Reference Guide - The Cost of Education
Alumni Ambassador
Reference Guide 2006-2007
Table of Contents
COST OF EDUCATION
What kind of
Financial Aid is provided?
The University of
Maine participates in all Federal Aid programs. The only application
form we require for financial aid is the FAFSA (Free Application for
Federal Student Aid). The Priority Deadline is March 1—we encourage
students to apply by February 15 to ensure that the form is received at
the Federal Processing Center by March 1. The forms are available at
your local high school guidance offices, however we encourage students
and their families to submit the on-line application found at
http://www.fafsa.ed.gov/
Nearly every school
in the nation requires the FAFSA to be eligible for federal and state
financial aid. It must be filled out every year the student is in
school. The information requested is taken from the parent and student
tax documents from the previous year. This info is plugged into a
formula and is used to project what the family can contribute (Expected
Family Contribution) to the Cost of Education. This is done so the
families with the greatest amount of need will receive the most aid.
This is a simple way
to view the formula: COE-EFC=Need
Cost of Education
(COE) (Tuition & Fees, Room & Board, Books & Supplies, Etc.)
-Expected
Family Contribution(EFC)
=Financial Need
The window of
opportunity for completing the FAFSA is January 1-February 15 (cannot be
filed before January 1—February 15 is suggested to ensure that it is
received at the Federal Processing Center by March 1).
Students completing
the FAFSA and submitting it to the Federal Processing Center after
UMaine's March 1 priority date and students who are accepted late in the
admission process may be at a disadvantage for student aid.
Certain types of aid
are contingent on the March 1 deadline—which means even if the student
has the 'need' for more aid, they may not have the eligibility.
How much does it
cost to go to UMaine?
It is approximately
$14,500 for Tuition & Fees and Room & Board for an in-state student for
the year. It is approximately $25,500 per year for an out-of-state
student.
|
Cost of Education 2006-2007 |
| |
In-State
|
Out-of-State |
NEBHE/Canadian |
|
Tuition & Fees |
$7,464 |
$18,414 |
$10,464 |
|
Room & Board |
$7,124 |
$7,124 |
$7,124 |
|
Subtotal |
$14,588 |
$25,538 |
$17,588 |
| |
|
|
|
|
Indirect Costs |
|
|
|
|
Books/Supplies |
$700 |
$700 |
$700 |
|
Travel/Misc. |
$1,850 |
$1,850 |
$1,850 |
|
Total |
$17,138 |
$28,088 |
$20,138 |
What is the NEBHE
program?
NEBHE stands for New
England Board of Higher Education. There is an agreement among the
Public Universities in New England in regards to available majors. If
the student's 'home' state public universities and colleges do not have
a major that is offered at another New England public state university,
the student may be able to attend that institution at a discounted
tuition rate. At UMaine the NEBHE rate is 50% above the in-state tuition
rate for specifically approved majors. Refer to the Fact Sheet for a
list of NEBHE majors at UMaine.
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