Real Examples — Maine Students

Real Examples of First-Year Student Aid Packages Below are some sample financial aid awards received by first-year students in the University of Maine at Farmington class of 2011 who are Maine residents. We hope the examples will help you better understand the types of packages that are typically awarded.

The case studies below (composites based on real Farmington students) are intended for informational purposes only. The actual cost is dependent on your specific situation.


Katie

Katie is from a family of two living in central Maine. Her parents are divorced and she lives with her mother. Katie is the only one in her family attending college. Her mother's annual household income is $30,000 and her family's additional assets are $0. Katie's Family Contribution (from the FAFSA) was $1,450.
Farmington Bill $14,064
Minus Financial Aid - $13,010
Balance Left To Pay $1,054

How Did This Work?
Katie applied for - and received - the following financial assistance:
Pell Grant $2,860; Maine State Grant $1,200; Academic Competitiveness Grant $750; Federal Supplemental Educational Opportunity Grant $700; Federal Work-Study $1,500; Perkins Loan $2,000; Stafford Loan $3,500; outside scholarships $2,000.


Josh

Josh is from a family of four living in the Portland area. His sister also attends Farmington. His family's annual household income is $58,500 and his family's additional assets are $10,000. Josh's Family Contribution (from the FAFSA) was $2,500.
Farmington Bill $14,064
Minus Financial Aid - $14,010
Balance Left To Pay $54

How Did This Work?
Josh applied for - and received - the following financial assistance:
Pell Grant $1,760; Maine State Grant $1,200; Academic Competitiveness Grant $750; Federal Supplemental Educational Opportunity Grant $1,500; University Grant $300; Perkins Loan $2,000; Stafford Loan $3,500; outside scholarships $3,000


Amanda

Amanda is from a family of five living in the Bangor area. Her brother attends another college. Her family's annual household income is $48,300 and her family's additional assets are $0. Amanda's Family Contribution (from the FAFSA) was $6,200.
Farmington Bill $14,064
Minus Financial Aid - $7,500
Balance Left To Pay $6,564

How Did This Work?
Amanda applied for - and received - the following financial assistance:
University Grant $2,100; Maine State Grant $1,200; Federal Work-Study $1,500; Perkins Loan $700; Stafford Loan $3,500.

Justin

Justin is from a family of four living in the Midcoast area. His sister also attends Farmington. His family's annual household income is $40,200 and his family's additional assets are $178,000. Josh's Family Contribution (from the FAFSA) was $8,650.
Farmington Bill $14,064
Minus Financial Aid - $7,350
Balance Left To Pay $6,714

How Did This Work?
Justin applied for - and received - the following financial assistance:
University Grant $1,850; Federal Work-Study $700; Perkins Loan $500; Stafford Loan $3,500, outside scholarships $1,500.

*Please note: For each example the Farmington Bill includes: tuition, mandatory fees, room & board. The figure used to determine financial aid, however, is $16,763, which ALSO takes into consideration other expenses such as travel, books, and miscellaneous expenses. Federal Work-Study does not go toward the Farmington Bill.