Best Value Colleges in Maine

Famous for lobster, rolling hills, Stephen King, thick forests and an even thicker Down East accent, Maine is the northernmost state in New England and home to a host of great colleges.

If you are looking for the best value college in Maine, PayScale's College ROI Report can help you evaluate schools based on their financial return on investment.  Read More

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1Colby College(Private)
20 Year Net ROI$471,000
Total 4 Year Cost$233,000
Grad Rate90%
Time to Graduate4 Years
Loan Amt$30,600
2University of Maine at Orono(In-State)
20 Year Net ROI$331,000
Total 4 Year Cost$93,000
Grad Rate60%
Time to Graduate4 Years
Loan Amt$32,900
3Husson University(Private)
20 Year Net ROI$298,000
Total 4 Year Cost$104,000
Grad Rate42%
Time to Graduate5 Years
Loan Amt$28,700
4Saint Joseph's College of Maine(Private)
20 Year Net ROI$265,000
Total 4 Year Cost$179,000
Grad Rate63%
Time to Graduate4 Years
Loan Amt$38,700
5University of Maine at Orono(Out-of-State)
20 Year Net ROI$263,000
Total 4 Year Cost$161,000
Grad Rate60%
Time to Graduate4 Years
Loan Amt$32,900
6University of New England (UNE)(Private)
20 Year Net ROI$258,000
Total 4 Year Cost$196,000
Grad Rate57%
Time to Graduate4 Years
Loan Amt$47,500
7University of Maine at Farmington (UMF)(In-State)
20 Year Net ROI$190,000
Total 4 Year Cost$84,400
Grad Rate54%
Time to Graduate4 Years
Loan Amt$27,900
8University of Southern Maine (USM)(In-State)
20 Year Net ROI$180,000
Total 4 Year Cost$93,800
Grad Rate32%
Time to Graduate5 Years
Loan Amt$28,400
9University of Maine at Farmington (UMF)(Out-of-State)
20 Year Net ROI$153,000
Total 4 Year Cost$121,000
Grad Rate54%
Time to Graduate4 Years
Loan Amt$27,900
10University of Southern Maine (USM)(Out-of-State)
20 Year Net ROI$134,000
Total 4 Year Cost$140,000
Grad Rate32%
Time to Graduate5 Years
Loan Amt$28,400

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

To do this, we calculate the net 20-year ROI and use it to compare colleges in our Maine College ROI Report rankings.

We arrived at the net 20-year ROI or return on investment by determining how much high school graduates typically earn in a 20-year period after graduation. We took the responses from alumni from each college who took the PayScale Salary Survey to determine their median 20-year earnings. We subtracted tuition and other educational costs, and then arrived at the net 20-year ROI for each school.

This list will help you determine which school offers the better return on college education in Maine. Since we only include colleges for which we have a statistically significant data set, our list of the best value colleges in Maine only contains eight schools and is therefore pretty straightforward. In first place is private Colby College, for which students pay $233,000 for an education. The "White Mules" of Colby receive a net 20-year ROI of $471,000 without financial aid, however, which balloons to $617,000 with financial assistance.

The second best performing school is the University of Maine at Orono. In-state students who live on campus pay $93,000 to attend this school. Those who graduate enjoy a net 20-year ROI of $331,000. If they receive financial aid, the net 20-year ROI increases to $365,000. Quite a few notable people graduated from the University of Maine, including authors Stephen King and Tabitha King. This illustrious list also includes U.S. Senator Olympia Snowe and former football player Mike Flynn. The University of Maine participates in hockey and has several graduates who played professionally, including Jack Capuano, Mike Dunham and Gustav Nyquist.

PayScale's Maine College ROI Report makes it easy to think about education in terms of college return on investment. The value of education can't only be measured in dollars, but by thinking about the financial implications of the cost of attending college, you can choose a school that makes sense for you.