Finance & Accounting at the University of Maine at Fort Kent
University of Maine at Fort Kent appears in our ranking of the Top 50 Best Associates in Accounting Online.
The University of Maine at Fort Kent offers its students two options for studying finance and accounting through its Bachelor of Science in Business Management with a concentration in accounting or finance. The bachelor’s degree programs require that students complete at least 120 credits toward the overall degree, as well as 45 credits in upper-division courses.
Students must maintain a 2.0 on a 4.0 for all core and concentration classes, and the overall required GPA should be a C or better. The programs are accredited by the International Assembly for Collegiate Business Education (IACBE), and the university bases its student outcomes on the guidelines of the IACBE.
Student outcomes include exiting the program as a liberally-educated citizen and encouraging the student to engage in life-long learning. Students who earn their degrees should also be able to act as a proficient business manager and have the ability to develop entrepreneurial skills. Student outcomes are assessed annually by the university, which allows it to maintain accreditation.
Program requirements include 64 to 70 credits in business classes like Intro to Macroeconomics, Advanced Excel, Corporate Finance, and Business Policy & Strategic Planning. Students must also complete Principles of Business Management, Accounting Principles I, and Business Law I. There are also some support courses in areas like statistics, healthcare policy, and math that are required for students to earn their degrees.
For the specializations in accounting and finance, students must complete a total of 18 credits in each area. For the accounting concentration, students will need to take Intermediate Accounting I, Intermediate Accounting II, Federal Taxation I, and Federal Taxation II. The accounting program also requires the classes of Accounting Information Systems, Auditing and Forensic Accounting, and Managerial Accounting.
For students who pursue the finance concentration, required credits include Principles of Corporate Finance I, Principles of Corporate Finance II, and Federal Taxation I. Enrollees will also take Federal Taxation II, Managerial Accounting, and a handful of advanced business courses. Business credits include Principles of Investment Management and International Trade & Finance.
About the University of Maine at Fort Kent
The University of Maine at Fort Kent was established in 1878 and is located in the Saint John Valley region. The university is known as a place where students can study French-American culture, and many French-speaking students attend the institution. Around 1,550 students are enrolled, and most of those students are bilingual in French and English. The school’s official colors are green and gold, and the mascot is a Bengal tiger.
Academic programs are available at the associate and bachelor’s levels. The school is officially classified as a Baccalaureate College – General by the Carnegie Classification of Institutions of Higher Education. When it first opened, the university was meant to operate as a college for future teachers in the northern area of Maine with the expectation that French settlers in the region would adopt English.
The University of Maine at Fort Kent Accreditation Details
The University of Maine at Fort Kent has earned institutional accreditation from the New England Commission of Higher Education (NECHE). The university participates in reaccreditation cycles every ten years. Institutional accreditation allows students to transfer their credits to and from the university, as well as take out student loans and receive grants through the federal government’s student aid program.
A few programs at the University of Maine at Fort Kent are accredited by programmatically-focused organizations. For example, the Maine State Board of Nursing has approved the program in nursing. Further, the program is accredited by the Commission on Collegiate Nursing Education. Another accreditation comes from the Society of American Foresters, which has approved the Applied Forest Management Program. The university’s business programs are accredited by the International Assembly for Collegiate Business Education.
The University of Maine at Fort Kent Application Requirements
Future students who want to apply to the University of Maine at Fort Kent must possess a high school diploma from an accredited secondary school and have a minimum grade point average of 2.0 on a 4.0 scale. Students may also apply if they’ve earned a GED with an equivalent grade. To apply, students can use the Common Application, the ApplyMaine application, or the printable application that may be downloaded from the university’s website.
Students must complete several college preparatory classes in areas like science, math, foreign language, and English and must earn a 2.0 on a 4.0 scale for these required classes. The university will also consider letters of recommendation during the application process, as well as life experience when making an admission decision. Transfer, accelerated, and international students should pay attention to the university’s additional application requirements.
Tuition and Financial Aid
Tuition for in-state students at the University of Maine at Fort Kent is $7,170, and tuition for out-of-state students is $11,460. Students who elect to enroll in part-time tuition will pay $239 per credit if they’re from Maine or $382 per credit if they’re from outside the state. Fees add another $1,125 to the total, and the university estimates that books and supplies will cost $1,000 each year.
The university offers a place in a residence hall to students who apply that costs $4,460 per year, as well as a meal plan that offers 14 meals each week that cost $3,900 per year. Overall, the university expects in-state students who live on campus to pay $17,655 per year and out-of-state students who live on campus to pay $21,945 per year. Students may choose to live off-campus, as well as choose a different meal plan.
Students will work with the Financial Aid Center to apply for student loans, grants, and scholarships to help pay for costs at the University of Maine at Fort Kent. All students should submit a Free Application for Federal Student Aid (FAFSA) at the same time or in advance of when they apply to the university.
The university will send students information on what financial aid options have been awarded after the FAFSA submission process is complete. Students may receive loans through the federal government, as well as grants, or they may obtain grants from the state or the university. Students need to submit additional applications if they want to qualify for institutional scholarships from the University of Maine at Fort Kent.
