Maine Maritime Academy

Baccalaureate Colleges

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2016 Undergraduate Tuition

$10,050

2.97% growth from 2015

2016 Average Net Price

$19,225

After Financial Aid

2015 Student Loan

2.48%

Default Rate

2016 Acceptance Rate

75.5%

882 Applicants

2016 Enrolled Students

1,045

95.6% Full-Time

2016 Graduation Rate

62.1%

146 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 (107 degrees awarded), Marine Science & Merchant Marine Officer (51 degrees), and Other Engineering Technologies & Engineering-Related Fields (20 degrees).

In 2016, 249 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 12.4% of these degrees were awarded to women, and 87.6% awarded men. The majority of degree recipients were white (243 degrees), 122 times more than then the next closest race/ethnicity group, unknown (2 degrees).

The median undergraduate tuition at Maine Maritime Academy is $10,050, which is $-14,365 less than the national average for Baccalaureate Colleges ($24,415).

Photo by Alex Proimos

Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

Costs

The median undergraduate tuition at Maine Maritime Academy is $10,050, which is $-14,365 less than the national average for Baccalaureate Colleges ($24,415).

After taking grants and loans into account, the average net price for students is $19,225.

In 2016, 64% of undergraduate students received federal grants, while 81% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$10,050

2016 Undergraduate Tuition

In 2016, the cost of tuition at Maine Maritime Academy was $10,050. The cost of tuition at Maine Maritime Academy is $-14,365 less than than the overall (public and private) national average for Baccalaureate Colleges ($24,415).

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

$19,225

2016 Value

8.76%

1 Year Growth

In 2016 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $19,225. Between 2015 and 2016, the average net price of Maine Maritime Academy grew by 8.76%.

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

$9,830

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Maine Maritime Academy was of $9,830 in 2016. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board did not change between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

64%

Of Undergraduates Receive Grants

81%

Of Undergraduates Receive Federal Loans

64% of undergraduate students at Maine Maritime Academy received grants or loans in 2016. This represents a growth of 1.59% with respect to 2015, when 63% 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.

2.48%

2015 Default Rate

6

Number of Defaults

In 2015 the default rate for borrower's at Maine Maritime Academy was 2.48%, which represents 6 out of the 242 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 882 undergraduate applications in 2016, which represents a 14.7% annual growth. Out of those 882 applicants, 666 students were accepted for enrollment, representing a 75.5% acceptance rate.

There were 1,045 students enrolled at Maine Maritime Academy in 2016, and 92% of first-time enrollees submitted SAT scores with their applications.

Maine Maritime Academy has an overall enrollment yield of 36.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

75.5%

Acceptance Rate in 2016

666

Accepted Out of 882

In 2016, the undergraduate acceptance rate of Maine Maritime Academy was 75.5% (666 admissions from 882 applications). This is higher than the acceptance rate of 2015, which was 65.1%. Between 2015 and 2016, the number of applicants grew by 14.7%, while admissions grew by 32.9%.

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

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SAT Scores

92%

Submission Percentage

227

Scores Submitted

92% of enrolled first-time students at Maine Maritime Academy in 2016 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 1,045 students. The full-time enrollment at Maine Maritime Academy is 999 students and the part-time enrollment is 46. This means that 95.6% of students enrolled at Maine Maritime Academy are enrolled full-time.

The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 87.8% White, 1.63% Hispanic or Latino, 1.15% Asian, 0.957% Black or African American, 0.383% American Indian or Alaska Native, 0.191% 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 (75.1%), followed by White Female (12.8%) and Hispanic or Latino Male (1.43%). Students enrolled in full-time Graduate programs are majority White Male (44.4%), followed by White Female (44.4%) and Asian Male (0%).

Full-Time vs Part-Time Enrollment

95.6%

Full-Time Enrollment

The total enrollment at Maine Maritime Academy, both undergraduate and graduate, is 1,045 students. The full-time enrollment at Maine Maritime Academy is 999 and the part-time enrollment is 46. This means that 95.6% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 81% 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

86%

2016 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 86%. 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

  1. White

    917

  2. Hispanic or Latino

    17

  3. Asian

    12

The enrolled student population at Maine Maritime Academy is 87.8% White, 1.63% Hispanic or Latino, 1.15% Asian, 0.957% Black or African American, 0.383% American Indian or Alaska Native, 0.191% 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 55.6% White, 14% Black or African American, and 12.4% 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, 83 students (7.94%) did not report their race.

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Graduates

In 2016, 187 fewer women than men received degrees from Maine Maritime Academy. The majority of degree recipients at Maine Maritime Academy are white (243 degrees awarded). There were 122 times more white graduates than the next closest race/ethnicity group, unknown (2 degrees).

The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (107 degrees awarded), followed by Marine Science & Merchant Marine Officer (51 degrees) and Other Engineering Technologies & Engineering-Related Fields (20 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 (58 degrees awarded), Engineering (117 degrees), and Engineering Technologies (20 degrees).

Workforce

Common Jobs by Major

Miscellaneous 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 Miscellaneous managers (1,127,758 people), Accountants & auditors (1,102,762 people), Software developers, applications & systems software (477,668 people), Financial managers (447,865 people), and Physicians & surgeons (438,045 people).

