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Highlighting Quality Schools With More Affordable Prices
Today's business students have lots of options to pick from when considering higher education opportunities. With more and more schools offering online options, you could even register for a great program on the other side of the country. On top of that, there are a considerable number of trade schools and bootcamps that offer fast-track entry to many fields.
To help you arm yourself with the information you need to make your decision, Business Degree Central has developed this <nil> ranking.
Our ranking of value is based on the quality of a program as defined in our per sticker price dollar. Specifically, our score for quality is discounted by the published tuition and fees charged by the given college. This gives the cost per unit of quality for each college. The more quality your dollar buys, the better the value.
In our regional and nationwide rankings, out-of-state tution and fees are used in our calculations. For statewide rankings, we use average in-state tuition and fees.
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Top Value Business Schools in Maine
Learn more about these excellent schools below:
Our analysis found Southern Maine Community College to be the best value school for business students in Maine. Southern Maine Community College is a medium-sized public school located in South Portland, Maine that handed out 82 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at SMCC are $6,754 a year. By the time they get their degree, students from this school have racked up an average of $16,187 in student loans. Once they receive their degree, SMCC graduates enter the workforce, making an average salary of $35,919 during the early year of their career.
SMCC also made our list, coming in at #2.
You’ll be in good company if you decide to attend Central Maine Community College. It ranked #2 on our list. Central Maine Community College is a small public school located in Auburn, Maine that handed out 65 degrees in 2020-2021.
Central Maine Technical College undergraduate students pay an average of $6,744 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $17,306 in student loans. Once they receive their degree, Central Maine Technical College graduates enter the workforce, making an average salary of $37,625 during the early year of their career.
You’ll join some of the best and brightest minds around you if you attend Maine Maritime Academy. The school came in at #3 on this year’s list. This very small public school is located in Castine, Maine, and it awarded 31 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Maine Maritime are $29,258 a year. By the time they get their degree, students from this school have racked up an average of $27,438 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $634, assuming you are on a 10-year repayment plan.After graduating from Maine Maritime, students go on to jobs where they make an average of $71,483 during the early years of their career.
Maine Maritime did well in our overall quality rankings, too. It placed #1 on our list.
Out of the 11 schools in Maine that were part of this year’s ranking, University of Maine at Augusta landed the # 4 spot on the list. Located in Augusta, Maine, the small public school awarded 63 diplomas to qualifed students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at UMA are $19,238 a year. By the time they get their degree, students from this school have racked up an average of $28,948 in student loans. During the early years of their career, UMA graduates make an average of $36,249 annually.
Out of the 11 schools in Maine that were part of this year’s ranking, Eastern Maine Community College landed the # 5 spot on the list. Eastern Maine Community College is a public institution located in Bangor, Maine. The school has a small population, and it awarded 57 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Eastern Maine Community College are $6,745 a year. By the time they get their degree, students from this school have racked up an average of $18,881 in student loans. During the early years of their career, Eastern Maine Community College graduates make an average of $40,182 annually.
University of Southern Maine came in at #6 in this year’s edition of the ranking. Located in Portland, Maine, the medium-sized public school handed out 345 degrees in 2020-2021.
University of Southern Maine undergraduate students pay an average of $23,881 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $24,922 in student loans. During the early years of their career, University of Southern Maine graduates make an average of $42,906 annually.
University of Southern Maine not only placed well in our value ranking, but it is also #4 on our list.
University of Maine at Farmington landed the #7 spot in the rankings for the best value business programs. UMaine Farmington is a small public school situated in Farmington, Maine. It awarded 38 degrees in 2020-2021.
UMaine Farmington undergraduate students pay an average of $20,780 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $24,480 in student loans. Once they receive their degree, UMaine Farmington graduates enter the workforce, making an average salary of $32,570 during the early year of their career.
University of Maine came in at #8 in this year’s edition of the ranking. University of Maine is a fairly large public school located in Orono, Maine that handed out 516 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at UMaine are $33,586 a year. By the time they get their degree, students from this school have racked up an average of $24,711 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $153. Once they receive their degree, UMaine graduates enter the workforce, making an average salary of $40,242 during the early year of their career.
Saint Joseph’s College of Maine came in at #9 in this year’s edition of the ranking. Standish, Maine is the setting for this small institution of higher learning. The private not-for-profit school handed out degrees to 89 students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Saint Joseph’s Maine are $39,986 a year. On average, students take out $23,622 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $582, assuming you are on a 10-year repayment plan. During the early years of their career, Saint Joseph’s Maine graduates make an average of $58,620 annually.
Saint Joseph’s Maine not only placed well in our value ranking, but it is also #5 on our list.
Husson University landed the #10 spot in the rankings for the best value business programs. Bangor, Maine is the setting for this small institution of higher learning. The private not-for-profit school handed out degrees to 284 students in 2020-2021.
Husson undergraduate students pay an average of $19,790 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $28,063 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $204. Once they receive their degree, Husson graduates enter the workforce, making an average salary of $48,847 during the early year of their career.
In addition to its best value ranking, and one of the reasons why the school is on the list, Husson is ranked #3 for overall quality in Maine.
Thomas College came in at #11 in this year’s edition of the ranking. Thomas College is a small private not-for-profit school located in Waterville, Maine that handed out 115 degrees in 2020-2021.
Thomas College undergraduate students pay an average of $29,152 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $25,598 in student loans. During the early years of their career, Thomas College graduates make an average of $37,918 annually.
More Maine Rankings
Notes and References
Footnotes
*These averages are for the top 11 schools only.
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
More about our data sources and methodologies.
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