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Massachusetts Maritime Academy - Loan Debt Financial Aid - Loan Debt

Approximately 79% of MMA Graduates in the class of 2015 used federal and private loans to help meet their college expenses. Students from the class of 2015 borrowed, on average $23,400 in Federal Direct Stafford Loans (Subsidized and Unsubsidized). Combined with private, non-federal education loans, the total average loan debt for the class of 2015 was $36,285. This loan debt includes all loans with the exception of the Federal Parent PLUS Loan, as this is a loan strictly in the parent's name. Students are encouraged to borrow through the Federal Direct Stafford Loan Program before seeking additional funding through any private, non-federal education loan program.

 

You can calculate your monthly loan payments by using the Federal Student  Aid Loan Repayment Calculator.

last updated 7-9-2015 by ckedski@maritime.edu