College tuition fees rose 3.5% in Franklin County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Data shows that students paid $12,242 on average to attend the University of Maine at Farmington courses at the time, $414 more than the previous school year.
For comparison, Maine universities charge students an annual average of $19,623 per year.
At the time, a total of $2.2 million in grants or scholarships were awarded to full-time undergraduates who enrolled in the university. Additionally, federal student loans reached $1.1 million.
Currently, there are 1,558 students enrolled in the University of Maine at Farmington.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| University of Maine at Farmington | 253 | $2,243,806 | $8,869 | 167 | $1,110,630 | $6,650 |
