Your Financial Aid Package

Factors used in the determination of your financial aid package include your cost of education and your Estimated Family Contribution (EFC), which is derived from the income and asset information that you and your family provide on the financial aid application (FAFSA).

2009-2010 Annual Expenses

The following table is based on a full-time load of 15 credits per semester, double room, and 19-meals per week.

  Maine
Student
($201/ credit) 		 Out-of-State
Student
($559/ credit) 		 New England
 Regional Program* 
($302/ credit)		 Canadian
Student
($318/ credit) 
Tuition  $6,030  $16,770   $9,060  $9,540
Fees  $745  $745   $745  $745
Room & Board    $6,936  $6,936   $6,936  $6,936
Yearly Total  $13,711  $24,451   $16,741  $17,221

*Click here for a list of NEBHE eligible programs.

Determining Your Financial Aid Package

You can estimate your eligibility for federal student aid using these costs based on UMM's prior year tuition, fee and room and board rates by using the FAFSA4caster.

Financial Aid Package Examples

Jessica:
Pell Grant $4731
SEOG $1200
Perkins $1000
Work Study $1600
UMM Grant $1500
Stafford Loan $5500
Housing Award $1500
Ashley:
Pell Grant $2181
SEOG $700
Work Study $1600
ME State Grant $1200
Stafford Loan $5500
Housing Award $1500
Michael:
Presidential Scholarship $5500
Stafford Loan $5500
Housing Award $1500

Question: Will I receive enough financial aid to cover my entire need?

Answer: Not always. If your financial need is not fully met by aid provided by UMM, there are other options available. Some of these choices may include a tuition payment plan, which allows you to spread out payments over a set period of time, a Parent PLUS loan, or an alternative loan.