Maine Maritime Academy

https://mainemaritime.edu

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    2024 Undergraduate Tuition
    $11,818
    3% growth from 2023
    2024 Average Net Price
    $23,618
    After Financial Aid
    2024 Acceptance Rate
    54.1%
    1,365 Applicants
    2024 Enrolled Students
    971
    90% Full-Time
    2024 Graduation Rate
    58.8%
    127 Graduates

    About

    Maine Maritime Academy is a higher education institution located in Hancock County, ME. In 2024, the most popular Bachelors Degree concentrations at Maine Maritime Academy were Naval Architecture & Marine Engineering (71 degrees awarded), Marine Science & Merchant Marine Officer (51 degrees), and Power Plant Technology/Technician (26 degrees).

    In 2024, 210 degrees were awarded across all undergraduate and graduate programs at Maine Maritime Academy. 18.6% of these degrees were awarded to women, and 81.4% awarded men. The most common race/ethnicity group of degree recipients was white (181 degrees), 36.2 times more than then the next closest race/ethnicity group, hispanic or latino (5 degrees).

    The median undergraduate tuition at Maine Maritime Academy is $11,818, which is $−16,360 less than the national average for Baccalaureate Colleges ($28,178).

    Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

    Costs

    In 2024, the median undergraduate tuition at Maine Maritime Academy is $11,818, which is $16,360 less than the national average for Baccalaureate Colleges ($28,178).

    After taking grants and loans into account, the average net price for students is $23,618.

    In 2024, 85% of undergraduate students attending Maine Maritime Academy received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

    Tuition Costs

    $11,818
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Maine Maritime Academy was $11,818. The cost of tuition at Maine Maritime Academy is $−16,360 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

    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

    $23,618
    2024 Value
    10.2%
    1 Year Growth

    In 2024 Maine Maritime Academy had an average net price — the price paid after factoring in grants and loans — of $23,618. Between 2023 and 2024, the average net price of Maine Maritime Academy grew by 10.2%.

    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

    $11,926
    Room and Board
    $1,300
    Books and Supplies

    The average yearly cost of room and board at Maine Maritime Academy was of $11,926 in 2024. The cost of room and board increased by 6.1% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,300. 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.

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    Financial Aid by Income Level

    85%
    Undergraduates Receiving Financial Aid through Grants
    58%
    Undergraduates Receiving Financial Aid through Loans

    85% of undergraduate students at Maine Maritime Academy received financial aid through grants or loans in 2024. This represents a growth of 10.4% with respect to 2023, when 77% 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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    Admissions

    Maine Maritime Academy received 1,365 undergraduate applications in 2024, which represents a 19.2% annual growth. Out of those 1,365 applicants, 739 students were accepted for enrollment, representing a 54.1% acceptance rate.

    There were 971 students enrolled at Maine Maritime Academy in 2024. 28% 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

    54.1%
    Acceptance Rate in 2024
    739
    Accepted Out of 1,365

    In 2024, the undergraduate acceptance rate of Maine Maritime Academy was 54.1% (739 admissions from 1,365 applications). This is lower than the acceptance rate of 2023, which was 61.4%. Between 2023 and 2024, the number of applicants grew by 19.2%, while admissions grew by 5.12%.

    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

    28%
    Submission Percentage (2024)
    67
    Scores Submitted (2024)

    28% of enrolled first-time students at Maine Maritime Academy in 2024 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 971 students in 2024. The full-time enrollment at Maine Maritime Academy is 874 students and the part-time enrollment is 97. This means that 90% of students enrolled at Maine Maritime Academy are enrolled full-time.

    The enrolled student population at Maine Maritime Academy, both undergraduate and graduate, is 79.5% White, 5.97% Hispanic or Latino, 2.88% Black or African American, 1.96% Two or More Races, 1.24% Asian, 1.03% American Indian or Alaska Native, and 0.103% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Maine Maritime Academy in full-time Undergraduate programs are most commonly White Male (66.8%), followed by White Female (15.2%) and Hispanic or Latino Male (4.07%). Students enrolled in full-time Graduate programs are most commonly White Male (29%), followed by Hispanic or Latino Male (16.1%) and White Female (6.45%).

    Full-Time vs Part-Time Enrollment

    90%
    Full-Time Enrollment

    The total enrollment at Maine Maritime Academy in 2024, both undergraduate and graduate, is 971 students. The full-time enrollment at Maine Maritime Academy is 874 and the part-time enrollment is 97. This means that 90% of students enrolled at Maine Maritime Academy are enrolled full-time compared with 78.9% 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%
    2024 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 (75%), 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 (2024)
    1. White
      772 enrolled students
    2. Hispanic or Latino
      58 enrolled students
    3. Black or African American
      28 enrolled students

    The enrolled student population at Maine Maritime Academy is 79.5% White, 5.97% Hispanic or Latino, 2.88% Black or African American, 1.96% Two or More Races, 1.24% Asian, 1.03% American Indian or Alaska Native, and 0.103% 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 50.5% White, 15.6% Hispanic or Latino, and 13.2% 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, 64 students (6.59%) did not report their race.

