Students in front of Leavitt Hall

Financial Aid

Welcome! Our Financial Aid Office strives to make an MMA education affordable to all qualified applicants and enrolled students

We administer various federal, state, and institutional aid programs to help MMA students finance their education. We award and process financial aid for MMA students and advise students and their families, the campus community, and the public on issues related to financial aid.
File your 2021-2022
Free Application for Federal Student Aid (FAFSA)

What Paying for College Means for Your Family

Our goal is to help you understand the variety of assistance options available to you and help you navigate the many steps involved in applying for financial aid.

The financial aid process can be overwhelming, especially if you are counting on financial aid to make it possible for you to attend college, but we are here to help you and your family at every step of the way.

All students should file the Free Application for Federal Student Aid (FAFSA) through the Federal Student Aid website. This will allow Maine Maritime Academy to send a financial aid offer with federal grants & loans, federal work study, state grants, and institutional aid that you may be eligible for.

MMA’s Federal Code is 002044.

Maine Maritime Academy provides a number of scholarship opportunities for students attending the college. The types of scholarships and award amounts may vary depending on fund availability and, if required, the number of applications received.

Explore our scholarship listings to learn more.

The Student Incentive Payments Program (SIP) is a federally funded initiative through the Maritime Administration (MARAD). The program provides financial support to Midshipmen enrolled in the Strategic Sealift Midshipmen Program (SSMP) at Maine Maritime Academy who will graduate as a licensed officer in the U.S Merchant Marine.

The U.S. Merchant Marine provides the primary sealift capability necessary to meet national defense requirements. To support these requirements, the Department of the Navy established the SSMP. The SSMP produces Navy officers who hold a U.S. merchant mariner’s license and are subject matter experts in sealift, maritime operations, and logistics. This unique skillset allows our graduates to fulfill many of the Navy’s combat support missions.

To further support defense requirements, incentives are available to SSMP Midshipmen through SIP. Enrolled Midshipmen can receive up to $32,000; these funds must be used to offset the cost of tuition, room and board, uniforms, books.

Please note that SIP requires a separate application. Please visit our Strategic Sealift Midshipmen Program page for more information.

There are several private scholarships with application due dates in June and July and awards that can be applied to your fall bill. There are even more scholarships with deadlines in the fall that can be used to cover spring expenses. Applying for scholarships takes times and effort, but the hard work can pay off and may help you pay a significant portion of your college bill!

Visit our private scholarships page for more information.

Once you’re enrolled at Maine Maritime Academy, you may have the opportunity to work on campus. Get involved in our community and help pay your tuition by working in areas such as the library, admissions, marketing, residential life, the waterfront, and more!

Learn more on our Student Employment page.

  1. Consider Enrolling in a Tuition Payment Plan – Maine Maritime Academy offers families the option to enroll in a 10-month interest free payment plan. For more information and details visit the or call 800-609-8056.
  2. Participate in a Parent Direct PLUS Loan – Your parent(s) may participate in the federal Parent Loan of an Undergraduate Student (PLUS) program.  This is a credit-based loan in the parent’s name. For more information, please visit the Federal Student Aid website.
  3. Student Private Alternative Education Loan – As a student, you may decide to borrow money through a private alternative educational loan. This is a loan done in your name with a credit worthy co-signer on their application. You may select any lender/bank that offers a private alternative educational loan. Please contact your bank of choice for more information.

Maine Maritime Academy is a proud supporter of  Opportunity Maine, a program that was passed by the Maine State Legislature in the summer of 2007. We want to be sure that all students are aware of the program and take the necessary steps to enroll in the program!

The program became effective on January 1, 2008 and available to anyone who has received an associate’s, bachelor’s and/or graduate degree. The State of Maine offers Educational Opportunity Tax Credit (EOTC) for any Maine college graduates who has borrowed loans and lives and works in Maine after graduation. The program provides a state income tax credit for student loan payments made by degree earners who live, work, and pay taxes in Maine after graduation.

To learn more, visit the Opportunity Maine program page.

When filing your State of Maine tax return, complete the Educational Opportunity Tax Credit (EOTC) worksheet and submit it along with your completed tax return and supporting documentation to the Maine Revenue Service.

Additional information can also be found on the Maine state website.


If you have questions about what paying for college means for you and your family, please be in touch! We are available on campus, via remote meetings, or by phone. We look forward to working with you two chart your path at MMA.