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The Maine Maritime Academy, located in Castine, Maine, was founded in 1941, the same year the US entered WWII. This is a public university set within a rural area of Maine. Castine is located at a distance from the school. The academy provides campus housing for students, which keeps them from having to find houses or apartments to live in.
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Overview of Maine Maritime Academy
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.
|Campus Setting||Rural: Distant|
|Student Faculty Ratio||11:1|
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|High School GPA||Required|
|High School Rank||Considered but not required|
|High School Transcripts||Required|
|College Prep Courses||Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Common Application Accepted||-|
Tuition Cost & Financial Aid
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.
- Families earning up to $30,000 pay around $17,909
- Families earning between $30,001 and $48,000 pay around $19,437
- Families earning between $48,001 and $75,000 pay around $22,549
- Families earning between $75,001 and $110,001 pay around $25,664
- Families earning $110,001 or above pay around $24,213
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.
|Average net price||2017-2018|
|Average Total Aid||$6,065|
|Students Receiving Financial Aid||90%|
|Room & Board||$10,516|
- Tuition In-State - $27,820
- Tuition Out-of-State - $27,820
- Books and Supplies - $1,000
- Room & Board - $10,516
- Other - $2,900
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
Student Population 997
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||23 Total Graduates / 11%|
|International Business/Trade/Commerce||23 Graduates|
|All Engineering Majors||93 Total Graduates / 45%|
|Naval Architecture and Marine Engineering||85 Graduates|
|Systems Engineering||8 Graduates|
|Engineering Technology & Engineering-Related Fields||25 Total Graduates / 12%|
|Engineering Technologies and Engineering-Related Fields, Other||25 Graduates|
|All Biological & Biomedical Majors||15 Total Graduates / 7%|
|Biological and Biomedical Sciences, Other||15 Graduates|
|Transportation & Materials Moving||47 Total Graduates / 23%|
|Marine Science/Merchant Marine Officer||47 Graduates|
|All Other Diplomas||2%|
Outcome & Salary
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.
|College Grads Early Career Salary||$67,000|
|College Grads Average Salary||$86,000|
|College Grads Mid Career Salary||$121,800|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$860,000|
|20 Year Salary Earnings Potential||$2,078,000|
|Cost of Education (Net Price) 4 Year||$83,500|
|10 Year Projected ROI||$776,500|
|20 Year Projected ROI||$1,994,500|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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