University of Maine at Augusta (UMA) Financial Aid and Scholarships
Students Receiving Aid
54%
Total Aid Amount
$12.060M
Financial Aid Official Website
https://www.uma.edu/financial/aid/
Students can avail of scholarships provided by the university, such as Maine Difference Scholarship, Maine Metal Products Association Scholarship, Maine Public Relations Council Scholarship, and Maine State Society of Washington D.C. Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 90% of students at UMA receive some kind of financial aid, while the total amount of assistance/loans provided is $11,630,594. One can visit UMA's financial aid page at https://www.uma.edu/financial/aid/ for more information. At UMA, the total percentage of applicants who receive the Federal Grant stands at 65%. In comparison, 79% of the students are awarded the Student Grant, 64% get the Institution Grant, and 65% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,832, while the same comes to $1,552 for State Grant receivers and $2,410 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,178. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 50% of the applicants to University of Maine at Augusta opt for student loans.
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