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 2012 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.


Sarah

Sarah is from a family of two living in central Maine. Her parents are divorced and she lives with her mother. Sarah is the only one in her family attending college. Her mother's annual household income is $32,000 and her family's additional assets are $600. Sarah's Family Contribution (from the FAFSA) was $1,500.
Farmington Bill $15,364
Minus Financial Aid - $13,831
Balance Left To Pay $1,533

How Did This Work?
Sarah applied for - and received - the following financial assistance:
Pell Grant $3,181; Maine State Grant $1,200; Academic Competitiveness Grant $750; Federal Supplemental Educational Opportunity Grant $200; Federal Work-Study $1,500; Perkins Loan $2,000; Stafford Loan $5,500; outside aid $1,000.


Josh

Josh is from a family of four living in the mid-coast area. His sister also attends college. His family's annual household income is $60,200 and his family's additional assets are $10,000. Josh's Family Contribution (from the FAFSA) was $3,000.
Farmington Bill $15,364
Minus Financial Aid - $13,781
Balance Left To Pay $1,583

How Did This Work?
Josh applied for - and received - the following financial assistance:
Pell Grant $1,781; Maine State Grant $1,200; Academic Competitiveness Grant $750; Federal Supplemental Educational Opportunity Grant $1,050; Federal Work-Study $1,500; Stafford Loan $5,500; outside aid $3,500


Emily

Emily is from a family of four living in the Bangor area. Her family's annual household income is $68,000 and her family's additional assets are $3,500. Emily's Family Contribution (from the FAFSA) was $6,100.
Farmington Bill $15,364
Minus Financial Aid - $10,400
Balance Left To Pay $4,964

How Did This Work?
Emily applied for - and received - the following financial assistance:
University Grant $2,900; Maine State Grant $1,200; Federal Work-Study $1,500; Stafford Loan $5,500; outside aid $800.

Justin

Justin is from a family of four living in western Maine. His parent's annual household income is $76,000 and his family's additional assets are $30,000. Josh's Family Contribution (from the FAFSA) was $10,200.
Farmington Bill $15,364
Minus Financial Aid - $5,850
Balance Left To Pay $9,514

How Did This Work?
Justin applied for - and received - the following financial assistance:
University Grant $1,600; Federal Work-Study $1,050; Stafford Loan $3,500, outside aid $750.

*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.