Maine Maritime Academy

mainemaritime.edu

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2021 Undergraduate Tuition

$11,250

1.99% growth from 2020

2021 Average Net Price

$21,421

After Financial Aid

2019 Student Loan

1.81%

Default Rate

2021 Acceptance Rate

57.7%

1,109 Applicants

2021 Enrolled Students

888

94.8% Full-Time

2021 Graduation Rate

71.8%

148 Graduates

About

Maine Maritime Academy is a higher education institution located in Hancock County, ME. In 2021, the most popular Bachelors Degree concentrations at Maine Maritime Academy were Naval Architecture & Marine Engineering (82 degrees awarded), Marine Science & Merchant Marine Officer (47 degrees), and International Business, Trade, & Commerce (23 degrees).

In 2021, 203 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 16.7% of these degrees were awarded to women, and 83.3% awarded men. The most common race/ethnicity group of degree recipients was white (171 degrees), 57 times more than then the next closest race/ethnicity group, asian (3 degrees).

The median undergraduate tuition at Maine Maritime Academy is $11,250, which is $−17,255 less than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Maine Maritime Academy is $11,250, which is $−17,255 less than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $21,421.

In 2021, 66% of undergraduate students attending Maine Maritime Academy received financial aid through grants. Comparatively, 83% of undergraduate students received financial aid through loans.

Tuition Costs

$11,250

2021 Undergraduate Tuition

In 2021, the cost of tuition at Maine Maritime Academy was $11,250. The cost of tuition at Maine Maritime Academy is $−17,255 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

This chart compares the tuition costs of Maine Maritime Academy (in red) with those of other similar universities.

Average Net Price

$21,421

2021 Value

14.3%

1 Year Growth

In 2021 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $21,421. Between 2020 and 2021, the average net price of Maine Maritime Academy grew by 14.3%.

This chart compares the average net price of Maine Maritime Academy (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,720

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $10,720 in 2021. The cost of room and board increased by 1.94% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Maine Maritime Academy (in red) with that of similar universities.

Financial Aid by Income Level

66%

Undergraduates Receiving Financial Aid through Grants

83%

Undergraduates Receiving Financial Aid through Loans

66% of undergraduate students at Maine Maritime Academy received financial aid through grants or loans in 2021. This represents a decline of 1.49% with respect to 2020, when 67% of undergraduate students received financial aid.

This chart compares the average award discount at Maine Maritime Academy (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

1.81%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Maine Maritime Academy was 1.81%, which represents 5 out of the 277 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Maine Maritime Academy received 1,109 undergraduate applications in 2021, which represents a 3.31% annual growth. Out of those 1,109 applicants, 640 students were accepted for enrollment, representing a 57.7% acceptance rate.

There were 888 students enrolled at Maine Maritime Academy in 2021. 91% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 32.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57.7%

Acceptance Rate in 2021

640

Accepted Out of 1,109

In 2021, the undergraduate acceptance rate of Maine Maritime Academy was 57.7% (640 admissions from 1,109 applications). This is higher than the acceptance rate of 2020, which was 52.1%. Between 2020 and 2021, the number of applicants grew by 3.31%, while admissions grew by 7.02%..

This chart compares the acceptance rate of Maine Maritime Academy (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

91%

Submission Percentage (2020)

197

Scores Submitted (2020)

91% of enrolled first-time students at Maine Maritime Academy in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Maine Maritime Academy had a total enrollment of 888 students in 2021. The full-time enrollment at Maine Maritime Academy is 842 students and the part-time enrollment is 46. This means that 94.8% of students enrolled at Maine Maritime Academy are enrolled full-time.

The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 82.9% White, 5.41% Hispanic or Latino, 1.91% Black or African American, 1.58% Asian, 1.35% Two or More Races, and 0.788% American Indian or Alaska Native.

Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are most commonly White Male (68%), followed by White Female (14.5%) and Hispanic or Latino Male (3.73%). Students enrolled in full-time Graduate programs are most commonly White Male (60%), followed by White Female (40%).

Full-Time vs Part-Time Enrollment

94.8%

Full-Time Enrollment

The total enrollment at Maine Maritime Academy in 2021, both undergraduate and graduate, is 888 students. The full-time enrollment at Maine Maritime Academy is 842 and the part-time enrollment is 46. This means that 94.8% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Maine Maritime Academy (in red) compares to similar universities.

Retention Rate over Time

81%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Maine Maritime Academy was 81%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Maine Maritime Academy had a retention rate higher than its peers.

This chart shows the retention rate over time at Maine Maritime Academy (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
736 enrolled students
Hispanic or Latino
48 enrolled students
Black or African American
17 enrolled students

The enrolled student population at Maine Maritime Academy is 82.9% White, 5.41% Hispanic or Latino, 1.91% Black or African American, 1.58% Asian, 1.35% Two or More Races, and 0.788% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 49 students (5.52%) did not report their race.

