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).
2011-2012 Annual Expenses
The following estimated annual expenses are based on a full-time credit load of 15 credits per term, double room and a 19-meal per week plan.
| Maine Student ($222/ credit) |
Out-of-State Student ($616/ credit) |
New England Regional Program* ($333/ credit) |
Canadian Student ($351/ credit) |
|
| Tuition | $6,660 | $18,480 | $9,990 | $10,530 |
| Fees | $820 | $820 | $820 | $820 |
| Room & Board | $7,648 | $7,648 | $7,648 | $7,648 |
| Yearly Total | $15,128 | $26,948 | $18,458 | $18,998 |
*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: | |
| Federal Pell Grant | $5500 |
| Federal SEO Grant |
$1200 |
| Federal Perkins Loan |
$1000 |
| Federal Work Study | $1600 |
| UMM Grant | $1500 |
| UMM Housing Grant | $1500 |
| Federal Direct Stafford Loan | $5500 |
| Ashley: | |
| Federal Pell Grant | $2750 |
| Federal SEO Grant |
$1000 |
| UMM Housing Grant |
$1500 |
| ME State Grant | $1000 |
| Federal Work Study |
$1600 |
| Federal Direct Stafford Loan | $5500 |
| Michael: | |
| Presidential Scholarship | $5500 |
| UMM Housing Grant |
$1500 |
| Federal Direct Stafford Loan | $5500 |
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.
