$4,297

Avg. Federal Grant

$5,073

Avg. Federal Loan

$4,197,203

Total Aid Awarded

University of Maine at Presque Isle (UMPI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$4.197M

Financial Aid Official Website

www.umpi.edu/offices/student-financial-services/

It is interesting to note that, every year, around 91% of students at UMPI receive some kind of financial aid, while the total amount of assistance/loans provided is $2,528,177. One can visit UMPI's financial aid page at http://www.umpi.edu/offices/student-financial-services/ for more information. Notably, a total of 73% of the applicants to University of Maine at Presque Isle receive the Federal Grant every year. In comparison, 87% of the students are awarded the Student Grant, 75% get the Institution Grant, and 59% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,604, and the same stands at $1,417 for State Grant awardees and $2,668 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,167. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At University of Maine at Presque Isle, the percentage of candidates who opt to avail of student loans is around 64%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

77%

State Grant Aid

46%

Institution Grant Aid

75%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,297

State Grant Aid

$1,149

Institution Grant Aid

$2,785

Pell Grant

$4,755

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,167

$30,001 - $48,000

$8,005

$48,001 - $75,000

$5,445

$75,001 - $110,000

$3,234

Over $110,000

$3,284

Student Loans for University of Maine at Presque Isle (UMPI)

Average Loan Amount Average Loan Amount received per year.

$5,880/Year

Students Taking Out Loans

73%

Loan Default Rate

13.3%