Maine Maritime Academy

Baccalaureate Colleges

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2017 Undergraduate Tuition

$10,250

1.99% growth from 2016

2017 Average Net Price

$21,003

After Financial Aid

2016 Student Loan

2.16%

Default Rate

2017 Acceptance Rate

79.6%

760 Applicants

2017 Enrolled Students

1,037

96.4% Full-Time

2017 Graduation Rate

68.4%

180 Graduates

About

Costs

Admissions

Enrollment

Graduates

Operations

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 (91 degrees awarded), Marine Science & Merchant Marine Officer (47 degrees), and International Business, Trade, & Commerce (30 degrees).

In 2017, 241 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 16.2% of these degrees were awarded to women, and 83.8% awarded men. The majority of degree recipients were white (218 degrees), 12.1 times more than then the next closest race/ethnicity group, unknown (18 degrees).

The median undergraduate tuition at Maine Maritime Academy is $10,250, which is $-14,944 less than the national average for Baccalaureate Colleges ($25,194).

Photo by Alex Proimos

Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

Costs

The median undergraduate tuition at Maine Maritime Academy is $10,250, which is $-14,944 less than the national average for Baccalaureate Colleges ($25,194).

After taking grants and loans into account, the average net price for students is $21,003.

In 2017, 69% of undergraduate students received federal grants, while 78% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$10,250

2017 Undergraduate Tuition

In 2017, the cost of tuition at Maine Maritime Academy was $10,250. The cost of tuition at Maine Maritime Academy is $-14,944 less than than the overall (public and private) national average for Baccalaureate Colleges ($25,194).

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

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Average Net Price

$21,003

2017 Value

9.25%

1 Year Growth

In 2017 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $21,003. Between 2016 and 2017, the average net price of Maine Maritime Academy grew by 9.25%.

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

$10,030

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $10,030 in 2017. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 2.03% between 2016 and 2017. 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 2017. This represents a growth of 7.81% with respect to 2016, when 64% 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.

2.16%

2016 Default Rate

6

Number of Defaults

In 2016 the default rate for borrower's at Maine Maritime Academy was 2.16%, which represents 6 out of the 278 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 760 undergraduate applications in 2017, which represents a 13.8% annual decline. Out of those 760 applicants, 605 students were accepted for enrollment, representing a 79.6% acceptance rate.

There were 1,037 students enrolled at Maine Maritime Academy in 2017, and 89% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 40.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

79.6%

Acceptance Rate in 2017

605

Accepted Out of 760

In 2017, the undergraduate acceptance rate of Maine Maritime Academy was 79.6% (605 admissions from 760 applications). This is higher than the acceptance rate of 2016, which was 75.5%. Between 2016 and 2017, the number of applicants declined by -13.8%, while admissions declined by -9.16%.

This chart compares the acceptance rate of Maine Maritime Academy (in red) with that of other similar universities.

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SAT Scores

89%

Submission Percentage

218

Scores Submitted

89% of enrolled first-time students at Maine Maritime Academy in 2017 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 1,037 students. The full-time enrollment at Maine Maritime Academy is 1,000 students and the part-time enrollment is 37. This means that 96.4% of students enrolled at Maine Maritime Academy are enrolled full-time.

The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 87.4% White, 2.22% Hispanic or Latino, 1.06% Asian, 1.06% Black or African American, 0.579% American Indian or Alaska Native, 0.193% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races.

Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are majority White Male (75.4%), followed by White Female (11.9%) and Hispanic or Latino Male (1.72%). Students enrolled in full-time Graduate programs are majority White Male (72.7%), followed by White Female (27.3%) and Two or More Races Male (0%).

Full-Time vs Part-Time Enrollment

96.4%

Full-Time Enrollment

The total enrollment at Maine Maritime Academy, both undergraduate and graduate, is 1,037 students. The full-time enrollment at Maine Maritime Academy is 1,000 and the part-time enrollment is 37. This means that 96.4% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 80.6% 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

77%

2017 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 77%. 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

    906

  2. Hispanic or Latino

    23

  3. Asian

    11

The enrolled student population at Maine Maritime Academy is 87.4% White, 2.22% Hispanic or Latino, 1.06% Asian, 1.06% Black or African American, 0.579% American Indian or Alaska Native, 0.193% 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 54.9% White, 14% Black or African American, and 12.6% Hispanic or Latino.

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Graduates

In 2017, 163 fewer women than men received degrees from Maine Maritime Academy. The majority of degree recipients at Maine Maritime Academy are white (218 degrees awarded). There were 12.1 times more white graduates than the next closest race/ethnicity group, unknown (18 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (91 degrees awarded), followed by Marine Science & Merchant Marine Officer (47 degrees) and International Business, Trade, & Commerce (30 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 (47 degrees awarded), Engineering (105 degrees), and Engineering Technologies (28 degrees).

Workforce

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 (1,128,942 people), Other managers (967,293 people), Software developers (472,102 people), Financial managers (451,359 people), and Physicians (424,620 people).

