The Maine College of Art & Design reported a 2.9% tuition increase for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year nonprofit institution paid $39,830 this year, which is $1,140 higher than the $38,690 tuition charged during the 2021-22 academic year.
Approximately 14% of the undergraduate student body are residents of Maine. The remaining 85% come from other U.S. states, while international students make up about 1%.
Data indicates that every full-time undergraduate who began studies at Maine College of Art & Design in 2022-23 received some form of student financial aid. Specifically, 96 students were awarded grants or scholarships totaling $1.9 million, and 67 students obtained student loans exceeding $980,279.
Overall, 380 undergraduate students benefited from grants or scholarships amounting to $7.9 million. Additionally, 269 students secured federal student loans totaling $1.8 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Maine College of Art & Design in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 21 | 22% | $129,376 | $6,161 |
| State / local grant or scholarship | 7 | 7% | $18,750 | $2,679 |
| Institutional grants or scholarships | 96 | 100% | $1.8 million | $18,393 |
| Grant or scholarship aid total | 96 | 100% | $1.9 million | $19,936 |
| Federal student loans | 65 | 68% | $353,221 | $5,434 |
| Other student loans | 23 | 24% | $627,058 | $27,263 |
| Student loan aid | 67 | 70% | $980,279 | $14,631 |
| Total student aid | 96 | 100% | $2.9 million | $30,146 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