Graduates

In 2021, 135 fewer women than men received degrees from Maine Maritime Academy. The most common race/ethnicity group of degree recipients at Maine Maritime Academy is white (171 degrees awarded). There were 57 times more white recipients than the next closest race/ethnicity group, asian (3 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (82 degrees awarded), followed by Marine Science & Merchant Marine Officer (47 degrees) and International Business, Trade, & Commerce (23 degrees).

In 2021, the most specialized majors across all degree types at Maine Maritime Academy, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Transportation (52 degrees awarded), Engineering (93 degrees), and Engineering Technologies (19 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Maine Maritime Academy are Accountants & auditors (1,062,483 people), Other managers (1,025,964 people), Software developers (549,927 people), Financial managers (495,204 people), and Chief executives & legislators (480,597 people).

The most specialized majors at Maine Maritime Academy in 2021 are Transportation (52 degrees awarded), Engineering (93 degrees), Engineering Technologies (19 degrees), Business (31 degrees), and Biology (6 degrees) (as of 2021).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Maine Maritime Academy are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Maine Maritime Academy are Transportation (52 degrees awarded), Engineering (93 degrees), Engineering Technologies (19 degrees), Business (31 degrees), and Biology (6 degrees) (as of 2021).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Maine Maritime Academy are Computer Systems Design (930,305 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (782,917 people), Colleges, universities & professional schools, including junior colleges (701,654 people), Construction (644,858 people), and Elementary & secondary schools (642,997 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Maine Maritime Academy.

Most Common (2021)

Naval Architecture & Marine Engineering
82 degree-majors awarded
Marine Science & Merchant Marine Officer
47 degree-majors awarded
International Business, Trade, & Commerce
23 degree-majors awarded

In 2021, the most common bachelors degree concentration at Maine Maritime Academy was Naval Architecture & Marine Engineering with 82 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Maine Maritime Academy according to their major.

Sex Breakdown for Common Majors

169

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 169 degrees were awarded to men at Maine Maritime Academy, which is 4.97 times more than the number of degrees awarded to females (34).

This chart displays the sex disparity between the top 5 majors at Maine Maritime Academy by degrees awarded.

Most Common Male Majors

In 2021, 79 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 26.3 times more than the 3 female recipients with that same degree.

Most Common Female Majors

In 2021, 10 degrees were awarded to men at Maine Maritime Academy in Marine Science & Merchant Marine Officer, which is 0.238 times less than the 42 male recipients with that same degree.

Time to Complete

50%

100% Completion Time

70%

150% Completion Time

In 2021, 50% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 70% completed their degrees within 150% of the normal time, and 72% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Maine Maritime Academy is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
171 degrees awarded
Asian
3 degrees awarded
Hispanic or Latino
3 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (171 degrees awarded). There were 57 times more white recipients than the next closest race/ethnicity group, asian (3 degrees).

12.3% of degree recipients (25 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
146 degrees awarded
White Female
25 degrees awarded
Asian Male
3 degrees awarded

The most common race/ethnicity and sex grouping at Maine Maritime Academy is white male (146 degrees awarded). There were 5.84 times more white male recipients than the next closest race/ethnicity group, white female (25 degrees).

Operations

Maine Maritime Academy has an endowment valued at nearly $45.9M, as of the end of the 2021 fiscal year. The return on its endowment was of 15.9M (34.7%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Maine Maritime Academy had a total salary expenditure of 42.9M. Maine Maritime Academy employs 0 Instructors, 0 Lecturers and 0 No academic ranks. Most academics at Maine Maritime Academy are Male Instructor (0), Female Instructor (0), and Male Lecturer (0).

The most common positions for non-instructional staff at Maine Maritime Academy are: Service, with 29 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 18 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 18 employees.

Endowment

$45.9M

2021 Endowment

28.5%

growth from 2020

Maine Maritime Academy has an endowment valued at about $45.9M, as of the end of the 2021 fiscal year. The endowment of Maine Maritime Academy grew 28.5% from the previous year. The value of their endowment was $6.47M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Maine Maritime Academy (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$17.5M

2021 Salaries

4.01%

growth from 2020

In 2021, Maine Maritime Academy paid a median of $17.5M in salaries, which represents 40.7% of their overall expenditure ($42.9M) and a 4.01% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$137k

Instructional Salaries

Number of Employees

In 2020, Maine Maritime Academy paid a total of $137k to 1 employees working as instructors, which represents 0.815% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Instructor

Most Common Instructor

0 Employees

Service

Most Common Non-Instructional Employee

29 Employees

In 2021, the most common positions for instructional staff at Maine Maritime Academy were Instructor with 0 employees, Lecturer with 0 employees, and No academic rank with 0 employees.

In 2021, the most common positions for non-instructional staff at Maine Maritime Academy were Service with 29 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 18 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 18 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Instructor
Female Instructor
Male Lecturer

In 2021, the most common demographic for instructional staff at Maine Maritime Academy was Male Instructor with 0 employees, Female Instructor with 0 employees, and Male Lecturer with 0 employees.

This chart shows the sex split between each academic rank present at Maine Maritime Academy.