Cost of college increased for all University of Maine at Presque Isle students in 2022-23 school year

Dr. Raymond J. Rice, President - University of Maine at Presque Isle
Dr. Raymond J. Rice, President - University of Maine at Presque Isle
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Tuition for in-state students at the University of Maine at Presque Isle rose by 3% during the 2022-23 academic year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.

Maine residents paid $8,750 to attend the public four-year university this year, an increase of $112 from the $8,638 charged in the 2021-22 academic year.

Non-resident students faced tuition fees 50.4% higher than those for residents, amounting to $13,160 in 2022-23. This marks a 0.9% increase from $13,048 the previous year.

Approximately 75% of the undergraduate student body are Maine residents, while about 18% come from other states and 6% are international students.

Data indicates that 93% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. In total, 108 students were awarded grants or scholarships amounting to $854,620, and 63 students borrowed more than $331,289 in student loans.

Across all undergraduate students, 686 utilized grants or scholarships totaling $5.2 million, while 462 students took out federal student loans exceeding $2.2 million.

Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.

According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.

Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the the University of Maine at Presque Isle in the 2022-23 school year.

Type of Aid Number of students awarded aid Percent awarded aid Total amount of aid awarded Average amount of aid per student
Federal grants 74 61% $403,596 $5,454
State / local grant or scholarship 59 49% $142,687 $2,418
Institutional grants or scholarships 92 76% $308,337 $3,351
Grant or scholarship aid total 108 89% $854,620 $7,913
Federal student loans 61 50% $259,573 $4,255
Other student loans 7 6% $71,716 $10,245
Student loan aid 63 52% $331,289 $5,259
Total student aid 112 93% $1.2 million $10,588

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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