Maine Colleges Financial Aid Trends

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Maine Colleges since 2013. For that period, the average number of students who received grants aid/scholarships is 28,900, which is 66.00 % of all undergraduate students. 22,290 students which is 53.89% of undergraduate students received federal student loans and the average loan amount: $6,519.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	26,542 (68%)	$13,213	15,107 (39%)	$3,957	24,308 (60%)	$6,625
2014-15	28,909 (68%)	$13,096	15,785 (38%)	$4,002	25,381 (59%)	$6,588
2015-16	28,354 (66%)	$13,897	15,018 (36%)	$4,057	24,349 (57%)	$6,756
2016-17	28,795 (65%)	$14,260	14,096 (35%)	$4,063	23,889 (57%)	$6,631
2017-18	28,828 (64%)	$14,904	13,815 (35%)	$4,184	22,749 (54%)	$6,460
2018-19	28,779 (64%)	$16,457	12,845 (30%)	$4,417	21,423 (50%)	$6,508
2019-20	30,546 (69%)	$17,196	12,554 (31%)	$4,496	21,098 (51%)	$6,437
2020-21	30,169 (64%)	$17,128	11,769 (30%)	$4,498	18,970 (49%)	$6,248
2021-22	29,181 (66%)	$18,854	11,644 (29%)	$4,441	18,447 (48%)	$6,418
Average	28,900 (66.00%)	$15,445	13,626 (33.67%)	$4,235	22,290 (53.89%)	$6,519

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

Overview

For the last 10 years, on average, 6,605 (82.00 % of students) received grants or scholarships and its average amount is $16,960. It can cover 73.91% of tuition & fees ($22,946) based on out-of-state rate. In addition, 4,880 (65.33 % of students) students get helped from the students loans (average amount : $7,817).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	6,002 (85%)	$14,204	4,941 (72%)	$7,223
2014-15	6,131 (79%)	$13,876	4,989 (69%)	$7,431
2015-16	6,230 (84%)	$15,033	4,965 (68%)	$7,826
2016-17	6,787 (80%)	$15,985	5,086 (68%)	$7,590
2017-18	6,980 (83%)	$17,130	5,069 (66%)	$7,806
2018-19	7,033 (84%)	$18,427	5,171 (65%)	$7,881
2019-20	6,949 (82%)	$18,938	4,967 (63%)	$8,502
2020-21	6,519 (79%)	$18,906	4,256 (58%)	$7,844
2021-22	6,816 (82%)	$20,138	4,479 (59%)	$8,250
Average	6,605 (82.00%)	$16,960	4,880 (65.33%)	$7,817

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 2,705 (40.67 % of students) received Pell (federal) grants and its average amount is $4,384. In addition, 1,874 students received State/local government grants/scholarships (26.89 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	2,823 (47%)	$4,220	1,856 (35%)	$1,046	1,890 (28%)	$860	5,195 (64%)	$11,740
2014-15	2,737 (44%)	$4,163	1,963 (36%)	$1,214	2,140 (31%)	$1,052	5,571 (70%)	$11,966
2015-16	2,722 (45%)	$4,178	2,006 (39%)	$1,072	1,850 (26%)	$1,525	5,833 (73%)	$13,676
2016-17	2,658 (41%)	$4,258	1,852 (33%)	$1,163	1,733 (24%)	$1,665	6,488 (77%)	$15,345
2017-18	2,807 (41%)	$4,423	1,935 (33%)	$1,124	1,687 (26%)	$1,753	6,690 (76%)	$15,409
2018-19	2,824 (39%)	$4,596	1,940 (32%)	$1,181	1,881 (28%)	$1,621	6,795 (77%)	$15,873
2019-20	2,754 (38%)	$4,549	4,444 (51%)	$1,224	1,931 (26%)	$1,630	6,635 (79%)	$16,886
2020-21	2,485 (35%)	$4,621	3,706 (40%)	$1,640	1,964 (27%)	$1,593	5,984 (81%)	$18,900
2021-22	2,534 (36%)	$4,449	2,848 (38%)	$1,770	1,794 (26%)	$2,226	6,216 (77%)	$19,185
Average	2,705 (40.67%)	$4,384	2,506 (37.44%)	$1,270	1,874 (26.89%)	$1,547	6,156 (74.89%)	$15,442

^*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..