The most specialized majors at Maine Maritime Academy are Transportation (58 degrees awarded), Engineering (117 degrees), Engineering Technologies (20 degrees), Biology (10 degrees), and Business (44 degrees).

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Highest Paying Jobs by Major

Physicians & 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 Physicians & surgeons, Economists, Marketing & sales managers, Chief executives & legislators, and Securities, commodities, & financial services sales agents

The most specialized majors at Maine Maritime Academy are Transportation (58 degrees awarded), Engineering (117 degrees), Engineering Technologies (20 degrees), Biology (10 degrees), and Business (44 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 (807,256 people), Hospitals (793,426 people), Colleges, universities & professional schools, including junior colleges (640,571 people), Elementary & secondary schools (599,813 people), and Insurance carriers & related activities (578,385 people).

The most specialized majors at Maine Maritime Academy are Transportation (58 degrees awarded), Engineering (117 degrees), Engineering Technologies (20 degrees), Biology (10 degrees), and Business (44 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

    107 degrees awarded

  2. Marine Science & Merchant Marine Officer

    51 degrees awarded

  3. Other Engineering Technologies & Engineering-Related Fields

    20 degrees awarded

In 2016, the most common bachelors degree concentration at Maine Maritime Academy was Naval Architecture & Marine Engineering with 107 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. 218

  2. 31

In 2016, 218 degrees were awarded to men at Maine Maritime Academy, which is 7.03 times more than the number of degrees awarded to females (31).

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 2016, 104 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 34.7 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2016, 10 degrees were awarded to women at Maine Maritime Academy in Marine Science & Merchant Marine Officer, which is 0.208 times less than the 48 male recipients with that same degree.

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Time to Complete

47%

100% Completion Time

65%

150% Completion Time

In 2016, 47% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 65% completed their degrees within 150% of the normal time, and 67% 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.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Maine Maritime Academy is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (67.2%).

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, 12.3% of graduates (18 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    243 degrees awarded

  2. Unknown

    2 degrees awarded

  3. Black or African American

    1 degrees awarded

The most common race/ethnicity at Maine Maritime Academy is white (243 degrees awarded). There were 122 times more white recipients than the next closest race/ethnicity group, unknown (2 degrees).

0.803% of degree recipients (2 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    213 degrees awarded

  2. White Female

    30 degrees awarded

  3. Black or African American Male

    1 degrees awarded

The most common race/ethnicity and gender grouping at Maine Maritime Academy is white male (213 degrees awarded). There were 7.1 times more white male recipients than the next closest race/ethnicity group, white female (30 degrees).

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Operations

Maine Maritime Academy has an endowment valued at nearly $18.1M, as of the end of the 2015 fiscal year. The return on its endowment was of $157k (0.872%), compared to the 2.13% average return ($717k on $33.6M) across all Baccalaureate Colleges.

In 2015, Maine Maritime Academy had a total expenditure of $40M. Of that $40M, they spent $15.1M on salaries and $40M on benefits.

Maine Maritime Academy employs 25 Professors, 22 Assistant professors, and 19 Associate professors. Most academics at Maine Maritime Academy are Male Professors (19), Male Associate professors(17), and Male Assistant professors (16).

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 Management with 19 employees.

Finances

Endowment

$18.1M

2015 Endowment

2.12%

growth from 2014

Maine Maritime Academy has an endowment valued at about $18.1M, as of the end of the 2015 fiscal year. The endowment of Maine Maritime Academy grew 2.12% from the previous year. The value of their endowment was $15.6M 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. $1.63M - Federal

  2. $23.7k - State

  3. $0 - Local

As of 2015, Maine Maritime Academy received $1.63M in grants and contracts from the federal government, $23.7k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$15.1M

Salary Expenditure

$40M

Benefits Expenditure

In 2015, Maine Maritime Academy had a total expenditure of $40M. Of that $40M, they spent $15.1M on salaries and $40M on benefits.

The bar chart shows the share of the primary expenses at Maine Maritime Academy over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Baccalaureate Colleges Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Maine Maritime Academy as a share of total expenditure.

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Salary Expenditure

$15.1M

2015 Salaries

6.29%

growth from 2014

In 2015, Maine Maritime Academy paid a median of $15.1M in salaries, which represents 37.8% of their overall expenditure ($40M) and a 6.29% growth from the previous year. This is compared to a 4.67% growth from 2013 and a 5.26% growth from 2012.

The median for similar Baccalaureate Colleges is 13.3M (38.4% of overall expenditures).

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Instructional Salaries

$5.01M

Instructional Salaries

76

Number of Employees

In 2015, Maine Maritime Academy paid a total of $5.01M to 76 employees working as instructors, which represents 33.1% of all salaries paid.

This is compared to a median of $4.52M (34%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

25 Employees

Service

Most Common Non-Instructional Employee

25 Employees

In 2016, the most common positions for instructional staff at Maine Maritime Academy were Professor with 25 employees; Assistant professor with 22 employees; and Assistant professor with 19 employees.

In 2016, 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 Management with 19 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Male Associate professor

  3. Male Assistant professor

In 2016, the most common demographic for instructional staff at Maine Maritime Academy was Male Professor with 19 employees, Male Associate professor with 17 employees, and Male Assistant professor with 16 employees.

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

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