Maine Maritime Academy

mainemaritime.edu

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2020 Undergraduate Tuition

$11,030

2.47% growth from 2019

2020 Average Net Price

$18,739

After Financial Aid

2018 Student Loan

2.25%

Default Rate

2020 Acceptance Rate

52.1%

1,147 Applicants

2020 Enrolled Students

941

96.5% Full-Time

2020 Graduation Rate

73.2%

169 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 (71 degrees awarded), International Business, Trade, & Commerce (36 degrees), and Marine Science & Merchant Marine Officer (30 degrees).

In 2020, 191 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 17.8% of these degrees were awarded to women, and 82.2% awarded men. The most common race/ethnicity group of degree recipients was white (174 degrees), 14.5 times more than then the next closest race/ethnicity group, unknown (12 degrees).

The median undergraduate tuition at Maine Maritime Academy is $11,030, which is $−17,370 less than the national average for Baccalaureate Colleges ($28,400).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

The median undergraduate tuition at Maine Maritime Academy is $11,030, which is $−17,370 less than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $18,739.

In 2020, 67% of undergraduate students received federal grants, while 84% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$11,030

2020 Undergraduate Tuition

In 2020, the cost of tuition at Maine Maritime Academy was $11,030. The cost of tuition at Maine Maritime Academy is $−17,370 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

Average Net Price

$18,739

2020 Value

9.6%

1 Year Growth

In 2020 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $18,739. Between 2019 and 2020, the average net price of Maine Maritime Academy grew by 9.6%.

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.

Other Student Expenses

$10,516

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $10,516 in 2020. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 2% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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

Financial Aid

Financial Aid by Income Level

67%

Of Undergraduates Receive Grants

84%

Of Undergraduates Receive Federal Loans

67% of undergraduate students at Maine Maritime Academy received grants or loans in 2020. This represents a decline of 2.9% with respect to 2019, when 69% 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.

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.

2.25%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Maine Maritime Academy was 2.25%, which represents 6 out of the 267 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.

Admissions

Maine Maritime Academy received 1,147 undergraduate applications in 2020, which represents a 20.4% annual decline. Out of those 1,147 applicants, 598 students were accepted for enrollment, representing a 52.1% acceptance rate.

There were 941 students enrolled at Maine Maritime Academy in 2020, and 91% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 36.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

52.1%

Acceptance Rate in 2020

598

Accepted Out of 1,147

In 2020, the undergraduate acceptance rate of Maine Maritime Academy was 52.1% (598 admissions from 1,147 applications). This is higher than the acceptance rate of 2019, which was 45.3%. Between 2019 and 2020, the number of applicants declined by −20.4%, while admissions declined by −8.42%.

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

SAT Scores

91%

Submission Percentage

197

Scores Submitted

91% of enrolled first-time students at Maine Maritime Academy in 2020 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.

Enrollment

Maine Maritime Academy has a total enrollment of 941 students. The full-time enrollment at Maine Maritime Academy is 908 students and the part-time enrollment is 33. This means that 96.5% of students enrolled at Maine Maritime Academy are enrolled full-time.

The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 81.7% White, 4.04% Hispanic or Latino, 1.7% Asian, 1.7% Black or African American, 0.85% Two or More Races, 0.744% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are most commonly White Male (68.5%), followed by White Female (13.3%) and Hispanic or Latino Male (3.22%). Students enrolled in full-time Graduate programs are most commonly White Male (71.4%), followed by White Female (28.6%) and Asian Male (0%).

Full-Time vs Part-Time Enrollment

96.5%

Full-Time Enrollment

The total enrollment at Maine Maritime Academy, both undergraduate and graduate, is 941 students. The full-time enrollment at Maine Maritime Academy is 908 and the part-time enrollment is 33. This means that 96.5% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 80.1% 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.

Retention Rate over Time

77%

2020 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
769
Hispanic or Latino
38
Asian
16

The enrolled student population at Maine Maritime Academy is 81.7% White, 4.04% Hispanic or Latino, 1.7% Asian, 1.7% Black or African American, 0.85% Two or More Races, 0.744% American Indian or Alaska Native, and 0% 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 Baccalaureate Colleges is 54.8% White, 13.8% Black or African American, and 13.4% 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, 82 students (8.71%) did not report their race.