Student Loans

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, 4,880 (65.33 % of students) get any students loan help and its average loan amount is $4,880.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	4,941 (72%)	$7,223	4,890 (72%)	$5,619	929 (11%)	$10,661
2014-15	4,989 (69%)	$7,431	4,929 (68%)	$5,632	975 (11%)	$12,424
2015-16	4,965 (68%)	$7,826	4,896 (67%)	$5,547	1,043 (13%)	$12,779
2016-17	5,086 (68%)	$7,590	5,018 (67%)	$5,405	1,143 (15%)	$11,711
2017-18	5,069 (66%)	$7,806	5,005 (66%)	$5,407	1,186 (15%)	$13,089
2018-19	5,171 (65%)	$7,881	4,985 (62%)	$5,081	1,375 (16%)	$12,980
2019-20	4,967 (63%)	$8,502	4,881 (62%)	$5,493	1,216 (15%)	$16,171
2020-21	4,256 (58%)	$7,844	4,175 (57%)	$5,138	929 (13%)	$14,248
2021-22	4,479 (59%)	$8,250	4,391 (58%)	$5,141	956 (13%)	$15,542
Average	4,880 (65.33%)	$7,817	4,797 (64.33%)	$5,385	1,084 (13.56%)	$13,289

Most Searched Maine Colleges (last 30 days)

4-Year Colleges

University of New England Private, four-years | Biddeford
University of Maine Public, four-years | Orono
Bowdoin College Private, four-years | Brunswick
Bates College Private, four-years | Lewiston
Colby College Private, four-years | Waterville
Unity Environmental University Private, four-years | New Gloucester
Saint Joseph's College of Maine Private, four-years | Standish
Husson University Private, four-years | Bangor
University of Maine at Fort Kent Public, four-years | Fort Kent
University of Southern Maine Public, four-years | Portland

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Graduate

University of Maine Public, four-years | Orono
Maine College of Art & Design Private, four-years | Portland
University of New England Private, four-years | Biddeford
Maine Media College Private, four-years | Rockport
Saint Joseph's College of Maine Private, four-years | Standish
Southern Maine Community College Public, 2-4 years | South Portland
Thomas College Private, four-years | Waterville
Washington County Community College Public, 2-4 years | Calais
Harris School of Business-Sanford Campus Private, Less than 2-years | Sanford
College of the Atlantic Private, four-years | Bar Harbor

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Online Schools

Beal University Private, four-years | Bangor
Maine College of Art & Design Private, four-years | Portland
University of Southern Maine Public, four-years | Portland
Maine Maritime Academy Public, four-years | Castine
Washington County Community College Public, 2-4 years | Calais
University of Maine at Farmington Public, four-years | Farmington
University of Maine at Machias Public, four-years | Machias
University of Maine-System Central Office Public, four-years | Orono
University of Maine at Presque Isle Public, four-years | Presque Isle
Northern Maine Community College Public, 2-4 years | Presque Isle

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Trade Schools

Bates College Private, four-years | Lewiston
Birthwise Midwifery School Private, 2-4 years | Bridgton
Maine Media College Private, four-years | Rockport
Empire Beauty School-Maine Private, Less than 2-years | Portland
Capilo School of Hair Design Private, Less than 2-years | Augusta
Beal University Private, four-years | Bangor
Colby College Private, four-years | Waterville
Northern Maine Community College Public, 2-4 years | Presque Isle
Spa Tech Institute-Westbrook Private, Less than 2-years | Westbrook
York County Community College Public, 2-4 years | Wells

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Grants, Scholarships, and Student Loan Stats Trends for Maine Colleges

All Undergraduate Students Financial Aid Over Time

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