Maine Maritime Academy: Cost, Graduate Salary, Acceptance Rate and Return on Investment
Maine Maritime Academy is a public college in Castine, ME. Students pay about $23,414 a year in net price, and the median graduate earns $89,964 ten years after enrolling. By our Degree-ROI measure the degree pays back in about 2.8 years and adds $311,984 over a decade, ranking it #36 of 918 (top 5%) by value added.
What is Maine Maritime Academy's acceptance rate?
Maine Maritime Academy has an acceptance rate of 54.1%, which makes it moderately selective. It is a public institution in Castine, ME enrolling about 942 students, with a 59.9% graduation rate.
How much does Maine Maritime Academy cost?
Maine Maritime Academy costs about $23,414 per year in average net price, what a typical student actually pays after grants and scholarships. Over four years, including typical borrowing, that totals roughly $120,656. Published sticker cost of attendance is $31,046 per year.
How much do Maine Maritime Academy graduates earn?
Ten years after enrolling, the median Maine Maritime Academy student earns $89,964 per year. That is $43,264 more than the $46,700 that the typical worker with only a high-school diploma earns.
Is Maine Maritime Academy worth it? Degree ROI and payback period
Maine Maritime Academy pays back its roughly $120,656 cost in about 2.8 years, then keeps returning the earnings premium. Over the first decade the degree adds about $311,984 net of cost, a 3.59x return on the money invested. That ranks it #36 of 918 (top 5%) by value added. Its top-tier value is driven mainly by strong graduate earnings and a small, focused program.
Top 10% value
Maine Maritime Academy graduation rate and student debt
59.9% of Maine Maritime Academy students complete their degree, and the median graduate leaves with $27,000 in federal student debt. That debt is about 30% of one year of median graduate earnings.
Maine Maritime Academy by the numbers (vs the typical college)
How Maine Maritime Academy compares to the median four-year college in our snapshot. Percentile is its rank among the 918 colleges that report both earnings and cost (higher is better).
| Metric | This school | Median college | Percentile |
|---|---|---|---|
| Avg net price / yr | $23,414 | $20,299 | cheaper than 36% |
| Median earnings (10 yrs) | $89,964 | $54,768 | 96th |
| Graduation rate | 59.9% | 57.0% | 55th |
| Acceptance rate | 54.1% | 75.7% | more selective than 81% |
| 10-yr value added | $311,984 | -$28,192 | 96th |
| ROI multiple (per $1) | 3.59x | 0.73x | 93th |
| Payback period | 2.8 yrs | 8.8 yrs | faster than 91% |
Frequently asked
Is Maine Maritime Academy worth the cost compared to other colleges?
By value added net of cost, Maine Maritime Academy ranks #36 of 918 (top 5%) of the 918 four-year colleges we rank, and returns about 3.59x the money invested over a decade.
Is Maine Maritime Academy expensive compared to other colleges?
Its $23,414 average net price is above the $20,299 median for the colleges in this snapshot, making it cheaper than 36% of them.
Do Maine Maritime Academy graduates earn more than average?
Median earnings of $89,964 ten years out are above the $54,768 median, higher than 96% of the colleges here.
How hard is it to get into Maine Maritime Academy compared to other colleges?
Its 54.1% acceptance rate is below the 75.7% median, making it more selective than 81% of the colleges in the snapshot.
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