University of Southern Maine - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

In State Maine Resident Sticker Price

$23,842

In State Costs for University of Southern Maine
Fee	Cost
Tuition	$8,064
Books and Supplies	$600
Other Fees	$1,840
Room and Board	$10,338
Other Expenses Budget	$3,000

Out of State Resident Sticker Price

$37,842

Out of State Costs for University of Southern Maine
Fee	Cost
Tuition	$22,064
Books and Supplies	$600
Other Fees	$1,840
Room and Board	$10,338
Other Expenses Budget	$3,000

In-State Tuition

In-state tuition at University of Southern Maine for undergraduate students residing in Maine is $8,064. Room and board charges total $10,338 per year. Students will also need to budget for books and supplies, which typically amount to $600 annually. Other administrative or academic fees are $1,840 for the year. Additionally, students should plan an estimated $3,000 for other miscellaneous expenses throughout the year. In sum, residents attending University of Southern Maine full time should expect a total annual cost of $23,842.

Out-of-State Tuition

Undergraduate tuition at University of Southern Maine is $22,064 for out-of-state students. Additionally, out-of-state students are charged $10,338 for room and board, $600 for textbooks and educational resources, plus fees of $1,840. Students are advised to budget $3,000 for other expenses. When these costs are combined, annual out-of-state charges total $37,842. This figure is 58.7% higher than what Maine residents pay.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for University of Southern Maine for students receiving grants or scholarship aid was $12,072 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending University of Southern Maine, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

$12,072

Net Price by Income University of Southern Maine
Family Income	Net Price Paid
$0 to $30,000	$8,338
$30,001 to $48,000	$9,167
$48,001 to $75,000	$12,238
$75,001 to $110,000	$15,604
$110,000+	$16,470

Financial Aid

95% of full-time undergrad University of Southern Maine received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $8,882 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 59% of students received Federal Student Loans averaging $5,072 and 10% of undergrads took out private student loans averaging $11,152.

Finanical Aid University of Southern Maine
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$8,882	95%
Institutional Grants and Scholarships	$5,188	88%
Pell Grants	$4,722	43%
Other Federal Grants	$1,005	89%
State and Local Grants	$1,756	39%
Federal Student Loans	$5,072	59%
Other Student Loans	$11,152	10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Southern Maine, we've modeled a ten year student loan with an original principal value of $72,624. The loan balance of $72,624 is a four year multiple of the $18,156 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 $770 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 4.99%.


Example Loan	$72,624
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$769.94
Total Interest Paid	$19,768.23
Sum of All Loan Payments	$92,392.23

Projected 4 Year Degree Price

4 Year Sticker Price

$95,368

Year	Maine Residents	Non Residents
1	$23,842	$37,842
2	$24,919	$39,552
3	$26,045	$41,339
4	$27,222	$43,206

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Southern Maine to be $95,368 - assuming graduation in normal time. The estimation assumes a 4.5% 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 Southern Maine
	Price Per Credit	3 Credit Class	4 Credit Class
Maine Residents	$288	$864	$1,152
Out of State Residents	$788	$2,364	$3,152

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