How U of Southern Maine'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 University of Southern Maine since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,864, which is 60.78 % of all undergraduate students. 2,932 students which is 46.00% of undergraduate students received federal student loans and the average loan amount is $6,505.

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	3,784 (53%)	$5,688	2,545 (36%)	$3,616	3,949 (56%)	$6,929
2014-15	3,571 (54%)	$6,125	2,434 (37%)	$3,683	3,602 (54%)	$6,825
2015-16	3,381 (55%)	$6,939	2,271 (37%)	$3,750	3,177 (52%)	$6,724
2016-17	3,550 (57%)	$7,167	2,198 (36%)	$3,761	3,024 (49%)	$6,761
2017-18	3,718 (61%)	$7,683	2,236 (37%)	$4,078	2,924 (48%)	$6,561
2018-19	3,896 (61%)	$8,229	2,162 (34%)	$4,297	2,804 (44%)	$6,296
2019-20	4,595 (69%)	$7,634	2,073 (31%)	$4,342	2,667 (40%)	$6,177
2020-21	4,360 (71%)	$7,464	1,821 (30%)	$4,340	2,238 (37%)	$6,171
2021-22	3,924 (66%)	$9,432	1,667 (28%)	$4,308	2,005 (34%)	$6,102
Average	3,864 (60.78%)	$7,373	2,156 (34.00%)	$4,019	2,932 (46.00%)	$6,505

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

Overview

For the last 10 years, on average, 717 (89.56 % of students) received grants or scholarships and its average amount is $8,227. It can cover 30.35% of tuition & fees ($27,104) based on out-of-state rate.

In addition, 481 (60.56 % of students) students get helped from the students loans (average amount : $6,797).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	601 (81%)	$6,344	528 (71%)	$7,098
2014-15	566 (81%)	$6,450	466 (66%)	$7,097
2015-16	580 (88%)	$7,385	462 (70%)	$6,900
2016-17	697 (91%)	$9,062	478 (62%)	$6,748
2017-18	816 (92%)	$8,696	537 (60%)	$6,833
2018-19	855 (93%)	$8,671	541 (59%)	$6,547
2019-20	801 (92%)	$8,882	528 (61%)	$6,747
2020-21	715 (92%)	$8,886	366 (47%)	$6,262
2021-22	823 (96%)	$9,668	423 (49%)	$6,938
Average	717 (89.56%)	$8,227	481 (60.56%)	$6,797

^*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, 343 (43.11 % of students) received Pell (federal) grants and its average amount is $4,498.

In addition, 293 students received State/local government grants/scholarships (36.78 % 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	341 (46%)	$4,078	289 (39%)	$931	266 (36%)	$1,031	465 (63%)	$4,040
2014-15	307 (44%)	$4,263	268 (38%)	$700	274 (39%)	$1,137	514 (73%)	$3,586
2015-16	309 (47%)	$4,519	286 (43%)	$856	263 (40%)	$1,574	564 (85%)	$3,950
2016-17	342 (45%)	$4,485	225 (29%)	$1,445	271 (35%)	$1,814	652 (85%)	$6,082
2017-18	403 (45%)	$4,556	257 (29%)	$1,817	306 (34%)	$1,631	772 (87%)	$5,562
2018-19	414 (45%)	$4,656	277 (30%)	$1,842	346 (38%)	$1,690	826 (90%)	$5,316
2019-20	377 (43%)	$4,722	775 (89%)	$1,005	337 (39%)	$1,756	764 (88%)	$5,188
2020-21	292 (38%)	$4,641	319 (41%)	$2,053	290 (37%)	$1,651	696 (90%)	$5,553
2021-22	300 (35%)	$4,564	342 (40%)	$2,360	285 (33%)	$2,519	795 (92%)	$6,368
Average	343 (43.11%)	$4,498	338 (42.00%)	$1,445	293 (36.78%)	$1,645	672 (83.67%)	$5,072

^*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, 481 (60.56 % of students) get any students loan help and its average loan amount is $481.

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	528 (71%)	$7,098	524 (71%)	$5,801	77 (10%)	$9,198
2014-15	466 (66%)	$7,097	459 (65%)	$5,637	67 (10%)	$10,747
2015-16	462 (70%)	$6,900	451 (68%)	$5,743	60 (9%)	$9,963
2016-17	478 (62%)	$6,748	467 (61%)	$5,524	65 (8%)	$9,934
2017-18	537 (60%)	$6,833	534 (60%)	$5,194	87 (10%)	$10,291
2018-19	541 (59%)	$6,547	531 (58%)	$5,090	96 (10%)	$8,743
2019-20	528 (61%)	$6,747	511 (59%)	$5,072	87 (10%)	$11,152
2020-21	366 (47%)	$6,262	353 (45%)	$4,969	49 (6%)	$10,975
2021-22	423 (49%)	$6,938	410 (48%)	$4,975	78 (9%)	$11,475
Average	481 (60.56%)	$6,797	471 (59.44%)	$5,334	74 (9.11%)	$10,275

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Scholarships, Grants, and Loan Trends at U of Southern Maine

All Undergraduate Students Financial Aid Over Time

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