M
#2 Best Public Universities in Massachusetts

Massachusetts Maritime Academy Tuition & Cost

Buzzards Bay, Massachusetts

 0 Reviews

How much does it cost to attend?

In State Massachusetts Resident Sticker Price
$30,709
In State Costs for Massachusetts Maritime Academy
Fee Cost
Tuition$1,890
Books and Supplies$1,500
Other Fees$9,797
Room and Board $13,352
Other Expenses Budget$4,170
Out of State Resident Sticker Price
$45,829
Out of State Costs for Massachusetts Maritime Academy
Fee Cost
Tuition$17,010
Books and Supplies$1,500
Other Fees$9,797
Room and Board $13,352
Other Expenses Budget$4,170

Residents of Massachusetts pay an annual total price of $30,709 to attend Massachusetts Maritime Academy on a full time basis. This fee is comprised of $1,890 for tuition, $13,352 room and board, $1,500 for books and supplies and $9,797 for other fees.

Out of state residents are charged a total cost of $45,829 which is 49.2% higher than Massachusetts residents. The tuition charge is $17,010 while room and board is $13,352, books and supplies are $1,500 and other fees come in at $9,797.

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 Massachusetts Maritime Academy when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$17,635
Net Price by Income Massachusetts Maritime Academy
Family Income Net Price Paid
$0 to $30,000$6,379
$30,001 to $48,000$7,554
$48,001 to $75,000$12,099
$75,001 to $110,000$20,918
$110,000+$24,835

The average reported annual net price for Massachusetts Maritime Academy for students receiving grants or scholarship aid was $17,635 in 2019/2020. 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

95% of full-time undergrad Massachusetts 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 $13,798 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 91% of students received Federal Student Loans averaging $5,604 and 26% of undergrads took out private student loans averaging $18,265.

Finanical Aid Massachusetts Maritime Academy
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $13,798 95%
Institutional Grants and Scholarships $11,640 72%
Pell Grants $4,256 18%
Other Federal Grants $978 15%
State and Local Grants $2,231 28%
Federal Student Loans $5,604 91%
Other Student Loans $18,265 26%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Massachusetts Maritime Academy, we've modeled a ten year student loan with an original principal value of $74,504. The loan balance of $74,504 is a four year multiple of the $18,626 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 $711 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 $74,504
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $710.85
Total Interest Paid $10,798.04
Sum of All Loan Payments $85,302.04

Projected 4 Year Degree Price

4 Year Sticker Price
$122,836
Year Massachusetts Residents Non Residents
1 $30,709 $45,829
2 $32,037 $47,811
3 $33,422 $49,878
4 $34,868 $52,035

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Massachusetts Maritime Academy to be $122,836 - assuming graduation in normal time. The estimation assumes a 4.3% 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 Massachusetts Maritime Academy
Price Per Credit 3 Credit Class 4 Credit Class
Massachusetts Residents $79 $237 $316
Out of State Residents $709 $2,127 $2,836

Estimated cost for a class at Massachusetts 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 Massachusetts Maritime Academy versus other colleges.

Tuition Payment Plans Available

Massachusetts 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=166692 IPEDS survey data for Massachusetts Maritime Academy.