Payback
EarningsPlus
Economic score
Maine Maritime Academy is a public regional college located in Castine, Maine. Maine Maritime Academy is moderately inclusive in their admissions.
Return on educational investment at Maine Maritime Academy is in the top 25% of all ranked schools. The median student earns $72,837 10 years after enrolling, 1st in Maine, and in the top 10% nationally. When adjusted for earning differences by major, Maine Maritime Academy bachelor students earn 8% more than the national average. Maine Maritime Academy is ranked 2nd in Maine.
Maine Maritime Academy’s median net annual cost of $20,970 and average years to graduate of 4.6 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 4 programs at Maine Maritime Academy sorted by number of graduates - Naval Architecture and Marine Engineering., Marine Transportation., International Business, Manufacturing Engineering - are shown below.
Annual net cost
$20,970
Average years to graduate
4.6
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 1 graduate programs at Maine Maritime Academy - Business, Management, Marketing, and Related Support Services, Other - are shown below.
The average full-time graduate completes their degree in 4.6 years. 73% of all students graduate within 8 years. The graduation rate at Maine Maritime Academy is 13% higher than the state average, and 25% above the average for all regional colleges in the country.
At Maine Maritime Academy, Pell Grant recipients represent 28% of the measured graduating class, 7% lower than the national average of 35%. The average Pell Grant recipient at Maine Maritime Academy graduates within 4.8 years.
Maine Maritime Academy is in the top 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Maine Maritime Academy’s economic mobility score of 24.77 is calculated by adjusting the 1.24 economic score of lower-income students by the 28% pell grant recipients within the student body. Maine Maritime Academy’s EMS of 24.77 ranks in the top 25% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 25%
The average Title IV recipient at Maine Maritime Academy pays $20,970 a year, $7,708 less than the $28,678 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $20,970
Much of the gap between net price and sticker price is filled by institutional and government grants. At Maine Maritime Academy, 66% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $20,970 on average to be covered by the student – be it through loans or out of pocket. In total, 91% of students take out loans, federal or private, at an average amount of $12,778. This is 37% more than the national average.
Federal grants
$5,483
Pell grants
$4,436
State grants
$1,937
Institutional grants
$6,431
Maine Maritime Academy's moderately inclusive admissions are indicated by their 58% acceptance rate. In 2021, the school had 1,109 applicants, of which 640 were admitted and 207 enrolled. Maine Maritime Academy doesn't have a rolling admissions policy, which means applications are reviewed after a hard admissions deadline.
Full time
100%
83%
Female
18%
59%
First time
78%
59%
In-state
65%
68%
1st generation
21%
35%
White
82%
52%
Black
2%
14%
Hispanic
4%
15%
Asian
2%
5%
American Indian
1%
1.6%
Pacific Islander
N/A
0.3%
Other
10%
12%