Maine Maritime Academy

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2022 Undergraduate Tuition
$11,474
1.99% growth from 2021
2022 Average Net Price
$19,964
After Financial Aid
2019 Default Rate
1.81%
on Student Loans
2022 Acceptance Rate
57.6%
1,164 Applicants
2022 Enrolled Students
897
96.1% Full-Time
2022 Graduation Rate
66%
161 Graduates

About

Maine Maritime Academy is a higher education institution located in Hancock County, ME. In 2022, the most popular Bachelors Degree concentrations at Maine Maritime Academy were Naval Architecture & Marine Engineering (61 degrees awarded), Marine Science & Merchant Marine Officer (49 degrees), and International Business, Trade, & Commerce (23 degrees).

In 2022, 177 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 16.4% of these degrees were awarded to women, and 83.6% awarded men. The most common race/ethnicity group of degree recipients was white (146 degrees), 14.6 times more than then the next closest race/ethnicity group, hispanic or latino (10 degrees).

The median undergraduate tuition at Maine Maritime Academy is $11,474, which is $−16,856 less than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at Maine Maritime Academy is $11,474, which is $−16,856 less than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $19,964.

In 2022, 66% of undergraduate students attending Maine Maritime Academy received financial aid through grants. Comparatively, 72% of undergraduate students received financial aid through loans.

Tuition Costs

$11,474
2022 Undergraduate Tuition

In 2022, the cost of tuition at Maine Maritime Academy was $11,474. The cost of tuition at Maine Maritime Academy is $−16,856 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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Average Net Price

$19,964
2022 Value
6.8%
1 Year Growth

In 2022 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $19,964. Between 2021 and 2022, the average net price of Maine Maritime Academy grew by 6.8%.

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.

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Other Student Expenses

$10,910
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $10,910 in 2022. The cost of room and board increased by 1.77% between 2021 and 2022.

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.

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Financial Aid by Income Level

66%
Undergraduates Receiving Financial Aid through Grants
72%
Undergraduates Receiving Financial Aid through Loans

66% of undergraduate students at Maine Maritime Academy received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 66% 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.

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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
5
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.

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Admissions

Maine Maritime Academy received 1,164 undergraduate applications in 2022, which represents a 4.96% annual growth. Out of those 1,164 applicants, 671 students were accepted for enrollment, representing a 57.6% acceptance rate.

There were 897 students enrolled at Maine Maritime Academy in 2022. 43% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 32.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57.6%
Acceptance Rate in 2022
671
Accepted Out of 1,164

In 2022, the undergraduate acceptance rate of Maine Maritime Academy was 57.6% (671 admissions from 1,164 applications). This is lower than the acceptance rate of 2021, which was 57.7%. Between 2021 and 2022, the number of applicants grew by 4.96%, while admissions grew by 4.84%..

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.

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SAT Scores

43%
Submission Percentage (2022)
95
Scores Submitted (2022)

43% of enrolled first-time students at Maine Maritime Academy in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Maine Maritime Academy had a total enrollment of 897 students in 2022. The full-time enrollment at Maine Maritime Academy is 862 students and the part-time enrollment is 35. This means that 96.1% of students enrolled at Maine Maritime Academy are enrolled full-time.

The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 83.3% White, 4.46% Hispanic or Latino, 2.12% Black or African American, 1.78% Two or More Races, 1.67% Asian, and 1.11% American Indian or Alaska Native.

Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are most commonly White Male (68.4%), followed by White Female (15.1%) and Hispanic or Latino Male (2.69%). Students enrolled in full-time Graduate programs are most commonly White Male (62.5%), followed by White Female (25%) and Asian Male (12.5%).

Full-Time vs Part-Time Enrollment

96.1%
Full-Time Enrollment

The total enrollment at Maine Maritime Academy in 2022, both undergraduate and graduate, is 897 students. The full-time enrollment at Maine Maritime Academy is 862 and the part-time enrollment is 35. This means that 96.1% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 79.6% 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.

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Retention Rate over Time

86%
2022 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 86%. 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    747 enrolled students
  2. Hispanic or Latino
    40 enrolled students
  3. Black or African American
    19 enrolled students

The enrolled student population at Maine Maritime Academy is 83.3% White, 4.46% Hispanic or Latino, 2.12% Black or African American, 1.78% Two or More Races, 1.67% Asian, and 1.11% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% Black or African American.

