Maine Maritime Academy
Public College in Castine, ME. Six-year graduation rate 59%. Median 10-year earnings $89,964.
Ten-year median earnings of $89,964 are the headline number here, and they are strong ones. The six-year graduation rate is 59%, meaning about two in five students who start do not finish. Median debt at graduation reaches $27,000, heavy enough to shape the years right after the degree. Mobility is where this school separates itself: 3.5% of students move from the bottom income quintile to the top.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.30 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
At 54%, the acceptance rate makes Maine Maritime Academy a school worth applying to with alternatives in hand. The applicant pool is small at 1,365, which makes year-over-year comparisons unreliable. About 33% of admitted students enroll, a yield in the normal range. The score bands below rest on the 28% of enrolled first-years who submitted an SAT score — a self-selected group, and not a cutoff.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 565–625 | 67 (28%) |
| SAT Math | 530–635 | |
| ACT Composite | 21–26 | 17 (7%) |
IPEDS Admissions · 2024
Apply at Maine Maritime Academy →Academics
59% graduate within six years — average, but that average still hides a large group who do not. Retention is strong at 82%, and first-year attrition is where most degrees are lost. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. The 10:1 student-faculty ratio is small enough that seminar-sized classes are the norm. Judge these figures against other institutions of the same type — sector explains more of the variation in completion than any single campus factor.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 888 degree- or certificate-seeking undergraduates
Net price lands at $23,618 a year on average, neither cheap nor punishing. Net price swings hard on family income here, from $9,511 at the $0–30k band to $25,021 at $110k+. 85% of students get grant aid averaging $9,342, so the published price is a poor guide to what most pay. Most students borrow — 58% take federal loans to cover the gap.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 231 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $9,511 |
| $30–48k | $21,690 |
| $48–75k | $21,162 |
| $75–110k | $24,372 |
| $110k+ | $25,021 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 517 of these 888 students, totalling $3,453,343 — an average of $6,680 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Hancock County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)