United States Merchant Marine Academy

United States Merchant Marine Academy Financial Aid

Students who are applying for financial aid at United States Merchant Marine Academy need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.

The FAFSA code for United States Merchant Marine Academy is 002892.

If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.

Using State Grants at USMMA

If you are a New York State resident considering USMMA, be sure to investigate the TAP program. If you are attending a qualifying program and meet financial need requirements, you may receive thousands of dollars per year to put towards your education. Additionally, if you apply to a CUNY or SUNY school, you could be eligible for the Excelsior Scholarship, which would make your education tuition-free.

Pell Grants at United States Merchant Marine Academy

10% of students at United States Merchant Marine Academy receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to United States Merchant Marine Academy.

You can learn more about Pell Grant eligibility here.

Outside Scholarships

USMMA students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:

• Top scholarships for high school seniors
• Top scholarships for college students
• Scholarship database

Is USMMA test-optional?

United States Merchant Marine Academyrequires students to submit either an SAT or ACT score. We can help you decide which of these tests to focus on, and if you are not happy with your current score, there are ways to improve both your SAT and ACT scores.

What is the application deadline at USMMA?

Students must apply by February 1 to enroll at USMMA during the fall semester. Remember that college applications involve many pieces, including essays, a transcript, letters of recommendation, and more. Be sure to start your application as soon as you can to make sure you have enough time to make it as compelling as possible.

What is the graduation rate at United States Merchant Marine Academy?

77% of students who start at United States Merchant Marine Academy end up finishing their degree within six years of enrolling. This is 19% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.

How much do graduates of United States Merchant Marine Academy go on to earn?

10 years after starting school at United States Merchant Marine Academy, the median earnings among students who received federal financial aid was $90,610. This is $40,219 more than the national median.

Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.

How much do students at USMMA take out in loans?

Graduates of USMMA have to take out a median of $8,833 in federal student loans. This is $4,667 less than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.