Scholarships, Grants, and Loan Trends at Maine Maritime Academy

14%

Received Percent Changed

$4,005

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 643, which is 66.67 % of all undergraduate students. 750 students which is 77.56% of undergraduate students received federal student loans and the average loan amount is $6,846.

For full-time, first-time beginning students (freshmen), 64.89% of students received grants or scholarships and 82% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Maine Maritime Academy since 2014.

For that period, the average number of students who received grants aid/scholarships is 643, which is 66.67 % of all undergraduate students. 750 students which is 77.56% of undergraduate students received federal student loans and the average loan amount is $6,846.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15646 (63%)$6,337299 (29%)$4,353815 (80%)$6,975
2015-16635 (64%)$6,968283 (29%)$4,164807 (81%)$7,859
2016-17700 (69%)$6,695254 (25%)$4,224789 (78%)$6,821
2017-18599 (59%)$7,115281 (28%)$4,047775 (76%)$6,970
2018-19679 (69%)$12,008267 (27%)$4,400763 (78%)$6,608
2019-20663 (67%)$8,626272 (27%)$4,422833 (84%)$6,621
2020-21613 (66%)$9,643261 (28%)$4,436766 (83%)$6,602
2021-22574 (66%)$10,088233 (27%)$4,648623 (72%)$6,509
2022-23675 (77%)$10,342217 (25%)$4,931579 (66%)$6,650
Average643 (66.67%)$8,647263 (27.22%)$4,403750 (77.56%)$6,846
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 147 (64.89 % of students) received grants or scholarships and its average amount is $7,523. It can cover 24.19% of tuition & fees ($31,102) based on out-of-state rate.

In addition, 188 (82.22 % of students) students get helped from the students loans (average amount : $13,412).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15119 (51%)$5,071190 (82%)$12,917
2015-16113 (55%)$7,368162 (79%)$17,546
2016-17114 (46%)$6,240196 (80%)$12,994
2017-18132 (54%)$6,065203 (83%)$11,964
2018-19148 (67%)$6,702195 (88%)$13,174
2019-20189 (72%)$9,674244 (93%)$12,383
2020-21143 (66%)$8,047197 (91%)$12,778
2021-22151 (74%)$9,358159 (78%)$12,526
2022-23216 (99%)$9,181145 (66%)$14,424
Average147 (64.89%)$7,523188 (82.22%)$13,412
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 63 (27.44 % of students) received Pell (federal) grants and its average amount is $4,250.

In addition, 52 students received State/local government grants/scholarships (23.11 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1567 (29%)$3,99433 (14%)$80462 (27%)$92169 (30%)$3,656
2015-1651 (25%)$4,20518 (9%)$97848 (23%)$2,02080 (39%)$6,295
2016-1745 (18%)$4,02732 (13%)$1,90039 (16%)$1,94576 (31%)$5,177
2017-1874 (30%)$4,06933 (14%)$77049 (20%)$1,69180 (33%)$4,890
2018-1980 (36%)$4,32236 (16%)$84555 (25%)$1,56487 (39%)$6,089
2019-2087 (33%)$4,32543 (16%)$85567 (26%)$1,433154 (59%)$8,568
2020-2165 (30%)$4,28231 (14%)$1,03262 (29%)$1,937112 (52%)$6,431
2021-2252 (25%)$4,32054 (26%)$1,95644 (21%)$2,642126 (61%)$7,671
2022-2347 (21%)$4,70744 (20%)$79845 (21%)$2,899216 (99%)$7,390
Average63 (27.44%)$4,25036 (15.78%)$1,10452 (23.11%)$1,895111 (49.22%)$6,241
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 188 (82.22 % of students) get any students loan help and its average loan amount is $188.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15190 (82%)$12,917188 (81%)$5,73282 (35%)$16,788
2015-16162 (79%)$17,546157 (76%)$5,915104 (50%)$18,401
2016-17196 (80%)$12,994195 (79%)$5,34079 (32%)$19,057
2017-18203 (83%)$11,964200 (82%)$5,98174 (30%)$16,655
2018-19195 (88%)$13,174194 (87%)$5,34987 (39%)$17,602
2019-20244 (93%)$12,383244 (93%)$5,55581 (31%)$20,567
2020-21197 (91%)$12,778195 (90%)$5,48372 (33%)$20,112
2021-22159 (78%)$12,526154 (75%)$5,31054 (26%)$21,739
2022-23145 (66%)$14,424142 (65%)$5,27968 (31%)$19,732
Average188 (82.22%)$13,412185 (80.89%)$5,54978 (34.11%)$18,961

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