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Portland Maine News

Wednesday, September 18, 2024

Cost of college went up for all students at the University of Southern Maine

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In-state tuition and fees rose 3.2 percent for 2018-19 at the University of Southern Maine, according to recent data from the U.S. Department of Education.

Maine residents paid $8,918 to attend the four-year public institution this year – $280 more than the $8,638 charged for 2017-18.

Non-residents paid 138.8 percent more than residents this year, or $21,294. Their price tag grew 3.4 percent from $20,594 in 2017-18.

About 81 percent of the school's undergraduate population are Maine residents. And about 18 percent are residents of other states.

Data shows 97 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 816 students received grants or scholarships totaling $7.1 million and 537 students took out student loans totaling more than $3.7 million.

Including all undergraduates (8,140), 3,718 students used grants or scholarships totaling $28.6 million, and 2,924 students took out $19.2 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~6,593$7,796$7,796$8,638$8,91814.4%
Out-of-state~1,465$18,508$18,508$20,594$21,29415.1%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the University of Southern Maine in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants40546%$2,303,033$5,687
State / local grant or scholarship30634%$499,037$1,631
Institutional grants or scholarships77287%$4,294,092$5,562
Grant or scholarship aid total81692%$7,096,162$8,696
Federal student loans53460%$2,773,738$5,194
Other student loans8710%$895,330$10,291
Student loan aid53760%$3,669,068$6,833
Total student aid86197%--

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