by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by Maine College of Art and determine which ones you may be eligible for by continuing your exploration.
$18,571.00 is the typical Maine College of Art’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Maine College of Art.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by Maine College of Art.
100% of incoming freshmen (118 total) were given scholarships at Maine College of Art, averaging $16,176.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 38% of first-year students (45 total) got a federal grant, for about $5,430.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.49% | $24,121.00 |
| Income 30k-48k | 13.56% | $21,790.00 |
| Income 48k-75k | 14.41% | $16,935.00 |
| Income 75k-110k | 13.56% | $16,781.00 |
| Income 110k + | 16.95% | $15,756.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
118 Maine College of Art undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $18,571.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.