OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Maine Maritime Academy (MMA) Financial Aid and Scholarships 2022

Maine Maritime Academy, which is located in Castine, ME is a public university. It was in 1941 when the Maine Maritime Academy was founded. The dean of MMA is CAPT Mark Coté, USN(Ret), PE (acting). Blue and gold are the official colors of the Maine Maritime Academy. In addition to over 1,018 undergraduate students, MMA also boasts of over 19 students in its postgraduate courses, taking the total enrollment to over 1,037. The school has a total of 94 academic staff. These faculty teach differ

Maine Maritime Academy (MMA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$4.262M

Financial Aid Official Website

https://mainemaritime.edu/admissions/undergraduate-admissions/financial-aid

Among them are scholarship programs such as Maine Difference Scholarship, Maine Metal Products Association Scholarship, Maine Public Relations Council Scholarship, and Maine State Society of Washington D.C. Scholarship. As many as 95% of the students at MMA get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,041,585 in a year. More information regarding the financial assistance schemes can be accessed on MMA’s official financial aid page at https://mainemaritime.edu/admissions/undergraduate-admissions/financial-aid. Notably, a total of 36% of the applicants to Maine Maritime Academy receive the Federal Grant every year. Meanwhile, 67% of the applicants receive the Student Grant and 39% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,702, while the same comes to $1,564 for State Grant receivers and $6,089 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,400. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Maine Maritime Academy, the percentage of candidates who opt to avail of student loans is around 88%.

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#N/A

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