The most specialized majors at Maine Maritime Academy are Transportation (47 degrees awarded), Engineering (105 degrees), Engineering Technologies (28 degrees), Biology (11 degrees), and Business (50 degrees).

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Highest Paying Jobs by Major

Personal financial advisors

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 Personal financial advisors, Physicians, Surgeons, Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining, and Marketing managers

The most specialized majors at Maine Maritime Academy are Transportation (47 degrees awarded), Engineering (105 degrees), Engineering Technologies (28 degrees), Biology (11 degrees), and Business (50 degrees).

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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 (839,228 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (779,532 people), Colleges, universities & professional schools, including junior colleges (681,500 people), Elementary & secondary schools (623,286 people), and Construction (589,751 people).

The most specialized majors at Maine Maritime Academy are Transportation (47 degrees awarded), Engineering (105 degrees), Engineering Technologies (28 degrees), Biology (11 degrees), and Business (50 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.

Most Common

  1. Naval Architecture & Marine Engineering

    91 degrees awarded

  2. Marine Science & Merchant Marine Officer

    47 degrees awarded

  3. International Business, Trade, & Commerce

    30 degrees awarded

In 2017, the most common bachelors degree concentration at Maine Maritime Academy was Naval Architecture & Marine Engineering with 91 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 202

  2. 39

In 2017, 202 degrees were awarded to men at Maine Maritime Academy, which is 5.18 times more than the number of degrees awarded to females (39).

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 2017, 89 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 44.5 times more than the 2 female recipients with that same degree.

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Most Common Female Majors

In 2017, 10 degrees were awarded to women at Maine Maritime Academy in International Business, Trade, & Commerce, which is 0.5 times less than the 20 male recipients with that same degree.

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Time to Complete

41%

100% Completion Time

58%

150% Completion Time

In 2017, 41% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 60% 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.

White Male

Highest Graduation Rate (70.1%)

The student demographic with the highest graduation rate at Maine Maritime Academy is Male and White (70.1% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (68.1%).

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, 1.67% of graduates (3 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    218 degrees awarded

  2. Unknown

    18 degrees awarded

  3. Asian

    2 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (218 degrees awarded). There were 12.1 times more white recipients than the next closest race/ethnicity group, unknown (18 degrees).

7.47% of degree recipients (18 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    183 degrees awarded

  2. White Female

    35 degrees awarded

  3. Asian Male

    2 degrees awarded

The most common race/ethnicity and gender grouping at Maine Maritime Academy is white male (183 degrees awarded). There were 5.23 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 $20.5M, as of the end of the 2017 fiscal year. The return on its endowment was of $4.11M (20.1%), compared to the 7.76% average return ($2.88M on $37.1M) across all Baccalaureate Colleges.

In 2017, Maine Maritime Academy had a total salary expenditure of $43.6M. Maine Maritime Academy employs 2 Professors, 0 Instructors, and 0 Lecturers. Most academics at Maine Maritime Academy are Male Professors (1), Female Professors(1), and Male Instructors (0).

The most common positions for non-instructional staff at Maine Maritime Academy are: Service, with 25 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 21 employees, and Office and Administrative Support with 20 employees.

Finances

Endowment

$20.5M

2017 Endowment

11%

growth from 2016

Maine Maritime Academy has an endowment valued at about $20.5M, as of the end of the 2017 fiscal year. The endowment of Maine Maritime Academy grew 11% from the previous year. The value of their endowment was $16.6M 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. $1.81M - Federal

  2. $48.2k - State

  3. $0 - Local

As of 2017, Maine Maritime Academy received $1.81M in grants and contracts from the federal government, $48.2k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$16.7M

2017 Salaries

2.38%

growth from 2016

In 2017, Maine Maritime Academy paid a median of $16.7M in salaries, which represents 38.2% of their overall expenditure ($43.6M) and a 2.38% growth from the previous year. This is compared to a 7.38% growth from 2015 and a 6.29% growth from 2014.

The median for similar Baccalaureate Colleges is 14.2M (38.9% of overall expenditures).

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Instructional Salaries

$245k

Instructional Salaries

2

Number of Employees

In 2017, Maine Maritime Academy paid a total of $245k to 2 employees working as instructors, which represents 1.47% of all salaries paid.

This is compared to a median of $3.02M (30.9%) for similar Baccalaureate Colleges: Diverse Fields.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

2 Employees

Service

Most Common Non-Instructional Employee

25 Employees

In 2017, the most common positions for instructional staff at Maine Maritime Academy were Professor with 2 employees; Instructor with 0 employees; and Instructor with 0 employees.

In 2017, the most common positions for non-instructional staff at Maine Maritime Academy were Service with 25 employees; Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 21 employees; and Office and Administrative Support with 20 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Female Professor

  3. Male Instructor

In 2017, the most common demographic for instructional staff at Maine Maritime Academy was Male Professor with 1 employees, Female Professor with 1 employees, and Male Instructor with 0 employees.

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

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