Maine Maritime Academy

mainemaritime.edu

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2023 Undergraduate Tuition
$11,474
2023 Average Net Price
$21,433
After Financial Aid
2020 Default Rate
0%
on Student Loans
2023 Acceptance Rate
61.4%
1,145 Applicants
2023 Enrolled Students
913
96.1% Full-Time
2023 Graduation Rate
61.5%
147 Graduates

About

Maine Maritime Academy is a higher education institution located in Hancock County, ME. In 2023, the most popular Bachelors Degree concentrations at Maine Maritime Academy were Marine Science & Merchant Marine Officer (32 degrees awarded), Power Plant Technology/Technician (30 degrees), and Naval Architecture & Marine Engineering (24 degrees).

In 2023, 137 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 23.4% of these degrees were awarded to women, and 76.6% awarded men. The most common race/ethnicity group of degree recipients was white (105 degrees), 13.1 times more than then the next closest race/ethnicity group, hispanic or latino (8 degrees).

The median undergraduate tuition at Maine Maritime Academy is $11,474, which is $−17,806 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Maine Maritime Academy was 0%, corresponding to 0 out of the 226 total borrowers.

Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Maine Maritime Academy is $11,474, which is $17,806 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $21,433.

In 2023, 77% of undergraduate students attending Maine Maritime Academy received financial aid through grants. Comparatively, 66% of undergraduate students received financial aid through loans.

Tuition Costs

$11,474
2023 Undergraduate Tuition

In 2023, the cost of tuition at Maine Maritime Academy was $11,474. The cost of tuition at Maine Maritime Academy is $−17,806 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

$21,433
2023 Value
7.36%
1 Year Growth

In 2023 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $21,433. Between 2022 and 2023, the average net price of Maine Maritime Academy grew by 7.36%.

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

$11,240
Room and Board
$1,300
Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $11,240 in 2023. The cost of room and board increased by 3.02% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,300. The cost of books and supplies increased by 30% during the same period.

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

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Financial Aid by Income Level

77%
Undergraduates Receiving Financial Aid through Grants
66%
Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at Maine Maritime Academy received financial aid through grants or loans in 2023. This represents a growth of 16.7% with respect to 2022, 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.
0%
2020 Default Rate
0
Number of Defaults

In 2020 the default rate for borrower's at Maine Maritime Academy was 0%, which represents 0 out of the 226 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 1,145 undergraduate applications in 2023, which represents a 1.63% annual growth. Out of those 1,145 applicants, 703 students were accepted for enrollment, representing a 61.4% acceptance rate.

There were 913 students enrolled at Maine Maritime Academy in 2023. 34% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 32.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

61.4%
Acceptance Rate in 2023
703
Accepted Out of 1,145

In 2023, the undergraduate acceptance rate of Maine Maritime Academy was 61.4% (703 admissions from 1,145 applications). This is higher than the acceptance rate of 2022, which was 57.6%. Between 2022 and 2023, the number of applicants declined by 1.63%, while admissions grew by 4.77%.

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

34%
Submission Percentage (2023)
79
Scores Submitted (2023)

34% of enrolled first-time students at Maine Maritime Academy in 2023 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 913 students in 2023. The full-time enrollment at Maine Maritime Academy is 877 students and the part-time enrollment is 36. 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 81.8% White, 5.48% Hispanic or Latino, 2.52% Black or African American, 1.97% Two or More Races, 1.2% Asian, and 0.986% American Indian or Alaska Native.

Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are most commonly White Male (67.9%), followed by White Female (15.1%) and Hispanic or Latino Male (3.27%). Students enrolled in full-time Graduate programs are most commonly White Male (41.7%), followed by White Female (16.7%) and Hispanic or Latino Male (8.33%).

Full-Time vs Part-Time Enrollment

96.1%
Full-Time Enrollment

The total enrollment at Maine Maritime Academy in 2023, both undergraduate and graduate, is 913 students. The full-time enrollment at Maine Maritime Academy is 877 and the part-time enrollment is 36. This means that 96.1% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 78.8% 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

82%
2023 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 82%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), 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 (2023)
  1. White
    747 enrolled students
  2. Hispanic or Latino
    50 enrolled students
  3. Black or African American
    23 enrolled students

The enrolled student population at Maine Maritime Academy is 81.8% White, 5.48% Hispanic or Latino, 2.52% Black or African American, 1.97% Two or More Races, 1.2% Asian, and 0.986% 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 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 49 students (5.37%) did not report their race.

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Graduates

In 2023, 73 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 (105 degrees awarded). There were 13.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Marine Science & Merchant Marine Officer (32 degrees awarded), followed by Power Plant Technology/Technician (30 degrees) and Naval Architecture & Marine Engineering (24 degrees).

In 2023,  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 (35 degrees awarded), Engineering Technologies (30 degrees), and Engineering (32 degrees).

