Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$12,072
Average Net Price By Family Income
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $10,920 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $27,104 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $11,650 |
| Books and Supplies | $1,000 |
| Tuition Payment Plan | Yes |
Financial Aid: visit page
Financial Aid Email: [email protected]
Aid & Grants
0
100
80%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
28%
Average Aid Per Year
$9,668
28%
Average Federal Grant Aid Per Year
$6,096
Average Institution Grant Aid Per Year
$6,368
33%
Average State Grant Aid Per Year
$2,519
41%
Average Federal Grant Aid Per Year
$6,096
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$26,897,260
Total Non-Need-Based Scholarships/Grants
$3,863,212
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
49%
Average Loan Amount Per Year
$6,938
Students receiving federal loans
48%
Average Federal Loans Per Year
$4,975
Average Other Loans Per Year
$11,475
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$13,750
Loan Default Rate
5%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$196
What Students Are Saying
if you're from out-of-state, make sure that you're coming to usm because they offer a major or program that schools in your home state don't offer, otherwise out-of-state tuition might not be worth it.
Jenae
It's a cheap school, but not as cheap as it could be. Atmosphere, classes, and dining seem to be up to par, but the living spaces (which is usually most important to students) really isn't.
Meghan from Wells, ME
Very affordable education, but a little pricey on the dorms and meals. I feel for the cost I am getting a good education here. I am pleased with this school. It all about what you want to put into it.
Matt
After scholarships, I am only paying $835 this semester for tuition. I am very impressed with the education I am getting here, and for the price it is unbeatable.
Jasmine from Gray, ME
Tuition like any University is high, however you will notice when you get into your classes with Professor who are passionate about their work, that the money you have spent is worth it.
Melinda from Portland, ME
Both in and out of state residential students have expressed the affordability. Just wish there were more scholarship offerings in the area of music.
Rinette from Belfast, Maine
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