Maine Maritime Academy

Overview of Maine Maritime Academy

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The student-faculty-ration is 11 to 1, giving students easy opportunities to meet with professors to discuss academic issues. In part, this is likely because the enrollment is quite small, only 997 students altogether. Undergraduate students make up the bulk of the student body, at 979 (98%). The academy also has 18 graduate students, which is about 2% of the total. Males make up 84% of the student body while females make up 16%.

Students who choose to go to the Maine Maritime Academy will be virtually surrounded by water—Penobscot Bay borders the entire town of Castine. Special learning opportunities include Navy ROTC or NROTC—the focus of the college is on the maritime, which means students will learn specialized skills before graduating.

Top Rankings For Maine Maritime Academy

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Admissions

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Tuition Cost & Financial Aid

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At the Maine Maritime Academy, the total price includes tuition (in-state and out-of-state), books, supplies, room/board, and other expenses. This total price is just over $42,000. In-state tuition and out-of-state tuition are both $27,820. Books and supplies generally cost an even $1,000 and other expenses cost up to $2,900.

Once financial aid has been applied to the total cost, students and their families will likely still owe some money to the academy. This is the average net price. For a recent academic year, this was $20,875. This is how much families and students have to pay to keep the student’s account paid in full. You can see the average net price broken down by family income below.

Freshman students are the most likely to qualify for a significant amount of financial aid. About 219 students (90%) of the freshman class applied for this aid. About 132 students (54%) were awarded an average of $6,065 and about 80 students (33%) received institutional grants and scholarships at an average of $4,890.

Sticker Price

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Academics

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The retention rate at the Maine Maritime Academy is 84% - this means that more than three-fourths of the freshman class decide to return for their second year of college. The 4-year graduation rate is 53%, which may mean that the degree programs are sufficiently challenging that students decide to stay in school for two more years or it may mean that this school follows the national trend of longer-than-usual graduation rates. The 6-year graduation rate is much higher at 74%.

The Maine Maritime Academy does not offer evening classes. However, students who need to or who prefer this format can access their classes via distance learning (online classes).

Students have a relatively small selection of degree programs compared to other schools. These include biological and biomedical sciences; business, management, marketing, and related support services; engineering (the second most popular); engineering technology and engineering related fields; multi/interdisciplinary studies; and transportation. This last degree program is related to marine science/Merchant Marine Officer.

Student Population Total

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Outcome & Salary

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The 4-year cost of education (the net price) for graduates of the Maine Maritime Academy is $83,500. Looking at their average salaries, it’s easy to see that they are going to benefit from a return on investment (ROI).

The average salary of a graduate is $86,000; their early-career salary is $67,000 and their mid-career salary is $121,800. This means their 10-year salary earnings potential is $860,000 and their 20-year salary earnings potential is as high as $2,078,000. They can expect a 10-year projected ROI of $776,500 and their 20-year projected ROI is $1,994,500.

At the lower end of the scale, high school graduates who don’t go to college earn a national average salary of $38,792. Their 10-year projected income is $387,920 and their 20-year projected income is around $775,840.

Photos & Videos

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