Common Jobs by Major

Software developers
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 Software developers (529,264 people), Other managers (459,933 people), Physicians (454,074 people), Miscellaneous engineers, including nuclear engineers (382,631 people), and Civil engineers (306,257 people).

The most specialized majors at Maine Maritime Academy in 2023 are Transportation (35 degrees awarded), Engineering Technologies (30 degrees), Engineering (32 degrees), Interdisciplinary Studies (5 degrees), and Biology (7 degrees) (as of 2023).

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Highest Paying Jobs by Major

Surgeons
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, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Maine Maritime Academy are Transportation (35 degrees awarded), Engineering Technologies (30 degrees), Engineering (32 degrees), Interdisciplinary Studies (5 degrees), and Biology (7 degrees) (as of 2023).

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Common Industries by Major

Elementary & secondary schools
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 Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Maine Maritime Academy are Transportation (35 degrees awarded), Engineering Technologies (30 degrees), Engineering (32 degrees), Interdisciplinary Studies (5 degrees), and Biology (7 degrees) (as of 2023).

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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.
Most Common (2023)
  1. Marine Science & Merchant Marine Officer
    32 degrees awarded
  2. Power Plant Technology/Technician
    30 degrees awarded
  3. Naval Architecture & Marine Engineering
    24 degrees awarded

In 2023, the most common bachelors degree concentration at Maine Maritime Academy was Marine Science & Merchant Marine Officer with 32 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

105
Degrees Awarded to Men
in 2023
32
Degrees Awarded to Women
in 2023

In 2023, 105 degrees were awarded to men at Maine Maritime Academy, which is 3.28 times more than the number of degrees awarded to females (32).

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 2023, 26 degrees were awarded to men at Maine Maritime Academy in Power Plant Technology/Technician, which is 6.5 times more than the 4 female recipients with that same degree.

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Most Common Female Majors

In 2023, 9 degrees were awarded to men at Maine Maritime Academy in Marine Science & Merchant Marine Officer, which is 0.346 times less than the 26 male recipients with that same degree.

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Time to Complete

54%
100% Completion Time
72%
150% Completion Time

In 2023, 54% 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.
Asian Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Maine Maritime Academy is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

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 (2023)
  1. White
    105 degrees awarded
  2. Hispanic or Latino
    8 degrees awarded
  3. Asian
    4 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (105 degrees awarded). There were 13.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

10.2% of degree recipients (14 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    82 degrees awarded
  2. White Female
    23 degrees awarded
  3. Hispanic or Latino Female
    4 degrees awarded

The most common race/ethnicity and sex grouping at Maine Maritime Academy is white male (82 degrees awarded). There were 3.57 times more white male recipients than the next closest race/ethnicity group, white female (23 degrees).

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Operations

Maine Maritime Academy has an endowment valued at nearly $47.6M, as of the end of the 2023 fiscal year. The return on its endowment was of 7.53M (15.8%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Maine Maritime Academy had a total salary expenditure of 44.9M. Maine Maritime Academy employs 0 No academic ranks, 0 Instructors and 0 Lecturers. Most academics at Maine Maritime Academy are Male Associate professor (0), Male Assistant professor (0), and Female Instructor (0).

The most common positions for non-instructional staff at Maine Maritime Academy are: Service, with 31 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 26 employees, and Business and Financial Operations with 22 employees.

Endowment

$47.6M
2023 Endowment
6.24%
growth from 2022

Maine Maritime Academy has an endowment valued at about $47.6M, as of the end of the 2023 fiscal year. The endowment of Maine Maritime Academy grew 6.24% from the previous year. The value of their endowment was $3.8M 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

$17.5M
2023 Salaries
0.547%
growth from 2022

In 2023, Maine Maritime Academy paid a median of $17.5M in salaries, which represents 38.9% of their overall expenditure ($44.9M) and a 0.547% growth from the previous year. This is compared to a 0.447% decline between 2021 and 2022, and a 4.01% growth between 2020 and 2021.

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 $552k (3.27%) for similar Baccalaureate Colleges.

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Occupations by Share

No academic rank
Most Common Instructor
0 Employees
Service
Most Common Non-Instructional Employee
31 Employees

In 2023, the most common positions for instructional staff at Maine Maritime Academy were No academic rank with 0 employees, Instructor with 0 employees, and Lecturer with 0 employees.

In 2023, the most common positions for non-instructional staff at Maine Maritime Academy were Service with 31 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 26 employees, and Business and Financial Operations with 22 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Associate professor
  2. Male Assistant professor
  3. Female Instructor

In 2023, the most common demographic for instructional staff at Maine Maritime Academy was Male Associate professor with 0 employees, Male Assistant professor with 0 employees, and Female Instructor with 0 employees.

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

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