How Maine Maritime Academy's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Maine Maritime Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 634, which is 64.78 % of all undergraduate students. 775 students which is 79.22% of undergraduate students received federal student loans and the average loan amount is $6,961.

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	597 (60%)	$6,510	284 (29%)	$4,257	803 (81%)	$7,686
2014-15	646 (63%)	$6,337	299 (29%)	$4,353	815 (80%)	$6,975
2015-16	635 (64%)	$6,968	283 (29%)	$4,164	807 (81%)	$7,859
2016-17	700 (69%)	$6,695	254 (25%)	$4,224	789 (78%)	$6,821
2017-18	599 (59%)	$7,115	281 (28%)	$4,047	775 (76%)	$6,970
2018-19	679 (69%)	$12,008	267 (27%)	$4,400	763 (78%)	$6,608
2019-20	663 (67%)	$8,626	272 (27%)	$4,422	833 (84%)	$6,621
2020-21	613 (66%)	$9,643	261 (28%)	$4,436	766 (83%)	$6,602
2021-22	574 (66%)	$10,088	233 (27%)	$4,648	623 (72%)	$6,509
Average	634 (64.78%)	$8,221	270 (27.67%)	$4,328	775 (79.22%)	$6,961

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

Overview

For the last 10 years, on average, 139 (60.56 % of students) received grants or scholarships and its average amount is $6,942. It can cover 22.97% of tuition & fees ($30,226) based on out-of-state rate.

In addition, 191 (83.33 % of students) students get helped from the students loans (average amount : $13,008).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	141 (60%)	$3,953	177 (76%)	$10,794
2014-15	119 (51%)	$5,071	190 (82%)	$12,917
2015-16	113 (55%)	$7,368	162 (79%)	$17,546
2016-17	114 (46%)	$6,240	196 (80%)	$12,994
2017-18	132 (54%)	$6,065	203 (83%)	$11,964
2018-19	148 (67%)	$6,702	195 (88%)	$13,174
2019-20	189 (72%)	$9,674	244 (93%)	$12,383
2020-21	143 (66%)	$8,047	197 (91%)	$12,778
2021-22	151 (74%)	$9,358	159 (78%)	$12,526
Average	139 (60.56%)	$6,942	191 (83.33%)	$13,008

^*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, 65 (28.11 % of students) received Pell (federal) grants and its average amount is $4,191.

In addition, 53 students received State/local government grants/scholarships (23.22 % 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	63 (27%)	$4,176	23 (10%)	$892	51 (22%)	$860	67 (29%)	$3,432
2014-15	67 (29%)	$3,994	33 (14%)	$804	62 (27%)	$921	69 (30%)	$3,656
2015-16	51 (25%)	$4,205	18 (9%)	$978	48 (23%)	$2,020	80 (39%)	$6,295
2016-17	45 (18%)	$4,027	32 (13%)	$1,900	39 (16%)	$1,945	76 (31%)	$5,177
2017-18	74 (30%)	$4,069	33 (14%)	$770	49 (20%)	$1,691	80 (33%)	$4,890
2018-19	80 (36%)	$4,322	36 (16%)	$845	55 (25%)	$1,564	87 (39%)	$6,089
2019-20	87 (33%)	$4,325	43 (16%)	$855	67 (26%)	$1,433	154 (59%)	$8,568
2020-21	65 (30%)	$4,282	31 (14%)	$1,032	62 (29%)	$1,937	112 (52%)	$6,431
2021-22	52 (25%)	$4,320	54 (26%)	$1,956	44 (21%)	$2,642	126 (61%)	$7,671
Average	65 (28.11%)	$4,191	34 (14.67%)	$1,115	53 (23.22%)	$1,668	95 (41.44%)	$5,801

^*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, 191 (83.33 % of students) get any students loan help and its average loan amount is $191.

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	177 (76%)	$10,794	175 (75%)	$5,838	57 (24%)	$15,594
2014-15	190 (82%)	$12,917	188 (81%)	$5,732	82 (35%)	$16,788
2015-16	162 (79%)	$17,546	157 (76%)	$5,915	104 (50%)	$18,401
2016-17	196 (80%)	$12,994	195 (79%)	$5,340	79 (32%)	$19,057
2017-18	203 (83%)	$11,964	200 (82%)	$5,981	74 (30%)	$16,655
2018-19	195 (88%)	$13,174	194 (87%)	$5,349	87 (39%)	$17,602
2019-20	244 (93%)	$12,383	244 (93%)	$5,555	81 (31%)	$20,567
2020-21	197 (91%)	$12,778	195 (90%)	$5,483	72 (33%)	$20,112
2021-22	159 (78%)	$12,526	154 (75%)	$5,310	54 (26%)	$21,739
Average	191 (83.33%)	$13,008	189 (82.00%)	$5,611	77 (33.33%)	$18,502

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Scholarships, Grants, and Loan Trends at Maine Maritime Academy

All Undergraduate Students Financial Aid Over Time

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