Maine has 14 private and 7 public 4-year colleges that enroll 7,581 first-year students yearly. The average tuition of public colleges is $23,905 for in-state students and $35,533 for out-of-state and international students.

Private colleges in Maine charge around $52,804 per year in tuition regardless of residency.

In the 2021-2022 academic year, Maine provided $3 million in financial aid to 1,964 students who enrolled in 4-year colleges for the first time as undergraduates. In addition, the colleges themselves awarded $86.5 million in grants and scholarships to 5,984 students.

Maine receives less than 1% of the total pell grant the federal government allocates. In the 2021-2022 academic year, 2,485 4-year college first-year undergraduates were awarded a total amount of $11.3 million in pell grant ($4,436 per student on average), and 4,175 students received a total amount of $21.9 million in the form of student loans from the federal government ($5,533 per student on average).