University of Maine at Augusta

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Financial Aid

Welcome!

The UMA Financial Aid Office administers federal, state and university aid programs to assist eligible students finance their UMA education.   We look forward to assisting you!

No student should fail to apply for college because she or he cannot afford a college education. The UMA Financial Aid Office administers many programs; therefore, a student and their family should not assume that a college education is beyond their reach due to financial concerns. When a family’s financial resources are determined to be insufficient to meet educational expenses, grants, loans, or employment can usually be made available. If funds are not available from the University, the UMA Financial Aid Office can refer students to other potential sources of aid.

The principle of financial aid programs is that the student and his/her family are expected to contribute, when able, to meet college costs; therefore, it is important to remember that financial aid is intended to supplement, not supplant, a student and his/her family’s resources.   Since the federal government provides the majority of funds the University allocates to its students, family resources are assessed in accordance with formula as required by the U.S. Department of Education.   The Free Application for Federal Student Aid (FAFSA) is used to collect income and asset information in order to establish eligibility for a variety of aid programs.  UMA’s financial aid award year begins with the summer semester. If attending the summer term, you will need to complete a FAFSA for the upcoming school year.

Financial Aid funds, including loans, are awarded to students under the assumption that the student will attend school for the entire period for which the assistance is awarded.   The funds may include a combination of grants, scholarships, work-study and loans based on specific program criteria and student eligibility.

UMA’s Title IV School Code is 006760

SALT- Provided by American Student Assistance (ASA)

What is SALT? SALT is a program created by the non-profit organization American Student Assistance (ASA). SALT helps students develop a financial literacy plan that some students may not have when they begin borrowing money for college. SALT teaches students the importance of saving, paying student loan interest while still attending school, and how to be a responsible consumer without acquiring too much debt. Through participation in SALT, students learn how to budget and manage their finances. ASA will have access to the student’s loan data, so once registered, a student can seek answers and advice regarding budgeting, taking out new loans, or upon graduation, loan consolidation. SALT uses many different channels to educate, empower and engage the members. Some things this program includes:

  • Proactive communication, education, and one-on-one counseling from student loan experts.
  • A personalized dashboard at SALTMONEY.ORG where members can track all their federal and private loans in one place and compare payment options.
  • Self-service tools, calculators and educational content on the web.
  • Advocacy and assistance with resolving complex student loan related problems.
  • Benefits and incentives relevant to wither the higher education experience or to the financial needs students face having completed their program of study, like assistance with searching for jobs/internships and scholarships.

SALT is offered at no charge to UMA students and alumni.

For more information please visit https://www.saltmoney.org/index.html  or contact SALT Member Support toll-free at 1-855-469-2724.

Net Price Calculator

The Net Price Calculator is designed to help you estimate your financial aid options for The University of Maine at Augusta. PLEASE NOTE:  This calculator is currently designed for First-Year, Full-Time students only.  The results displayed will not be an accurate estimate if you are planning to attend part-time or are a Transfer student.

Contact Us!

Normal office hours are: Monday through Friday, 8 a.m. to 5 p.m. EST

Visit us!

On the Web: Find the latest student-specific information at MaineStreet.

In Person: Student Financial Services is located in the Randall Center on the Augusta campus.

Call us!

We can be reached at: (207) 621-3185 or in-state toll-free 1-877-862-1234.

E-mail us!

Our e-mail address is:  UMAFA@MAINE.EDU

University of Maine at Augusta