University of Maine – Machias ranks among Maine’s least affordable public colleges for in-state students in 2024

Tuition and fees for in-state students at the University of Maine – Machias amounted to $10,050 in 2024, according to the latest disclosure from the National Center for Education Statistics.

This places the university as the fifth most expensive public institution in Maine for 2024.

In-state tuition and fees increased by $630 compared to the previous year.

Out-of-state students paid $18,540 in 2024, marking an increase of $870 from the prior year.

In the 2023-24 school year, graduate and undergraduate students received more than $256 billion in financial aid.

The average cost of college has more than doubled in the 21st century, growing by approximately 4% every year. In-state students can expect to spend nearly $10,000 on tuition alone per year at a public, 4-year post-secondary school. Meanwhile, out-of-state tuition averages $28,386.

Student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging nearly $29,000 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.

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