How MICA's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Maryland Institute College of Art since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,617, which is 96.00 % of all undergraduate students. 790 students which is 46.56% of undergraduate students received federal student loans and the average loan amount is $6,995.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,726 (97%)	$16,053	445 (25%)	$4,464	1,046 (59%)	$7,427
2014-15	1,791 (97%)	$17,186	428 (23%)	$4,637	1,036 (56%)	$7,233
2015-16	1,683 (96%)	$18,153	385 (22%)	$4,560	876 (50%)	$7,281
2016-17	1,604 (98%)	$17,895	344 (21%)	$4,527	818 (50%)	$7,255
2017-18	1,658 (95%)	$21,214	360 (21%)	$4,655	779 (45%)	$7,087
2018-19	1,623 (91%)	$23,185	368 (21%)	$4,905	750 (42%)	$6,809
2019-20	1,679 (96%)	$21,833	351 (20%)	$4,920	709 (41%)	$6,763
2020-21	1,304 (98%)	$24,260	299 (22%)	$4,953	490 (37%)	$6,518
2021-22	1,481 (96%)	$27,342	342 (22%)	$5,051	607 (39%)	$6,582
Average	1,617 (96.00%)	$20,791	369 (21.89%)	$4,741	790 (46.56%)	$6,995

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 373 (97.11 % of students) received grants or scholarships and its average amount is $20,531. It can cover 37.23% of tuition & fees ($55,150).

In addition, 186 (48.44 % of students) students get helped from the students loans (average amount : $8,716).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	394 (99%)	$15,447	230 (58%)	$8,549
2014-15	441 (97%)	$16,997	239 (53%)	$8,573
2015-16	391 (95%)	$16,822	187 (45%)	$9,042
2016-17	334 (95%)	$18,939	161 (46%)	$8,643
2017-18	391 (93%)	$19,965	182 (43%)	$8,638
2018-19	402 (95%)	$21,922	188 (44%)	$8,954
2019-20	404 (100%)	$21,655	177 (44%)	$9,281
2020-21	288 (100%)	$27,261	134 (47%)	$6,802
2021-22	311 (100%)	$25,767	175 (56%)	$9,965
Average	373 (97.11%)	$20,531	186 (48.44%)	$8,716

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 79 (20.89 % of students) received Pell (federal) grants and its average amount is $4,915.

In addition, 28 students received State/local government grants/scholarships (7.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	83 (21%)	$4,238	30 (8%)	$1,000	29 (7%)	$5,374	394 (99%)	$14,082
2014-15	90 (20%)	$4,607	38 (8%)	$1,053	35 (8%)	$10,814	441 (97%)	$15,108
2015-16	76 (18%)	$4,597	32 (8%)	$1,063	17 (4%)	$6,933	391 (95%)	$15,540
2016-17	65 (19%)	$5,743	24 (7%)	$1,292	13 (4%)	$10,327	334 (95%)	$17,326
2017-18	91 (22%)	$4,538	58 (14%)	$980	30 (7%)	$11,009	391 (93%)	$17,919
2018-19	90 (21%)	$4,912	39 (9%)	$949	35 (8%)	$8,650	402 (95%)	$19,977
2019-20	67 (17%)	$4,862	59 (15%)	$1,469	20 (5%)	$7,113	404 (100%)	$20,282
2020-21	77 (27%)	$5,367	42 (15%)	$2,528	42 (15%)	$10,429	288 (100%)	$23,937
2021-22	71 (23%)	$5,373	83 (27%)	$3,557	35 (11%)	$12,209	311 (100%)	$22,217
Average	79 (20.89%)	$4,915	45 (12.33%)	$1,543	28 (7.67%)	$9,206	373 (97.11%)	$18,488

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 186 (48.44 % of students) get any students loan help and its average loan amount is $186.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	230 (58%)	$8,549	225 (56%)	$5,869	33 (8%)	$19,566
2014-15	239 (53%)	$8,573	237 (52%)	$5,697	29 (6%)	$24,098
2015-16	187 (45%)	$9,042	184 (45%)	$5,618	24 (6%)	$27,380
2016-17	161 (46%)	$8,643	161 (46%)	$5,592	21 (6%)	$23,396
2017-18	182 (43%)	$8,638	182 (43%)	$5,335	25 (6%)	$24,049
2018-19	188 (44%)	$8,954	188 (44%)	$5,321	23 (5%)	$29,701
2019-20	177 (44%)	$9,281	176 (44%)	$5,277	27 (7%)	$26,447
2020-21	134 (47%)	$6,802	120 (42%)	$5,435	14 (5%)	$18,522
2021-22	175 (56%)	$9,965	144 (46%)	$5,257	31 (10%)	$31,832
Average	186 (48.44%)	$8,716	180 (46.44%)	$5,489	25 (6.56%)	$24,999

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Scholarships, Grants, and Loan Trends at MICA

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time