In case the students at University of Maine face any financial issues concerning the fees and cost of living, and find the same to be high, they can seek help from the financial aid department of the varsity. It focuses on settling the issues that students face, and candidates can be assisted with scholarships, grants, and student loans. The average federal grant that comes from the university is around $5,093, whereas the financial aid is $7,572. The university provides financial assistance in the form of state-level aid worth $1,474 and institutional aid worth $7,572. At UM, the total amount of need-based scholarships/grants awarded to students stands at $1,687,258 per year. On the other hand, the total non-need-based scholarships/grants offered in a year add up to $19,255,196.