2023 best colleges in Maine

Home to some of the nation’s top liberal arts colleges, Maine provides a welcoming retreat for students seeking quality education in a quiet setting. Besides a beautiful campus, the University of Maine is known for its thriving student nightlife scene and the only Division I sports teams in the state. For students with special interests, Maine is home to an array of specialized schools. Among these is The Landing School, the oldest operating school in boat building and design and the first and only school globally to offer accredited programs in the field.

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Net cost: The median annual cost of all students that receive any aid. This does not refer to the “sticker price”, the price listed by the college.

Earnings: The median earnings of all bachelor-level students 10 years after enrollment. This includes both students that do and do not graduate, across all majors.

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Rankings: The ranking order is based on the economic score.The economic score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better.

Net cost
Payback
Earnings
EarningsPlus
Rankings
Ranking methodology
#1 in Maine | #5 in Liberal Arts

Colby College

Waterville, Maine

Economic score: 1.41

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $19,597

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.7 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $71,127

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $10,269

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 9%
Graduation rate: 89%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#2 in Maine | #13 in Liberal Arts

Bowdoin College

Brunswick, Maine

Economic score: 1.93

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $22,840

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.2 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $66,864

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $9,637

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 9%
Graduation rate: 95%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#3 in Maine | #37 in Liberal Arts

Bates College

Lewiston, Maine

Economic score: 2.59

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $26,392

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.7 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $64,706

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $2,086

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 17%
Graduation rate: 90%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.