Average Annual Tuition at Massachusetts Maritime Academy
The latest data we have for Massachusetts Maritime Academy's annual average net costs are from 2018. These costs and and the average Massachusetts schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|Massachusetts Maritime Academy||$9,728||$26,106||$26,000||$20,294|
As you can see, annual costs at Massachusetts Maritime Academy have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Massachusetts as well. Massachusetts's' higher education costs rose by 38% in just the last 10 years, ranking as the 24th highest state.
Massachusetts Maritime Academy Financial Assistance
75% of students enrolled at Massachusetts Maritime Academy receive some form of Federal loan assistance. You can view Massachusetts Maritime Academy's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Massachusetts has two programs available: the U.Fund College Investing Plan, a direct-sold 529 college savings plan managed by Fidelity Investments using Fidelity mutual funds, and the U.Plan Prepaid Tuition Program, offered by MEFA.
|State Plan Name:||Massachusetts U.Fund College Investing Plan|
|Maximum Contribution:||up to $375,000 per beneficiary across accounts|
|Fees:||No enrollment or account maintenance fees; 0.09% to 0.35% program management fees, depending on portfolio options.|
Massachusetts School Statistics
We've analyzed all other higher education schools in MA, and wrapped it up nicely into a report for you. View our MA analysis report.
There are 14 other accredited public schools located in the state of Massachusetts. You can view all MA schools here.