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 out-of-state (non-Maine) residents. We hope these 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.


Kristen

Kristen is from a family of five living in the North Shore area in Massachusetts. Her sister and brother also attend college. She is a Creative Writing major at Farmington, which qualifies her to receive the discounted New England Regional Program tuition rate*. Her family's annual household income is $44,000 and her family's additional assets are $2,000. Kristen's Family Contribution (from the FAFSA) was $1,200.

Farmington Bill $17,584*
Minus Financial Aid - $14,910
Balance Left To Pay $2,674

How Did This Work?

Kristen applied for - and received - the following financial assistance: Pell Grant $3,160; Federal Supplemental Educational Opportunity Grant $1,500; University Grant $3,500; Federal Academic Competitiveness Grant $750; Federal Work-Study $1,500; Federal Perkins Loan $2,500; Stafford Loan $3,500.

*Note: Through the New England Regional Program, students from other New England states and Canada can apply for certain academic programs at Farmington and pay reduced tuition. (The academic programs that qualify for this vary by state.) Because Kristen is enrolled at Farmington in a qualifying academic program for her state (Creative Writing) her Farmington Bill was just $17,584. That's a tuition break more than $4,000, right off the top. For details and qualifying programs, see the New England Regional Program link.


Nate

Nate is from a family of four living in southern New Hampshire. His brother also attends Farmington. His family's annual household income is $33,150 and his family's additional assets are $2,000. Nate's Family Contribution (from the FAFSA) was $650.

Farmington Bill $21,744
Minus Financial Aid - $19,610
Balance Left To Pay $2,134

How Did This Work?
Nate applied for - and received - the following financial assistance:
Pell Grant $3,660; Federal Supplemental Educational Opportunity Grant $1,500; University Grant $5,700; Academic Competitiveness Grant $750; UMF Presidential Scholarship $2,000; Federal Work-Study $1,500; Perkins Loan $2,500; Stafford Loan $3,500.


Megan

Megan is from a family of four living in the northern New Jersey area. Her sister is attending another college. Her family's annual household income is $92,000 and her family's additional assets are $15,000. Megan's Family Contribution (from the FAFSA) was $8,750.

Farmington Bill $21,744
Minus Financial Aid - $16,500
Balance Left To Pay $5,244

How Did This Work?
Megan applied for - and received - the following financial assistance:
University Grant $6,000; UMF Presidential Scholarship $2,000; UMF Academic Recognition Scholarship $2,500; Federal Work-Study $1,500; Perkins Loan $2,500; Subsidized Stafford Loan $563; Unsubsidized Stafford Loan $2,937.


Jon

Jon is from a family of five living outside of the Woonsocket area of Rhode Island. His sister also attends Farmington. His family's annual household income is $115,000 and his family's additional assets are $2,000. Jon's Family Contribution (from the FAFSA) was $11,200.

Farmington Bill $21,744
Minus Financial Aid - $11,550
Balance Left To Pay $10,194

How Did This Work?
Jon applied for - and received - the following financial assistance:
University Grant $4,550; UMF Presidential Scholarship $2,000; Federal Work-Study $1,500; Perkins Loan $1,500; Subsidized Stafford Loan $3,063; Unsubsidized Stafford Loan $537.


Nicole

Nicole is from a family of four living in the Hartford, Connecticut area. Her sister attends another college. Her family's annual household income is $90,000 and her family's additional assets are $30,000. Nicole's Family Contribution (from the FAFSA) was $16,550.

Farmington Bill $21,744
Minus Financial Aid - $10,250
Balance Left To Pay $11,494

How Did This Work?
Nicole applied for - and received - the following financial assistance:
University Grant $1,350; UMF Presidential Scholarship $2,000; UMF Academic Recognition Scholarship $2,500; Perkins Loan $900; Subsidized Stafford Loan $513; Unsubsidized Stafford Loan $2,987.

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.