Types of Financial Aid

All UMM financial aid awards are subject to federal, state, and institutional "over award" regulations, regardless of whether specific award criteria are related to "need" as defined by the federal government. No student may receive total funding that exceeds their "need" as it is defined in federal regulations.

UMM Merit Scholarships

Acadia Scholarship

Awarded to first-year out-of-state students attending UMM full-time. Eligibility is based on achieving at least 1100 on combined SAT scores, or 23 ACT scores, or a cumulative GPA of 3.60 or higher.  Continuation into subsequent years is determined by an annual review after spring grades are available. A cumulative GPA of 3.0 must be achieved to retain the Acadia Scholarship. Students will be notified in writing by the Financial Aid Office if the scholarship is suspended due to academic standing.

  • $7,500 for out-of-state students
  • Not available to students paying tuition at the Canadian or NEBHE rates.

Sunrise Scholarship

Awarded to first-year out-of-state students attending UMM full-time. Eligibility is based on achieving at least 950 on combined SAT scores, or 20 on ACT scores, or a cumulative GPA of 3.0 or higher. Continuation into subsequent years is determined by an annual review after spring grades are available. A cumulative GPA of 2.5 must be achieved to retain the Sunrise Scholarship. Students will be notified in writing by the Financial Aid Office if the scholarship is suspended due to academic standing.

  • $6,500 for out-of-state students
  • Not available to students paying tuition at the Canadian or NEBHE rates.

Bold Coast Scholarship

Awarded to first-year students attending UMM full-time. Eligibility is based on achieving at least 880 on combined SAT scores, or 18 on ACT scores, or a cumulative GPA of 2.40 or higher.

  • $2,500 per year for out-of-state students
  • $1,000 per year for in-state students
  • Not available to students paying tuition at the Canadian or NEBHE rates.

Presidential Scholarship

Awarded to first-time or transfer students attending UMM full-time. For first-time students, eligibility is based on achieving at least 1,000 on combined SAT scores, or 22 on ACT scores, or a cumulative GPA of 3.0 or higher. For transfer students or others who have not taken the SAT or ACT, eligibility is based on a GPA of 2.75 or higher. Scholarship amounts vary according to student status:

  • $5,500 for out-of-state transfer students
  • $2,000 for first-time or transfer students who are Maine residents
  • Not available to students paying tuition at the Canadian or NEBHE rates.

Continuation into subsequent years is determined by an annual review after spring grades are available. A cumulative GPA of 2.5 must be achieved to retain the Presidential Scholarship. Students will be notified in writing by the Financial Aid Office if the scholarship is suspended due to academic standing.

Merit Scholarship Continuation Criteria

Tuition advantages for Canadian and NEBHE students

Two groups of out-of-state students qualify for special tuition advantages to assist them in paying college expenses. Canadians and students from New England states who pursue selected academic programs as identified by the New England Board of Higher Education (NEBHE) can save approximately $5,500 per year. (This amount can vary according to the number of credits in which the student enrolls.) Our Admissions Office can advise you of which programs qualify under the NEBHE program.

Federal and State Need Based Grants

Federal Pell Grants

Awarded to financially needy undergraduate students. Amount is determined by the EFC calculated using the FAFSA, the cost of attendance, and enrollment status. Maximum annual award for a full-time student in 2014-15 is $5,730.

Federal Supplemental Educational Opportunity Grants (SEOG)

Awarded to undergraduate students who demonstrate exceptional need, generally as companion awards to the Pell Grant. Amounts vary according to funding availability, student need, and enrollment status.

Maine State Grants

The Maine State Grant Program offers assistance to Maine residents attending college either part-time or full-time. Application is made by completing the FAFSA by the published state deadline (May 1). In order to be considered a student must:

  • Be a Maine resident for at least one year prior to application;
  • Have graduated from an approved secondary school or received a GED;
  • Be enrolled in an eligible school for a first undergraduate degree;
  • Have financial need, as determined by the FAFSA; and
  • Meet general eligibility requirements as set forth by the Federal Student Aid Programs.

