COSTS & FINANCIAL AID
COST OF ATTENDANCE is established annual y. Financial aid includes al federal
and state grants, federal loans (Stafford and PLUS), institutional loans, Work
Study, private scholarships and al institutional grants/scholarships.
2017-18 Cost of Attendance for Unlimited
USCG License Majors
IN-STATE $33,862 | REGIONAL $38,992 | OUT-OF-STATE $47,212
Includes: tuition, room & board, general fees, unlimited license program
fee, cruise/co-op and uniforms.
2017-18 Cost of Attendance for all Other
Majors
IN-STATE $23,388 | REGIONAL $28,518 | OUT-OF-STATE $36,738
Includes: tuition, room & board and general fees.
The above figures reflect only direct costs; figures do not include indirect costs or
additional fees that may be assessed by major.
Financial Aid Statistics Eighty percent of students enrolled
apply for financial aid. Eighty-three percent of our students who apply receive
some financial aid. The average financial aid package is $6,242. The average aid
package does not include private loans or parent PLUS loans.
Default Rates Maine Maritime Academy's default rate for the Fiscal
Year 2013 cohort is 6.4%; the national default rate is 11.3%. A cohort default
rate is the percentage of MMA's student borrowers who have entered repayment
on certain Federal Family Education Loan Programs or Federal Direct Loan
Programs during a particular federal fiscal year (FY), October 1 to September
30, and default or meet other specified conditions prior to the end of the second
following fiscal year.
Scholarships Merit scholarships are offered to provide an incentive for
highly qualified incoming students to choose MMA. Maine Maritime Academy
awards merit scholarships based on SAT scores and high school academic
performance:
· Presidential Achievement Scholarship: $6,500
· Dean's Scholarship: $5,000
THE SAIL TRAINING
· Distinguished Scholarship Award: $3,500
PROGRAM--
· Trustee Scholarship for Diversity: $10,000
· Harold Alfond Scholarship for Engineering: $10,000
UNIQUE AMONG
U.S. COLLEGES
Endowed and pass-through scholarships are open to deserving first-year
AS IT PREPARES
and returning students who meet the criteria and demonstrate academic and
leadership success.
STUDENTS FOR
A LIMITED USCG
LICENSE--USES
THE SCHOONER
BOWDOIN, THE
OFFICIAL VESSEL
OF THE STATE OF
MAINE, AS ITS
CENTRAL TRAINING
PLATFORM.
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