by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does Massachusetts College of Art and Design offer, and what will you qualify for? Keep scrolling for answers.
$6,239.00 is the typical Massachusetts College of Art and Design’s first year financial aid package. 90% of reshman students get financial aid, most of which is in the form of loans
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Massachusetts College of Art and Design.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Massachusetts College of Art and Design.
79% of new students (299 total) were offered scholarships at Massachusetts College of Art and Design, averaging $5,813.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 30% of first-year students (112 total) got federal grant aid, averaging $5,427.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.38% | $12,997.00 |
| Income 30k-48k | 4.76% | $10,037.00 |
| Income 48k-75k | 8.73% | $7,471.00 |
| Income 75k-110k | 7.41% | $4,279.00 |
| Income 110k + | 14.81% | $2,245.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
322 Massachusetts College of Art and Design undergrads obtain grant aid (this is about 90% of the entire undergraduate student population). The average amount these students receive is $6,239.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.