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, 43 students (4.79%) did not report their race.

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Graduates

In 2022, 119 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 (146 degrees awarded). There were 14.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (10 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (61 degrees awarded), followed by Marine Science & Merchant Marine Officer (49 degrees) and International Business, Trade, & Commerce (23 degrees).

In 2022,  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 (51 degrees awarded), Engineering (72 degrees), and Engineering Technologies (11 degrees).

Common Jobs by Major

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 (1,053,861 people), Other managers (1,003,316 people), Software developers (591,529 people), Financial managers (514,677 people), and Chief executives & legislators (486,129 people).

The most specialized majors at Maine Maritime Academy in 2022 are Transportation (51 degrees awarded), Engineering (72 degrees), Engineering Technologies (11 degrees), Business (33 degrees), and Interdisciplinary Studies (4 degrees) (as of 2022).

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Highest Paying Jobs by Major

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 (51 degrees awarded), Engineering (72 degrees), Engineering Technologies (11 degrees), Business (33 degrees), and Interdisciplinary Studies (4 degrees) (as of 2022).

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Common Industries by Major

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 (970,070 people), Construction (675,735 people), Elementary & secondary schools (618,952 people), Architectural, engineering & related services (548,474 people), and Banking & related activities (534,941 people).

The most specialized majors at Maine Maritime Academy are Transportation (51 degrees awarded), Engineering (72 degrees), Engineering Technologies (11 degrees), Business (33 degrees), and Interdisciplinary Studies (4 degrees) (as of 2022).

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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.

In 2022, the most common bachelors degree concentration at Maine Maritime Academy was Naval Architecture & Marine Engineering with 61 degrees awarded.

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

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Sex Breakdown for Common Majors

148
Degrees Awarded to Men
in 2022
29
Degrees Awarded to Women
in 2022

In 2022, 148 degrees were awarded to men at Maine Maritime Academy, which is 5.1 times more than the number of degrees awarded to females (29).

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

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Most Common Male Majors

In 2022, 60 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 60 times more than the 1 female recipients with that same degree.

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Most Common Female Majors

In 2022, 10 degrees were awarded to men at Maine Maritime Academy in International Business, Trade, & Commerce, which is 0.435 times less than the 23 male recipients with that same degree.

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Time to Complete

58%
100% Completion Time
72%
150% Completion Time

In 2022, 58% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 72% completed their degrees within 150% of the normal time, and 73% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Hispanic or Latino Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Maine Maritime Academy is Female and Hispanic or Latino (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    146 degrees awarded
  2. Hispanic or Latino
    10 degrees awarded
  3. Asian
    2 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (146 degrees awarded). There were 14.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (10 degrees).

9.04% of degree recipients (16 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Male
    122 degrees awarded
  2. White Female
    24 degrees awarded
  3. Hispanic or Latino Male
    9 degrees awarded

The most common race/ethnicity and sex grouping at Maine Maritime Academy is white male (122 degrees awarded). There were 5.08 times more white male recipients than the next closest race/ethnicity group, white female (24 degrees).

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Operations

Maine Maritime Academy has an endowment valued at nearly $44.8M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−8.69%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Maine Maritime Academy had a total salary expenditure of 46.5M. 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 27 employees, Business and Financial Operations, with 21 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 18 employees.

Endowment

$44.8M
2022 Endowment
2.3%
decline from 2021

Maine Maritime Academy has an endowment valued at about $44.8M, as of the end of the 2022 fiscal year. The endowment of Maine Maritime Academy declined 2.3% from the previous year. The value of their endowment was $4.43M 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.

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Salary Expenditure

$17.4M
2022 Salaries
0.447%
decline from 2021

In 2022, Maine Maritime Academy paid a median of $17.4M in salaries, which represents 37.3% of their overall expenditure ($46.5M) and a 0.447% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

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Instructional Salaries

$137k
Instructional Salaries
1
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 $5.04M (32.1%) for similar Baccalaureate Colleges.

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Occupations by Share

Instructor
Most Common Instructor
0 Employees
Service
Most Common Non-Instructional Employee
27 Employees

In 2022, 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 2022, the most common positions for non-instructional staff at Maine Maritime Academy were Service with 27 employees, Business and Financial Operations with 21 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 18 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Instructor
  2. Female Instructor
  3. Male Lecturer

In 2022, 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.

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