Tuition for Maine residents attending Kennebec Valley Community College decreased by 4.6% in the 2022-23 school year, based on the latest figures, according to the latest disclosure from the National Center for Education Statistics.
Maine residents paid $3,687 to attend the two-year public college this year, a reduction of $178 from the $3,865 charged in the 2021-22 academic year.
Non-resident students faced tuition fees 78.1% higher than those for residents in 2022-23, amounting to $6,567. This represented a 2.6% decrease from the $6,745 tuition in the previous year.
Approximately 99% of the undergraduate student body at the college are residents of Maine.
Data indicates that 95% of full-time undergraduates who enrolled at Kennebec Valley Community College in 2022-23 received some form of financial aid. A total of 223 students were awarded grants or scholarships amounting to $1.3 million, while 33 students obtained loans exceeding $169,673.
Across the entire undergraduate population, 1,051 students benefited from grants or scholarships totaling $5.3 million. Additionally, 316 students secured federal student loans totaling $2.1 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Kennebec Valley Community College in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 136 | 58% | $654,571 | $4,813 |
| State / local grant or scholarship | 220 | 94% | $549,037 | $2,496 |
| Institutional grants or scholarships | 66 | 28% | $72,824 | $1,103 |
| Grant or scholarship aid total | 223 | 95% | $1.3 million | $5,724 |
| Federal student loans | 33 | 14% | $167,373 | $5,072 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 33 | 14% | $169,673 | $5,142 |
| Total student aid | 223 | 95% | $1.4 million | $6,484 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