Graduates

In 2020, 123 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 (174 degrees awarded). There were 14.5 times more white graduates than the next closest race/ethnicity group, unknown (12 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (71 degrees awarded), followed by International Business, Trade, & Commerce (36 degrees) and Marine Science & Merchant Marine Officer (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 (36 degrees awarded), Engineering (79 degrees), and Interdisciplinary Studies (8 degrees).

Workforce

Common Jobs by Major

Other managers

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 (1,043,204 people), Accountants & auditors (1,017,484 people), Software developers (552,759 people), Financial managers (518,926 people), and Chief executives & legislators (500,570 people).

The most specialized majors at Maine Maritime Academy are Transportation (36 degrees awarded), Engineering (79 degrees), Interdisciplinary Studies (8 degrees), Business (39 degrees), and Biology (5 degrees).

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, Chief executives & legislators, Cardiovascular technologists and technicians, Diagnostic medical sonographers, and Securities, commodities, & financial services sales agents

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 (912,486 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (807,299 people), Colleges, universities & professional schools, including junior colleges (734,944 people), Elementary & secondary schools (713,207 people), and Construction (642,114 people).

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

Naval Architecture & Marine Engineering
71 degree-majorss awarded
International Business, Trade, & Commerce
36 degree-majorss awarded
Marine Science & Merchant Marine Officer
30 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Maine Maritime Academy was Naval Architecture & Marine Engineering with 71 degrees awarded.

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

Sex Breakdown for Common Majors

157

Degrees Awarded to Men

in 2020

Degrees Awarded to Women

in 2020

In 2020, 157 degrees were awarded to men at Maine Maritime Academy, which is 4.62 times more than the number of degrees awarded to females (34).

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

Most Common Male Majors

In 2020, 67 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 16.8 times more than the 4 female recipients with that same degree.

Most Common Female Majors

In 2020, 15 degrees were awarded to women at Maine Maritime Academy in International Business, Trade, & Commerce, which is 0.714 times less than the 21 male recipients with that same degree.

Time to Complete

53%

100% Completion Time

74%

150% Completion Time

In 2020, 53% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 74% completed their degrees within 150% of the normal time, and 75% 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.

Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Maine Maritime Academy is Male and Hispanic or Latino (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 2.37% of graduates (4 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
174 degrees awarded
Unknown
12 degrees awarded
Hispanic or Latino
5 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (174 degrees awarded). There were 14.5 times more white recipients than the next closest race/ethnicity group, unknown (12 degrees).

6.28% of degree recipients (12 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
142 degrees awarded
White Female
32 degrees awarded
Hispanic or Latino Male
5 degrees awarded

The most common race/ethnicity and sex grouping at Maine Maritime Academy is white male (142 degrees awarded). There were 4.44 times more white male recipients than the next closest race/ethnicity group, white female (32 degrees).

Operations

Maine Maritime Academy has an endowment valued at nearly $35.7M, as of the end of the 2020 fiscal year. The return on its endowment was of $747k (2.09%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Maine Maritime Academy had a total salary expenditure of $42.9M. 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: Service, with 27 employees, Office and Administrative Support, with 27 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 22 employees.

Finances

Endowment

$35.7M

2020 Endowment

5.14%

growth from 2019

Maine Maritime Academy has an endowment valued at about $35.7M, as of the end of the 2020 fiscal year. The endowment of Maine Maritime Academy grew 5.14% from the previous year. The value of their endowment was $4.13M 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.

Government Grants and Contracts

Grants & Contracts

$866k - Federal
$15.9k - State
$0 - Local

As of 2020, Maine Maritime Academy received $866k in grants and contracts from the federal government, $15.9k from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$16.8M

2020 Salaries

1.62%

decline from 2019

In 2020, Maine Maritime Academy paid a median of $16.8M in salaries, which represents 39.1% of their overall expenditure ($42.9M) and a 1.62% decline from the previous year. This is compared to a 1.08% growth from 2018 and a 1.37% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

Instructional Salaries

$137k

Instructional Salaries

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 $4.78M (31%) for similar Baccalaureate Colleges.

Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

1 Employees

Service

Most Common Non-Instructional Employee

27 Employees

In 2020, 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 2020, the most common positions for non-instructional staff at Maine Maritime Academy were Service with 27 employees; Office and Administrative Support with 27 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 22 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Female Professor
Male Instructor
Female Instructor

In 2020, 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 sex split between each academic rank present at Maine Maritime Academy.

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