by our College Data Analytics TeamThe total cost of attendance at University of Maine at Machias can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
What amount of University of Maine-Machias financial assistance will actually be available to you?Get answers to your questions here.
University of Maine at Machias average financial aid offer for freshmen students is $9,672.00. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at University of Maine at Machias.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
99% of new students (101 total) were offered scholarships at University of Maine at Machias, averaging $5,172.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 84% of first-year students (86 total) got a federal grant, for about $4,779.00 per person.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.51% | $13,697.00 |
| Income 30k-48k | 10.78% | $12,048.00 |
| Income 48k-75k | 11.76% | $7,805.00 |
| Income 75k-110k | 5.88% | $7,006.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
102 University of Maine-Machias undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $9,672.00.
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.