840
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $504.15
Total Interest Paid $7,658.23
Sum of All Loan Payments $60,498.23

Projected 4 Year Degree Price

4 Year Sticker Price
$95,024
Year Maine Residents Non Residents
1 $23,756 $34,466
2 $23,920 $34,704
3 $24,085 $34,943
4 $24,251 $35,184

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Maine at Farmington to be $95,024 - assuming graduation in normal time. The estimation assumes a 0.7% 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 University of Maine at Farmington
Price Per Credit 3 Credit Class 4 Credit Class
Maine Residents $288 $864 $1,152
Out of State Residents $645 $1,935 $2,580

Estimated cost for a class at University of Maine at Farmington 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 University of Maine at Farmington versus other colleges.

Tuition Payment Plans Available

University of Maine at Farmington 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=161226 IPEDS survey data for University of Maine at Farmington.