Cost of Attendance

Our office will determine a student's cost of education (COA) based on a number of components.

The Cost of Attendance for incoming students that is used by our staff includes not only a student's billed expenses (tuition, fees, room, board, orientation, program support fees, SCTW fees, seaterm, winter experiential learning,seabag), but also includes allowances for books/supplies, uniform upkeep (2nd - 4th year), transportation and personal expenses.  Students are highly encouraged to use our interactive budget worksheet to determine if they can expect a refund.  Once you have completed the interactive budget worksheet, if there is a negative number at the end, this indicates that the student will have excess aid after the bill is paid for these out of pocket expenses. Keep in mind that this excess may come from borrowing federal loans and may not be in the student's best interest.

In addition to the expenses that are outlined here, students may also experience additional expenses during their education at MMA.  Not included in the seabag is a student's Tropical White Dress Uniform (estimated cost $400) usually purchased prior to the Ring Dance during Junior year.  If not purchased Junior year, it must be purchased Senior year.  Some students may be required to purchase some, if not all, of the Tropical White Dress Uniform earlier than Junior Year (based on their involvement in campus activities/groups).  Other uniform related expenses include the cost of pins (max $50) and ribbons (typically $1 a piece).  A student may also periodically need to replace pieces of their uniform at some point during their education.  The Bookstore can provide you with itemized costs for these expenses.

Like on any college campus, students should expect other miscellaneous expenses.  Parking permits for those allowed to have a car on campus are approximated $200. There may be other expenses related to extra-curricular activities in which a student might choose to participate, such as club membership dues. Students should anticipate the need for these types of expenses.

Students may request a one time increase to their cost of attendance for the purchase of a laptop.  Our policy is to allow a one time $1200 increase based on these requests.

The COA is used to determine the maximum amount of financial aid (including outside scholarships and loans) that a student can receive.

Costs and tuition determination can change at any time per order of the MMA Board of Trustees.

Cost of Attendance for Incoming New and Readmitted Students Fall 2020

Using Your Financial Aid

Students will not receive a printed bill in the mail.  All billing is done on-line.  Students will receive an email at their MMA email account when their e-bill is available for viewing on the Self Service Portal.  This usually happens in early July for the fall semester, early November for the winter semester and early January for the spring semester.  Bills not paid by the due date will be assessed a late charge.

 New students are encouraged to visit the Student Finance section of the self service portal to become acquainted with it and to do some preliminary setup.  It is recommended that you add an authorized user (usually a parent/guardian)  to the account so that this person will also receive an email notification when the e-bill is posted.  It is the student’s responsibility to ensure that the bill is reviewed and settled by the due date.

 All anticipated grants and loans that have been finalized will be deducted from each semester bill.  Federal Work Study is the only type of aid that is not deducted from the bill, as this is intended to assist the student with out of pocket expenses (and if the student doesn’t work, s/he does not receive any work study payment).  Families are encouraged to use the ‘Budget Worksheet’ to assist in determining the amount of the bill not covered by financial aid. 

 Disbursement of Aid

All financial aid is disbursed directly to the student’s MMA account.  This is done after the add/drop period of each semester, and after our staff confirms that the student remains eligible for the aid.  Aid is typically disbursed in October for the fall, January for the winter and late March for the spring.  Our office will send email notifications to students when their Federal Stafford Loans are disbursed to their student accounts. If, after your aid is applied to your student account, you have any excess aid, you will receive a refund.  Students are highly encouraged to complete the E-Refund process from the Student Finance link in the Self Service Portal.  This allows us to directly deposit your refund into your bank account.  If you do not enroll in the E-Refund process, you will receive a paper check from MMA.  The paper process can sometimes take up to 3 weeks longer than the E-Refund process. Students with excess aid may use the excess to assist in purchasing books.  If you sign a Title IV Authorization Form, giving MMA permission to hold any excess aid on your student account, any credit will remain on your student account and will not be refunded to you.  You can, however, request a refund at any time during the academic year.  Federal law required that MMA refund all excess aid to a student at the end of each academic year.

Winter Term

Because of the short length of the winter term, many financial aid programs are not available specifically for the winter bill.  All federal and state grants and scholarships as well as all federal loans are divided equally between the fall and spring semesters. Students may leave any excess fall financial aid on their account to be applied toward winter expenses, by signing a Title IV Authorization Form with the Office of Student Financial Services.  All students who will be participating in a winter activity (training cruise, coop, commercial shipping or experiential learning) are encouraged to apply for Winter scholarships in the fall to assist with their expenses associated with the winter term.  Students will receive email notifications when the scholarship application process opens in early/mid September.


Students with excess fall or spring anticipated financial aid can use their excess aid to purchase their books in the campus bookstore.  When purchasing books in the bookstore, the cashier can determine if aid is available with the purchase.  If a student uses excess financial aid for books in the fall, using funds that were meant to cover winter charges, the student may come up short when the winter bill is due.  It is the student's responsibility to determine if any excess aid is intended for the winter semester.