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 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.


Matt

Matt is from a family of four living in northern New Jersey. His sister also attends college. His family's annual household income is $81,500 and his family's additional assets are $265,000. Matt's Family Contribution (from the FAFSA) was $13,000.

Farmington Bill $23,095
Minus Financial Aid - $10,700
Balance Left To Pay $12,395

How Did This Work?
Matt applied for - and received - the following financial assistance:
University Grant $2,200; UMF Presidential Scholarship $3,000; Federal Work-Study $1,500; Stafford Loan $5,500.


Amanda

Amanda is from a family of five living on the North Shore area of Massachusetts. Her sister attends another college. Her family's annual household income is $129,000 and her family's additional assets are $14,000. Amanda's Family Contribution (from the FAFSA) was $16,650.

Farmington Bill $23,095
Minus Financial Aid - $8,650
Balance Left To Pay $14,445

How Did This Work?
Amanda applied for - and received - the following financial assistance:
University Grant $2,150; UMF Presidential Scholarship $3,000; Federal Work-Study $1,400; Stafford Loan $3,500.


Nate

Nate is from a family of six living in southern New Hampshire. His family's annual household income is $45,000 and his family's additional assets are $1,000. Nate's Family Contribution (from the FAFSA) was $1,300.

Farmington Bill $23,095
Minus Financial Aid - $21,331
Balance Left
To Pay
$1,764

How Did This Work?

Nate applied for - and received - the following financial assistance:
Pell Grant $3,381; Federal Supplemental Educational Opportunity Grant $1,500; University Grant $5,700; Federal Academic Competitiveness Grant $750; UMF Presidential Scholarship $3,000; Federal Work-Study $1,500; Federal Perkins Loan $2,500; Stafford Loan $3,500; outside aid $1,000.

 


Jessica

Jessica is from a single parent family of three living in Vermont. Her family's annual household income is $55,000 and her family's additional assets are $22,500. Jessica's Family Contribution (from the FAFSA) was $8,800.

Farmington Bill $23,095
Minus Financial Aid - $16,300
Balance Left To Pay $6,795

How Did This Work?
Jessica applied for - and received - the following financial assistance:
University Grant $4,800; UMF Presidential Scholarship $3,000; Federal Work-Study $1,500; State of Vermont Grant $500; Perkins Loan $2,500; Stafford Loan $5,500.


Kristen

Kristen is from a family of four living in northern New Hampshire. Her brother also attends Farmington. She is majoring in Special Education at Farmington, which qualifies her to receive the discounted New England Regional Program tuition rate*. Her family's annual household income is $26,000 and her family's additional assets are $0. Kristen's Family Contribution (from the FAFSA) was $650.

Farmington Bill $19,012*
Minus Financial Aid - $18,431
Balance Left To Pay $581

How Did This Work?
Kristen applied for - and received - the following financial assistance:
Pell Grant $4,081; Federal Supplemental Educational Opportunity Grant $1,500; University Grant $3,100; Academic Competitiveness Grant $750; Stafford Loan $5,500; outside aid $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 (Special Education) her Farmington Bill was just $19,012. 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.

Please note: For each example the Farmington Bill includes: tuition, mandatory fees, room & board. The figure used to determine financial aid, however, is $25,263, 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 unsubsidized Stafford Loan. Federal Work-Study does not go toward the Farmington Bill.