| Screen last updated on: December 2016 |
The financial aid information below is valid for the 2015 academic year.
|
| Financial aid officer: |
Laura Link,
Director of Financial Aid |
| Contacting the office: |
612 874-3782
800 874-6223, extension 2 (toll free)
612 874-3701 (fax)
financialaid@mcad.edu |
| FAFSA number: |
002365 |
|
| Undergraduate tuition: |
$36,098; $36,098 out-of-state |
| Additional required fees: |
$450 |
| Book fees: |
$2,874 |
| Miscellaneous expenses: |
$1,500 |
| Other expenses: |
Required personal laptop computer. |
|
| Required form |
Priority date |
Rolling? |
Closing date |
| FAFSA | March 1 | no | July 1 |
| Noncustodial (Divorced/Separated) Parent's Statement | April 1 | no | N/A |
| Business/Farm Supplement | April 1 | no | N/A |
|
| Date award notification begins: |
March 1 |
| Applied for financial aid: |
 | |
| 96% | of first-year students |
| 88% | of full-time undergraduates |
| 55% | of part-time undergraduates |
|
| Determined to have financial need: |
| |
| 87% | of first-year students |
| 90% | of full-time undergraduates |
| 82% | of part-time undergraduates |
|
| Students determined to have financial need who received any financial aid: |
| |
| 100% | of first-year students |
| 100% | of full-time undergraduates |
| 78% | of part-time undergraduates |
|
| Students determined to have financial need who received any need-based gift aid: |
| |
| 100% | of first-year students |
| 99% | of full-time undergraduates |
| 86% | of part-time undergraduates |
|
| Students receiving financial aid who received need-based self-help aid: |
| |
| 85% | of first-year students |
| 91% | of full-time undergraduates |
| 100% | of part-time undergraduates |
|
| Students receiving financial aid who received any non-need-based gift aid: |
| |
| 14% | of first-year students |
| 8% | of full-time undergraduates |
|
| Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans): |
| |
| 16% | of first-year students |
| 10% | of full-time undergraduates |
|
| Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans): |
| |
| 68% | for first-year students |
| 66% | for full-time undergraduates |
| 28% | for part-time undergraduates |
|
| Average financial aid package (excluding PLUS loans and private alternative loans): |
| |
| $23,797 | for first-year students |
| $22,087 | for full-time undergraduates |
| $7,760 | for part-time undergraduates |
|
| Average need-based gift award: |
| |
| $19,639 | for first-year students |
| $17,588 | for full-time undergraduates |
| $5,345 | for part-time undergraduates |
|
| Average need-based self-help award (excluding PLUS loans and private alternative loans): |
| |
| $4,866 | for first-year students |
| $5,057 | for full-time undergraduates |
| $3,178 | for part-time undergraduates |
|
| Average need-based loan (excluding PLUS loans and private alternative loans): |
| |
| $4,506 | for first-year students |
| $4,732 | for full-time undergraduates |
| $3,178 | for part-time undergraduates |
|
| Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits): |
| |
| 15% | of first-year students |
| 18% | of full-time undergraduates |
|
| Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits): |
| |
| $12,736 | for first-year students |
| $11,065 | for full-time undergraduates |
|
| School participates in Federal Work-Study Program: |
yes |
| Percent of students who received aid that participated in Federal Work Study: |
58% |
|
| Types of loans available: |
|
- Direct Subsidized Stafford Loans
- Direct Unsubsidized Stafford Loans
- Direct PLUS Loans
- FFEL Subsidized Stafford Loans
- FFEL Unsubsidized Stafford Loans
- FFEL PLUS Loans
- Federal Perkins Loans
- State Loans
|
|
| Parent loans packaged to meet need: |
no |
| First-year loan package range: |
$5,500 - $7,500 |
| Undergraduate loan package range: |
$5,500 - $7,500 |
| Percent of undergraduates who have borrowed through all loan programs: |
85% |
| Average student debt upon graduation: |
$36,808 |
| Types of payment plans: |
|
- school's own payment plan(s)
|
|
| Need-based scholarships/grants available: |
|
- need-based (general)
- Federal Pell Grants
- SEOG
- state scholarships/grants
- college/university scholarships/grants (institutional funds)
- private scholarships/grants
|
|
| Non-need-based scholarships/grants available: |
|
- non-need-based (general)
- academic merit scholarships/grants
- creative arts/performance
|
|
| First-year scholarship/grant award range: |
$10,000 - $23,000 |
| Undergraduate scholarship/grant award range: |
$10,000 - $23,000 |
|
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