Financial Aid at MCAD
Financial Aid Amount Received
$24,195 (55.21% of tuition)
Percent of Financial Aid Received
99% of 702 students
665 undergraduate students (99% of all students) have received grants, scholarships, and/or federal student loans at Minneapolis College of Art and Design. The percentage of students who received financial aid much higher compared to Private (not-for-profit), 4-Years Colleges in Minnesota.
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $24,195 and the average loan amount is $5,541. The average financial aid amount is 55.21% of tuition & fees (tuition & fees: $43,824).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 665 | 99% | $16,089,867 | $24,195 |
| Pell Grants | 266 | 39% | $1,252,230 | $4,708 |
| Federal Students Loans | 597 | 88% | $3,308,012 | $5,541 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 163 students have received one or more types of financial aid at Minneapolis College of Art and Design.
The average amount of federal, state, local or institutional grant aid is $26,025 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,820.
The following table shows the financial data by type of aid at Minneapolis College of Art and Design.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 163 | 100% | - | - |
| Grant or scholarship aid | 163 | 100% | $4,242,087 | $26,025 |
| Federal Grants | 71 | 44% | $326,867 | $4,604 |
| Pell Grants | 71 | 44% | $312,542 | $4,402 |
| Other Federal Grants | 7 | 4% | $14,325 | $2,046 |
| State/Local Grants | 55 | 34% | $326,578 | $5,938 |
| Institutional Grants | 163 | 100% | $3,588,642 | $22,016 |
| Student Loans | 155 | 95% | $1,212,043 | $7,820 |
| Federal Student Loans | 155 | 95% | $795,990 | $5,135 |
| Other Student Loans | 25 | 15% | $416,053 | $16,642 |