© 2024 Maine Public | Registered 501(c)(3) EIN: 22-3171529
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Scroll down to see all available streams.

UMaine System To Spend More Than $6 M In New Grants And Scholarships For Students

The state's university system voted to spend more than $6 million in new grants and scholarships for students  — but also increases tuition by more than 2 percent —as part of a budget plan passed on Monday.

Officials say the increase is part of a larger trend over the past few years, as the university system has shifted more financial aid into grants and scholarships and reduced student loans.

Trevor Hustus is a student trustee to the board.

"This investment allows students, previously not considering college attendance, now actively enrolled in degree programs in our institutions," Hustus says.

The tuition increase follows a similar tuition bump last year. Many students are still leaving school with substantial debt. A report discussed at Monday's board meeting showed that the average debt of a university system graduate in 2016 was more than $28,000. That is slightly higher than the national average for public four-year colleges.