The Loeb-Sullivan School of International Business & Logistics

Costs & Aid

Financial Information August 2018-May 2019

Master of Science Degree Programs – Online
Tuitions, fees and fiscal policies are established by the Academy Board of Trustees and may be adjusted by the Board without prior notice.

Application Fee (waived if application submitted online)$50
Online Graduate Tuition Rate per credit hour$900
Online Technology Fee$130 per course
Online Administrative Fee$40 per semester/term
Alumni Advantage Online: Online graduate students in the Alumni Advantage program will pay a flat discounted rate regardless of residency.$750 Alumni Advantage Online per credit hour

Books are additional and vary by course.

Payments for student’s accounts, declining balances, or parking permits can be made electronically by signing onto the portal. Direct debit payment (ACH/electronic check) is available at no charge. Visa/MasterCard, Discover; American Express can be used with a 2.9% fee required. All payments are in US$.

Master of Science Degree Programs    

Apply to the Graduate School by submitting an online application. If a written copy is required, please contact the administrative coordinator of the graduate school.

Upon notification of acceptance for admission, participants will be required to deposit US$200.00 non-refundable fee, which will be credited toward tuition for the first semester attended. Tuition and other costs are subject to change without notice. Credit cards can be accepted. Funds must be drawn on a United States banking institution.

Financial Statement

An audited Financial Statement is produced following the end of each fiscal year. For a copy, please request one by writing to the Maine Maritime Academy, Office of Administration, Finance, and Governmental Relations.

Refund Policy

Policy for MS GL&MM students who withdraw from courses

There are two tuition billing cycles for the GL&MM program. One payment is calculated for the August Orientation session plus the fall semester, and the second tuition payment is for the spring semester plus the May/June session. There are no opportunities to make up the courses until the following academic year.
Students who request the opportunity to withdraw from a course at any time during the first week of the two-week August “Orientation” session which precedes the fall semester will be granted a 50% refund for the Orientation session and a 100% refund for the fall semester. No refunds will be granted during the second week for the Orientation session, but the student will receive 100% of the fall portion of the tuition payment upon completion of the withdrawal paperwork. The student will be granted a leave of absence from the program upon completion of the withdraw submittal requested during the Orientation session but will not need to re-apply if they desire to continue in the program in the next academic year. Students who complete the Orientation session and then wish to withdraw from a course thereafter will have refunds for the fall and spring semesters calculated in accordance with the following schedule. A student who seeks to Withdraw during the May/June session must have a personal conference with the Graduate School Dean prior to submitting the Withdrawal Request to the Registrar. No refund will be made for the May/June session, however the student may return to the following May/June session without a tuition penalty. All other fees/costs will be required for a student returning to the May/June session after Withdrawal.

  • Prior to the third week 75 percent
  • Prior to the fifth week 50 percent
  • Prior to the seventh week 25 percent
  • After start of seventh week 0 percent

A student who withdraws must file a Withdrawal Notice in writing with the Registrar’s Office. Notification should also be sent to the Graduate Office via email. This notification does not replace the “Withdraw” notice to the Registrar. Refund credit will be computed from the time that official notice is received in the Registrar’s Office. Non-attendance of class does not constitute an official withdrawal.

Fees, if any, are refunded on a prorated basis for unused weeks. Application fees, acceptance deposits, and initial registration fees are non-refundable.

Policy for MS ILM students who withdraw from courses

Students register for their courses prior to each trimester and receive tuition notices based on their registration. Students may register for one or two classes per trimester.

Refunds for withdrawals are in accordance with the following schedule.

  • Prior to the third week 75 percent
  • Prior to the fifth week 50 percent
  • Prior to the seventh week 25 percent
  • After start of seventh week 0 percent

A student who withdraws must file a Withdrawal Notice in writing with the Registrar’s Office. Notification should also be sent to the Graduate Office via email. This notification does not replace the “Withdraw” notice to the Registrar. Refund credit will be computed from the time that official notice is received in the Registrar’s Office. Non-attendance does not constitute an official withdrawal.

Fees, if any, are refunded on a prorated basis for unused weeks. Application fees, acceptance deposits, and initial registration fees are non-refundable.

Financial Aid

Graduate students who are United States citizens may receive financial aid from several sources. Graduate students may be eligible for $20,500 in a Direct Unsubsidized Stafford Loan. Students may also seek employment in the area or on-campus and may, in certain circumstances, qualify for federal work study funds. Depending upon an international student’s immigration status, s/he may be eligible for on-campus employment. Occasionally, grants and scholarships from nonprofit organizations, professional organizations, and transportation-related companies become available. Students are encouraged to check with their local libraries or the web site for scholarship possibilities. When applying for financial aid, prospective and returning students must complete the Free Application for Federal Student Aid (FAFSA); and, in some cases, a verification worksheet may be required and will be requested by Maine Maritime Academy.

Veterans

MMA programs are approved for the enrollment of military personnel, veterans, and their eligible dependents under the various educational assistance programs (GI Bills). Programs are approved by the State Approving Agency, Division of Military and Veterans Education, or State Department of Education. Students who plan to receive veterans’ education benefits must contact the Registrar’s Office, Laura Nason-Moulton, VA Certifying Official, Phone:207-326-2384/ 207-326-0104, Fax: 207-326-2508/207-326-2510, laura.nason@mma.edu.

Contact the Financial Aid Office, Maine Maritime Academy, Castine, ME 04420, 207/326-2339 Office; 207/326-2515 Fax. For further information and/or financial aid materials contact kathy.heath@mma.edu.

Finance Office/Payments

Students who are not in satisfactory financial standing as determined by the MMA Finance Department are subject to being placed on the “STOP” list; which will prevent them from seeing their grades and may affect their access to the Learning Management System.

The MMA Academic Year is July 1st– June 30th of the following calendar year. All students are required to sign onto the MMA portal to complete the online insurance information once per academic year; no later than the last business day of the first week of class. The link to the student insurance information can be found by logging in to the student portal The following policy applies to graduate students in both the On-Campus GLMM and Online ILM programs offered by the Loeb-Sullivan School.

Maine Maritime Academy Tuition Payments/Invoices are due and payable no later than the last business day of the first week of class.

Students relying on Financial Aid to pay balances must have all signed award letters, Master Promissory Notes, and Entrance Counseling requirements completed no later than the last business day of the first week of class.

The link to the student insurance information can be found by logging in to the student portal and looking for the Insurance Link on the About Me tab in the upper right corner of the page. Go to “Update Insurance Information.”

When do you file a FAFSA?

Enrolling in our on-campus program, August – May, you may file your FAFSA as early as October 1 for the current year you will be enrolling.

Enrolling in our online program, you may have to file a FAFSA multiple times depending on your start date.  For example, we start online courses in September, January and May.  So if you begin in September and you continue straight through the program you will only have to file a FAFSA once.  If you begin in January or May and continue straight through you will have to file a FAFSA twice, because you are overlapping academic years.

For additional information regarding students bills please contact:

Diana Snapp diana.snapp@mma.edu  207.326.0143 or Diane Harmon diane.harmon@mma.edu 207.326.2243.  Their offices are located in Rooms 2190 and 221 respectively on the 2nd floor of Leavitt hall.

For information regarding Financial Aid, please contact:

Kathy Heath kathy.heath@mma.edu 207.326.2339.