Maine Maritime Academy

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2019 Undergraduate Tuition
$10,764
3% growth from 2018
2019 Average Net Price
$20,728
After Financial Aid
2017 Student Loan
2.18%
Default Rate
2019 Acceptance Rate
45.3%
1,441 Applicants
2019 Enrolled Students
1,006
96.8% Full-Time
2018 Graduation Rate
74%
171 Graduates

About

Maine Maritime Academy is a higher education institution located in Hancock County, ME. In 2016, the most popular Bachelor's Degree concentrations at Maine Maritime Academy were Naval Architecture & Marine Engineering (85 degrees awarded), Marine Science & Merchant Marine Officer (47 degrees), and Other Engineering Technologies & Engineering-Related Fields (25 degrees).

In 2019, 225 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 19.6% of these degrees were awarded to women, and 80.4% awarded men. The most common race/ethnicity group of degree recipients was white (197 degrees), 14.1 times more than then the next closest race/ethnicity group, unknown (14 degrees).

The median undergraduate tuition at Maine Maritime Academy is $10,764, which is $−16,516 less than the national average for Baccalaureate Colleges ($27,280).

Costs

The median undergraduate tuition at Maine Maritime Academy is $10,764, which is $−16,516 less than the national average for Baccalaureate Colleges ($27,280).

After taking grants and loans into account, the average net price for students is $20,728.

In 2019, 69% of undergraduate students received federal grants, while 78% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$10,764
2019 Undergraduate Tuition

In 2019, the cost of tuition at Maine Maritime Academy was $10,764. The cost of tuition at Maine Maritime Academy is $−16,516 less than than the overall (public and private) national average for Baccalaureate Colleges ($27,280).

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Average Net Price

$20,728
2019 Value
0.704%
1 Year Growth

In 2019 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $20,728. Between 2018 and 2019, the average net price of Maine Maritime Academy grew by 0.704%.

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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

$10,310
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $10,310 in 2019. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 1.98% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

69%
Of Undergraduates Receive Grants
78%
Of Undergraduates Receive Federal Loans

69% of undergraduate students at Maine Maritime Academy received grants or loans in 2019. This represents a growth of 16.9% with respect to 2018, when 59% 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.
2.18%
2017 Default Rate
6
Number of Defaults

In 2017 the default rate for borrower's at Maine Maritime Academy was 2.18%, which represents 6 out of the 275 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 1,441 undergraduate applications in 2019, which represents a 36.5% annual growth. Out of those 1,441 applicants, 653 students were accepted for enrollment, representing a 45.3% acceptance rate.

There were 1,006 students enrolled at Maine Maritime Academy in 2019, and 92% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 40.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

45.3%
Acceptance Rate in 2019
653
Accepted Out of 1,441

In 2019, the undergraduate acceptance rate of Maine Maritime Academy was 45.3% (653 admissions from 1,441 applications). This is lower than the acceptance rate of 2018, which was 55%. Between 2018 and 2019, the number of applicants grew by 36.5%, while admissions grew by 12.4%.

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SAT Scores

92%
Submission Percentage
242
Scores Submitted

92% of enrolled first-time students at Maine Maritime Academy in 2019 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.

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Enrollment

Maine Maritime Academy has a total enrollment of 1,006 students. The full-time enrollment at Maine Maritime Academy is 974 students and the part-time enrollment is 32. This means that 96.8% of students enrolled at Maine Maritime Academy are enrolled full-time.

The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 84.5% White, 3.38% Hispanic or Latino, 1.79% Black or African American, 1.39% Asian, 0.596% American Indian or Alaska Native, 0% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races.

Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are most commonly White Male (71.1%), followed by White Female (13.1%) and Hispanic or Latino Male (2.69%). Students enrolled in full-time Graduate programs are most commonly White Female (57.1%), followed by White Male (42.9%) and Asian Male (0%).

Full-Time vs Part-Time Enrollment

96.8%
Full-Time Enrollment

The total enrollment at Maine Maritime Academy, both undergraduate and graduate, is 1,006 students. The full-time enrollment at Maine Maritime Academy is 974 and the part-time enrollment is 32. This means that 96.8% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 81.1% 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

80%
2019 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 80%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), 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
  1. White
    850
  2. Hispanic or Latino
    34
  3. Black or African American
    18

The enrolled student population at Maine Maritime Academy is 84.5% White, 3.38% Hispanic or Latino, 1.79% Black or African American, 1.39% Asian, 0.596% American Indian or Alaska Native, 0% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races. 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, 14% Black or African American, and 13.1% 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, 79 students (7.85%) did not report their race.

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Graduates

In 2019, 137 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 (197 degrees awarded). There were 14.1 times more white graduates than the next closest race/ethnicity group, unknown (14 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (85 degrees awarded), followed by Marine Science & Merchant Marine Officer (47 degrees) and Other Engineering Technologies & Engineering-Related Fields (25 degrees).

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 (93 degrees), and Engineering Technologies (25 degrees).

