$10,450

Tuition

$27,688

Cost of Attendance

$20,875

Net Price

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Maine Maritime Academy (MMA) Tuition and Fees

Maine Maritime Academy is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at MMA is quite moderate. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Maine Maritime Academy comes to around $20,806, which includes tuition and other expenses as well. The housing facilities, books and supplies, and other expenses cost $10,516, $1,000, and $2,900, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$13,478$27,098
Book & Supplies$1,000$1,000
Room & Board cost$10,310$10,310
Other Expenses$2,900$2,900
Total Cost of Attendance$27,688$41,308

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. The total tuition and fees for students attending Maine Maritime Academy come out to be around $20,806 per year. Other than that, they will need to shell out an amount of $1,000 for books and supplies, $10,516 for room and boarding charges, and $2,900 toward other expenses on average in a year. Therefore, the estimated cost of attendance for one year at MMA is around $35,222, as per the available information. At the university, in-state students will be required to pay an amount of $13,792 toward tuition and fees, while out-state candidates need to shell out $27,820.

Average Net Price by Family Income

Net Price

$20,875

Family Income

Avg. Net Price

$0 to $30,000

$17,909

$30,001 to $48,000

$19,437

$48,001 to $75,000

$22,549

$75,001 to $110,000

$25,664

$110,000+

$24,213

As for the net cost for attending MMA, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. Simply put, the family income of the candidate is a key factor in determining the net amount. At MMA, the average net price is estimated to be $20,728. For students with a family income below $30,000, the estimated net price is $19,331, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $23,097. The amount stands at $23,469 for an annual income between $48,001 and $75,000, $23,250 for the $75,001-$110,000 income bracket, and $24,916 for a family income above $110,000.

Student Loans

Example Loans

$67,400

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$699

Total interest paid

$16,536

Sum of Loan Payments

$83,936

To have a realistic understanding of how much it will cost to study at Maine Maritime Academy (MMA) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $67,400 for example. This will result in a $8,394 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $83,936 which is $16,536 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$13,478$27,098
Room & Board Cost$10,310$10,310
Total Tuition & Fees$23,788$37,408

For students pursuing undergraduate courses at Maine Maritime Academy, the tuition and fees are estimated to be $20,806 per year. They would also be required to pay around $10,516 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the academy totals about $35,222 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$20,520$39,960
Fees$5,013$5,013

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at MMA, the amount totals around $7,500. This sum includes their graduate tuition of $7,200 and the graduation fees of $300 as well.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$570
Undergraduate2018 - 2019$355

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Maine Maritime Academy varies for graduate and undergraduate courses. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $125 and for undergraduate courses, it stands at $160. Also, Maine Maritime Academy currently offers a number of online courses to students across 8 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$10,310$10,310
Other Expense$2,900$2,900
Book & Supplies$1,000$1,000

Now, coming to the lodging and related expenses at MMA, the actual amount to be paid remains the same irrespective of whether the candidate opts to live on-campus or off-campus. The housing facilities will cost students around $13,416 per year. Besides, the room and boarding charges for the students come to around $10,516 per year. On the other hand, the charges toward books and supplies come to around $1,000. Furthermore, the other expenses that the students should plan for come to around $2,900.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$10,310

Off Campus

$10,310

Housing & Other Expenses

Other Expenses

On Campus

$2,900

Off Campus

$2,900

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Now, coming to the lodging and related expenses at MMA, the actual amount to be paid remains the same irrespective of whether the candidate opts to live on-campus or off-campus. The housing facilities will cost students around $13,416 per year. Besides, the room and boarding charges for the students come to around $10,516 per year. On the other hand, the charges toward books and supplies come to around $1,000. Furthermore, the other expenses that the students should plan for come to around $2,900.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Masters $13,140 $365

Maine Maritime Academy (MMA) offers 1 online programs across 1 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MMA are projected to cost around $176,751 as per official data. Notably, the total expenses for undergraduate students amounted to $20,728 in 2018-2019, $20,875 in 2017-2018, and $21,003 in 2016-2017.

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