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 2013 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.

Note: The case studies below are based on Farmington's 2009-2010 expenses of $16,228 per year.


Sarah

Sarah is from a family of four living in Bangor area. Her parents are divorced and she lives with her mother. Sarah is the only one in her family attending college. Her parent's annual household income is $33,000 and her family's additional assets are $200. Sarah's Family Contribution (from the FAFSA) was $1,300.
Farmington Bill $16,228
Minus Financial Aid - $14,450
Balance Left To Pay $1,778

How Did This Work?
Sarah applied for - and received - the following financial assistance:
Pell Grant $4,000; Maine State Grant $1,000; Academic Competitiveness Grant $750; Federal Supplemental Educational Opportunity Grant $200; Federal Work-Study $1,600; Perkins Loan $2,000; Stafford Loan $5,500; outside aid $1,000.


Josh

Josh is from a family of four living in southern Maine. His sister also attends college. His family's annual household income is $55,000 and his family's additional assets are $500. Josh's Family Contribution (from the FAFSA) was $3,600.
Farmington Bill $16,228
Minus Financial Aid - $13,500
Balance Left To Pay $2,728

How Did This Work?
Josh applied for - and received - the following financial assistance:
Pell Grant $1,700; Maine State Grant $1,000; Academic Competitiveness Grant $750; Federal Supplemental Educational Opportunity Grant $1,500; Federal Work-Study $1,600; Stafford Loan $5,500; University Grant $550; outside aid $2,500.


Emily

Emily is from a family of three living in central Maine. Her family's annual household income is $60,000 and her family's additional assets are $1,000. Emily's Family Contribution (from the FAFSA) was $6,300.
Farmington Bill $16,228
Minus Financial Aid - $10,800
Balance Left To Pay $5,428

How Did This Work?
Emily applied for - and received - the following financial assistance:
University Grant $4,550; Stafford Loan $5,500; outside aid $750.

Justin

Justin is from a family of three living in western Maine. His parent's annual household income is $72,000 and his family's additional assets are $20,000. Justin's Family Contribution (from the FAFSA) was $10,100.
Farmington Bill $16,228
Minus Financial Aid - $6,700
Balance Left To Pay $9,528

How Did This Work?
Justin applied for - and received - the following financial assistance:
University Grant $2,200; Federal Work-Study $1,200; Stafford Loan $3,500; outside aid $1,000.

*Please note: For each example the Farmington Bill includes: tuition, mandatory fees, room & board. The figure used to determine financial aid, however, is $17,973, which ALSO takes into consideration other expenses such as travel, books, and miscellaneous expenses. A new federal rule allows all students to borrow an additional $2,000 unsubsibdized Stafford Loan. Federal Work-Study does not go toward the Farmington Bill.