Workforce

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 Other managers (1,031,015 people), Accountants & auditors (1,010,316 people), Software developers (569,980 people), Financial managers (514,140 people), and Chief executives & legislators (495,905 people).

The most specialized majors at Maine Maritime Academy are Transportation (51 degrees awarded), Engineering (93 degrees), Engineering Technologies (25 degrees), Biology (15 degrees), and Business (37 degrees).

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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 Surgeons, Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Cardiovascular technologists and technicians, and Diagnostic medical sonographers

The most specialized majors at Maine Maritime Academy are Transportation (51 degrees awarded), Engineering (93 degrees), Engineering Technologies (25 degrees), Biology (15 degrees), and Business (37 degrees).

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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 (918,619 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (733,576 people), Colleges, universities & professional schools, including junior colleges (707,345 people), Construction (651,546 people), and Elementary & secondary schools (640,279 people).

The most specialized majors at Maine Maritime Academy are Transportation (51 degrees awarded), Engineering (93 degrees), Engineering Technologies (25 degrees), Biology (15 degrees), and Business (37 degrees).

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Degrees

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 2019, the most common bachelors degree concentration at Maine Maritime Academy was Naval Architecture & Marine Engineering with 85 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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Gender Breakdown for Common Majors

181
Degrees Awarded to Men
in 2019
44
Degrees Awarded to Women
in 2019

In 2019, 181 degrees were awarded to men at Maine Maritime Academy, which is 4.11 times more than the number of degrees awarded to females (44).

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

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Most Common Male Majors

In 2019, 83 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 41.5 times more than the 2 female recipients with that same degree.

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Most Common Female Majors

In 2019, 13 degrees were awarded to women at Maine Maritime Academy in International Business, Trade, & Commerce, which is 1.3 times more than the 10 male recipients with that same degree.

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Time to Complete

48%
100% Completion Time
68%
150% Completion Time

In 2019, 48% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 69% 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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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Maine Maritime Academy is Male and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (69.1%).

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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 3.51% of graduates (6 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    197 degrees awarded
  2. Unknown
    14 degrees awarded
  3. Asian
    6 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (197 degrees awarded). There were 14.1 times more white recipients than the next closest race/ethnicity group, unknown (14 degrees).

6.22% of degree recipients (14 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    162 degrees awarded
  2. White Female
    35 degrees awarded
  3. Asian Female
    4 degrees awarded

The most common race/ethnicity and gender grouping at Maine Maritime Academy is white male (162 degrees awarded). There were 4.63 times more white male recipients than the next closest race/ethnicity group, white female (35 degrees).

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Operations

Maine Maritime Academy has an endowment valued at nearly $34M, as of the end of the 2019 fiscal year. The return on its endowment was of $3.43M (10.1%), compared to the 3.99% average return ($1.62M on $40.7M) across all Baccalaureate Colleges.

In 2019, Maine Maritime Academy had a total salary expenditure of $42.1M. Maine Maritime Academy employs 1 Professors, 0 Instructors, and 0 Lecturers. Most academics at Maine Maritime Academy are Female Professors (1), Male Instructors(0), and Female Instructors (0).

The most common positions for non-instructional staff at Maine Maritime Academy are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 26 employees, Service, with 26 employees, and Office and Administrative Support with 25 employees.

Finances

Endowment

$34M
2019 Endowment
36.3%
growth from 2018

Maine Maritime Academy has an endowment valued at about $34M, as of the end of the 2019 fiscal year. The endowment of Maine Maritime Academy grew 36.3% from the previous year. The value of their endowment was $6.73M 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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Government Grants and Contracts

Grants & Contracts
  1. $434k - Federal
  2. $52.6k - State
  3. $0 - Local

As of 2019, Maine Maritime Academy received $434k in grants and contracts from the federal government, $52.6k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$17.1M
2019 Salaries
1.08%
growth from 2018

In 2019, Maine Maritime Academy paid a median of $17.1M in salaries, which represents 40.5% of their overall expenditure ($42.1M) and a 1.08% growth from the previous year. This is compared to a 1.37% growth from 2017 and a 2.38% growth from 2016.

The median for similar Baccalaureate Colleges is 15.5M (41% of overall expenditures).

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Instructional Salaries

$135k
Instructional Salaries
1
Number of Employees

In 2019, Maine Maritime Academy paid a total of $135k to 1 employees working as instructors, which represents 0.789% of all salaries paid.

This is compared to a median of $4.89M (31.6%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
1 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
26 Employees

In 2019, the most common positions for instructional staff at Maine Maritime Academy were Professor with 1 employees; Instructor with 0 employees; and Instructor with 0 employees.

In 2019, the most common positions for non-instructional staff at Maine Maritime Academy were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 26 employees; Service with 26 employees; and Office and Administrative Support with 25 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Female Professor
  2. Male Instructor
  3. Female Instructor

In 2019, the most common demographic for instructional staff at Maine Maritime Academy was Female Professor with 1 employees, Male Instructor with 0 employees, and Female Instructor with 0 employees.

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

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