$5,658

Avg. Federal Grant

$4,960

Avg. Federal Loan

$3,682,111

Total Aid Awarded

University of Maine at Machias Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$3.682M

Financial Aid Official Website

machias.edu/scholarships-aid/financial-aid/

Such schemes include 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 99% of the students at UMM get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,426,373 in a year. For additional information about financial assistance schemes, one can head over to UMM’s financial aid page at http://machias.edu/scholarships-aid/financial-aid/. The total percentage of candidates applying to University of Maine at Machias who receive the Federal Grant is 62%. On the other hand, 98% of the candidates get the Student Grant, 87% receive the Institution Grant, and 61% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,082, and the same stands at $2,584 for State Grant awardees and $3,234 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,294. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 51% of the applicants to University of Maine at Machias opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

46%

Institution Grant Aid

85%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$5,658

State Grant Aid

$1,440

Institution Grant Aid

$4,257

Pell Grant

$4,721

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,846

$30,001 - $48,000

$11,354

$48,001 - $75,000

$6,761

$75,001 - $110,000

$2,000

Over $110,000

$3,077

Student Loans for University of Maine at Machias

Average Loan Amount Average Loan Amount received per year.

$6,166/Year

Students Taking Out Loans

41%

Loan Default Rate

18%

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#N/A

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