Massachusetts Maritime Academy

https://www.maritime.edu

2024 Undergraduate Tuition

$2,116

3.02% growth from 2023

2024 Average Net Price

$13,546

After Financial Aid

2024 Acceptance Rate

94.7%

1,265 Applicants

2024 Enrolled Students

1,488

98.7% Full-Time

2024 Graduation Rate

74.1%

294 Graduates

Costs

In 2024, the median undergraduate tuition at Massachusetts Maritime Academy is $2,116, which is $21,884 less than the national average for Masters Colleges and Universities ($24,000).

After taking grants and loans into account, the average net price for students is $13,546.

In 2024, 69% of undergraduate students attending Massachusetts Maritime Academy received financial aid through grants. Comparatively, 81% of undergraduate students received financial aid through loans.

Tuition Costs

$2,116

2024 Undergraduate Tuition

In 2024, the cost of tuition at Massachusetts Maritime Academy was $2,116. The cost of tuition at Massachusetts Maritime Academy is $−21,884 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

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

Average Net Price

$13,546

2024 Value

34.7%

1 Year Growth

In 2024 Massachusetts Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $13,546. Between 2023 and 2024, the average net price of Massachusetts Maritime Academy grew by 34.7%.

This chart compares the average net price of Massachusetts 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

$14,526

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Massachusetts Maritime Academy was of $14,526 in 2024. The cost of room and board increased by 3.4% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

69%

Undergraduates Receiving Financial Aid through Grants

81%

Undergraduates Receiving Financial Aid through Loans

69% of undergraduate students at Massachusetts Maritime Academy received financial aid through grants or loans in 2024. This represents a decline of 13.8% with respect to 2023, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Massachusetts 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.

Enrollment

Massachusetts Maritime Academy had a total enrollment of 1,488 students in 2024. The full-time enrollment at Massachusetts Maritime Academy is 1,468 students and the part-time enrollment is 20. This means that 98.7% of students enrolled at Massachusetts Maritime Academy are enrolled full-time.

The enrolled student population at Massachusetts Maritime Academy, both undergraduate and graduate, is 79.8% White, 5.71% Hispanic or Latino, 3.63% Two or More Races, 1.41% Black or African American, 1.08% Asian, 0.538% American Indian or Alaska Native, and 0.269% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Maritime Academy in full-time Undergraduate programs are most commonly White Male (69%), followed by White Female (10.8%) and Hispanic or Latino Male (4.76%). Students enrolled in full-time Graduate programs are most commonly White Male (57.6%), followed by White Female (14.7%) and Native Hawaiian or Other Pacific Islanders Male (1.69%).

Full-Time vs Part-Time Enrollment

98.7%

Full-Time Enrollment

The total enrollment at Massachusetts Maritime Academy in 2024, both undergraduate and graduate, is 1,488 students. The full-time enrollment at Massachusetts Maritime Academy is 1,468 and the part-time enrollment is 20. This means that 98.7% of students enrolled at Massachusetts Maritime Academy are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

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

Retention Rate over Time

87%

2024 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 Massachusetts Maritime Academy was 87%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Massachusetts Maritime Academy had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
1,187 enrolled students
Hispanic or Latino
85 enrolled students
Two or More Races
54 enrolled students

The enrolled student population at Massachusetts Maritime Academy is 79.8% White, 5.71% Hispanic or Latino, 3.63% Two or More Races, 1.41% Black or African American, 1.08% Asian, 0.538% American Indian or Alaska Native, and 0.269% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 92 students (6.18%) did not report their race.

Operations

Massachusetts Maritime Academy has an endowment valued at nearly $56.1M, as of the end of the 2024 fiscal year. The return on its endowment was of 10M (17.9%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

In 2024, Massachusetts Maritime Academy had a total salary expenditure of 84.3M. Massachusetts Maritime Academy employs 34 Professors, 31 Associate professors and 15 Assistant professors. Most academics at Massachusetts Maritime Academy are Male Professor (22), Male Associate professor (21), and Female Professor (12).

The most common positions for non-instructional staff at Massachusetts Maritime Academy are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 38 employees, Management, with 28 employees, and Natural Resources, Construction, and Maintenance with 25 employees.

Endowment

$56.1M

2024 Endowment

4.28%

growth from 2023

Massachusetts Maritime Academy has an endowment valued at about $56.1M, as of the end of the 2024 fiscal year. The endowment of Massachusetts Maritime Academy grew 4.28% from the previous year. The value of their endowment was $10.3M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Massachusetts 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 Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

Salary Expenditure

$27.9M

2024 Salaries

5.19%

growth from 2023

In 2024, Massachusetts Maritime Academy paid a median of $27.9M in salaries, which represents 33% of their overall expenditure ($84.3M) and a 5.19% growth from the previous year. This is compared to a 0.528% growth between 2022 and 2023, and a 5.25% growth between 2021 and 2022.

Instructional Salaries

$8.56M

Instructional Salaries

Number of Employees

In 2024, Massachusetts Maritime Academy paid a total of $8.56M to 85 employees working as instructors, which represents 30.7% of all salaries paid.

This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Massachusetts Maritime Academy were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 38 employees, Management with 28 employees, and Natural Resources, Construction, and Maintenance with 25 employees.

Massachusetts Maritime Academy

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Massachusetts Maritime Academy

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Costs

Tuition Costs

Average Net Price

Other Student Expenses

Financial Aid by Income Level

Admissions

Acceptance Rate

SAT Scores

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Endowment

Salary Expenditure

Instructional Salaries

Occupations by Share

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