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    Graduates

    In 2024, 132 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 (181 degrees awarded). There were 36.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (5 degrees).

    The most common Bachelor's Degree concentration at Maine Maritime Academy is Naval Architecture & Marine Engineering (71 degrees awarded), followed by Marine Science & Merchant Marine Officer (51 degrees) and Power Plant Technology/Technician (26 degrees).

    In 2024,  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 (54 degrees awarded), Engineering (78 degrees), and Engineering Technologies (26 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 (586,272 people), Other managers (494,281 people), Physicians (491,288 people), Miscellaneous engineers, including nuclear engineers (413,396 people), and Civil engineers (325,221 people).

    The most specialized majors at Maine Maritime Academy in 2024 are Transportation (54 degrees awarded), Engineering (78 degrees), Engineering Technologies (26 degrees), Physical Sciences (3 degrees), and Biology (9 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Physicians
    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, Cardiovascular technologists and technicians, Podiatrists, and Actuaries

    The most specialized majors at Maine Maritime Academy are Transportation (54 degrees awarded), Engineering (78 degrees), Engineering Technologies (26 degrees), Physical Sciences (3 degrees), and Biology (9 degrees) (as of 2024).

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    Common Industries by Major

    General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals
    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 General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (631,362 people), Computer Systems Design (626,380 people), Colleges, universities & professional schools, including junior colleges (569,603 people), Architectural, engineering & related services (531,386 people), and Construction (382,620 people).

    The most specialized majors at Maine Maritime Academy are Transportation (54 degrees awarded), Engineering (78 degrees), Engineering Technologies (26 degrees), Physical Sciences (3 degrees), and Biology (9 degrees) (as of 2024).

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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.
    Marine Science & Merchant Marine Officer
    Most Common (2024)
    3 degrees awarded

    In 2024, the most common associates degree concentration at Maine Maritime Academy was Marine Science & Merchant Marine Officer with 3 degrees awarded.

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

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    Sex Breakdown for Common Majors

    171
    Degrees Awarded to Men
    in 2024
    39
    Degrees Awarded to Women
    in 2024

    In 2024, 171 degrees were awarded to men at Maine Maritime Academy, which is 4.38 times more than the number of degrees awarded to females (39).

    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 2024, 70 degrees were awarded to men at Maine Maritime Academy in Naval Architecture & Marine Engineering, which is 70 times more than the 1 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 11 degrees were awarded to men at Maine Maritime Academy in International Business, Trade, & Commerce, which is 0.688 times less than the 16 male recipients with that same degree.

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    Time to Complete

    52%
    100% Completion Time
    66%
    150% Completion Time

    In 2024, 52% of students graduating from Maine Maritime Academy completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 66% 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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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      181 degrees awarded
    2. Hispanic or Latino
      5 degrees awarded
    3. American Indian or Alaska Native
      3 degrees awarded

    The most common race/ethnicity at Maine Maritime Academy is white (181 degrees awarded). There were 36.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (5 degrees).

    6.19% of degree recipients (13 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Male
      213 degrees awarded
    2. White Male
      208 degrees awarded
    3. White Male
      191 degrees awarded

    The most common race/ethnicity and sex grouping at Maine Maritime Academy is white male (213 degrees awarded). There were 1.02 times more white male recipients than the next closest race/ethnicity group, white male (208 degrees).

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    Operations

    Maine Maritime Academy has an endowment valued at nearly $52M, as of the end of the 2024 fiscal year. The return on its endowment was of 10.8M (20.8%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

    In 2024, Maine Maritime Academy had a total salary expenditure of 55.2M. Maine Maritime Academy employs 0 Associate professors, 0 Assistant professors and 0 Professors. Most academics at Maine Maritime Academy are Male Instructor (0), Male No academic rank (0), and Female Professor (0).

    The most common positions for non-instructional staff at Maine Maritime Academy are: Service, with 30 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 28 employees, and Business and Financial Operations with 20 employees.

    Endowment

    $52M
    2024 Endowment
    9.19%
    growth from 2023

    Maine Maritime Academy has an endowment valued at about $52M, as of the end of the 2024 fiscal year. The endowment of Maine Maritime Academy grew 9.19% from the previous year. The value of their endowment was $2.56M higher 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

    $19.8M
    2024 Salaries
    13.3%
    growth from 2023

    In 2024, Maine Maritime Academy paid a median of $19.8M in salaries, which represents 35.9% of their overall expenditure ($55.2M) and a 13.3% growth from the previous year. This is compared to a 0.547% growth between 2022 and 2023, and a 0.447% decline between 2021 and 2022.

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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 $522k (3.48%) for similar Baccalaureate Colleges.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Maine Maritime Academy were Service with 30 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 28 employees, and Business and Financial Operations with 20 employees.

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