State grants from other states are sometimes available to students who are residents of those states if their state has a reciprocal agreement with Maine. These agreements allow state scholarships to be “portable.” Students should check with their state higher education agencies to determine state-specific rules.

UMM Connect! Grant

The University of Maine at Machias has a comprehensive financial aid program that rewards academic excellence and addresses affordability.  We strive to meet a percentage of your financial need (as defined by federal student aid regulations) with gift aid that doesn’t need to be repaid from federal, state and institutional sources.  Financial support may be available through our UMM Connect! Grant to help you with college costs. All you need to do is complete the Free Application for Federal Student Aid (FAFSA) and we will consider you for the UMM Connect! Grant.  Timely FAFSA application maximizes your financing options and March 1 is UMM’s priority funding deadline.  UMM Connect! Grant funds are only available to students studying full-time. 

Loan Programs

William D. Ford Federal Direct Loan Program (Direct Loan)

William D. Ford Federal Direct Stafford Loans are student loans that must be repaid and are available to both undergraduate and graduate students. The federal government provides the funds for your Stafford Loan through your school. First-year dependent undergraduates are eligible for a subsidized loan up to $3,500 and an additional unsubsidized amount of up to $2,000 for a total of up to $5,500. A subsidized loan is awarded on the basis of financial need. If you're eligible for a subsidized loan, the government will pay (subsidize) the interest on your loan while you're in school. For an unsubsidized loan, you are responsible for the interest from the time the unsubsidized loan is disbursed until it is paid in full. Annual maximum loan amounts increase for subsequent years of study.

  • Subsidized loans first disbursed to undergraduate students on or after July 1, 2014 through June 30, 2015 have an interest rate of 4.66 percent.
  • Unsubsidized loans first disbursed to undergraduate students on or after July 1, 2014 through June 30, 2015 have an interest rate of 4.66 percent.


Direct PLUS Loans are unsubsidized loans made to parents of dependent undergraduate students. A dependent undergraduate student whose parent is unable to obtain a PLUS Loan may borrow additional Unsubsidized Stafford Loan funds at the higher loan limits otherwise available only to independent undergraduates. Direct PLUS Loans first disbursed on or after July 1, 2014 have a fixed interest rate of 7.21 percent.

Federal Perkins Loan

Federal Perkins Loans are made through a combination of Federal and University funds, 5% interest rate.  Repayment begins nine months after the student graduates or leaves school.  Funds are limited.

Private (Alternative) Loan Programs

Alternative loans are another option for students seeing to supplement the traditional forms of financial aid.  These loans should be the last option a family considers after trying to secure scholarships, grants and Direct Loans.

Native American Waivers and Scholarships

A two-part program funded by the University of Maine System (UMS) to encourage eligible, qualified Native Americans to pursue higher education in Maine.

First, tribal membership must be determined by the University of Maine System Coordinator of the North American Waiver and Scholarship Program; the student applies directly to the UMS for this step. Then the student must complete a UMM-specific Native American Program Agreement, to receive payment of all mandatory fees and tuition.

Second, the room and board scholarship pays for room and board charges (standard double occupancy) for students meeting the following eligibility requirements:

  • Apply for federal student aid using the FAFSA;
  • Be enrolled as a matriculated (admitted into a degree program) student;
  • Enroll for at least 12 credits each semester;
  • Reside in a campus residence hall; and
  • Show continuing satisfactory academic progress as defined by UMM and federal guidelines.

Outside scholarships

Outside scholarships are offered by organizations other than UMM. Students apply for them on their own initiative, and the organizations consider applications and make awards according to their own criteria. Students receiving any federal aid are required by law to report these awards to UMM where the awards will be incorporated into the award packages.

Free Online Scholarship Searches
We do not recommend that you pay for any scholarship search. Research all scholarship search organizations carefully. Listed
below are several reliable scholarship searches that are available on the Web. All of these searches are available free of charge.

FinAid: www.finaid.org

Maine Community Foundation: www.mainecf.org

CollegeBoard: www.collegeboard.com

Finance Authority of Maine: www.famemaine.com

FastWeb: www.fastweb.com

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