How Massachusetts College of Art and Design'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 Massachusetts College of Art and Design since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,378, which is 73.22 % of all undergraduate students. 1,055 students which is 55.44% of undergraduate students received federal student loans and the average loan amount is $7,472.

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	1,118 (53%)	$7,613	563 (27%)	$4,525	1,205 (57%)	$7,182
2014-15	1,076 (55%)	$8,418	532 (27%)	$4,623	1,081 (55%)	$7,108
2015-16	1,109 (59%)	$8,797	507 (27%)	$4,498	999 (53%)	$6,935
2016-17	1,248 (72%)	$9,097	505 (29%)	$4,520	1,040 (60%)	$6,947
2017-18	1,431 (74%)	$8,619	568 (29%)	$4,670	1,087 (56%)	$6,811
2018-19	1,522 (78%)	$7,870	554 (28%)	$4,705	1,074 (55%)	$9,723
2019-20	1,607 (82%)	$7,338	550 (28%)	$4,656	1,104 (56%)	$6,728
2020-21	1,569 (89%)	$7,186	547 (31%)	$5,122	937 (53%)	$9,552
2021-22	1,723 (97%)	$7,460	484 (27%)	$4,701	965 (54%)	$6,261
Average	1,378 (73.22%)	$8,044	534 (28.11%)	$4,669	1,055 (55.44%)	$7,472

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

Overview

For the last 10 years, on average, 316 (87.22 % of students) received grants or scholarships and its average amount is $8,181. It can cover 19.40% of tuition & fees ($42,180) based on out-of-state rate.

In addition, 238 (66.00 % of students) students get helped from the students loans (average amount : $9,961).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	271 (74%)	$7,503	235 (64%)	$9,505
2014-15	250 (76%)	$9,810	226 (69%)	$8,331
2015-16	236 (81%)	$9,227	193 (66%)	$8,971
2016-17	345 (92%)	$9,665	270 (72%)	$9,547
2017-18	397 (94%)	$7,345	293 (69%)	$10,038
2018-19	337 (93%)	$6,325	231 (64%)	$9,835
2019-20	322 (85%)	$8,100	236 (62%)	$12,049
2020-21	299 (90%)	$7,161	212 (64%)	$11,338
2021-22	384 (100%)	$8,494	244 (64%)	$10,039
Average	316 (87.22%)	$8,181	238 (66.00%)	$9,961

^*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, 107 (29.67 % of students) received Pell (federal) grants and its average amount is $4,581.

In addition, 93 students received State/local government grants/scholarships (25.56 % 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	86 (23%)	$4,336	1 (0%)	$3,000	55 (15%)	$983	240 (66%)	$6,680
2014-15	100 (30%)	$4,631	9 (3%)	$2,733	77 (23%)	$1,559	208 (63%)	$8,869
2015-16	90 (31%)	$4,183	7 (2%)	$1,671	72 (25%)	$2,983	203 (70%)	$7,757
2016-17	109 (29%)	$4,513	10 (3%)	$2,060	76 (20%)	$3,123	326 (87%)	$7,928
2017-18	145 (34%)	$4,693	16 (4%)	$2,563	177 (42%)	$1,720	350 (83%)	$5,400
2018-19	107 (30%)	$4,596	11 (3%)	$2,518	88 (24%)	$1,972	326 (90%)	$4,413
2019-20	112 (30%)	$5,186	9 (2%)	$3,000	93 (25%)	$2,821	299 (79%)	$5,813
2020-21	106 (32%)	$4,622	270 (82%)	$511	95 (29%)	$3,746	228 (69%)	$5,076
2021-22	109 (28%)	$4,465	384 (100%)	$1,634	102 (27%)	$4,635	289 (75%)	$5,796
Average	107 (29.67%)	$4,581	80 (24.88%)	$2,188	93 (25.56%)	$2,616	274 (75.78%)	$6,415

^*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, 238 (66.00 % of students) get any students loan help and its average loan amount is $238.

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	235 (64%)	$9,505	227 (62%)	$5,835	66 (18%)	$13,775
2014-15	226 (69%)	$8,331	222 (68%)	$5,757	46 (14%)	$13,145
2015-16	193 (66%)	$8,971	186 (64%)	$5,511	52 (18%)	$13,582
2016-17	270 (72%)	$9,547	264 (71%)	$5,664	71 (19%)	$15,242
2017-18	293 (69%)	$10,038	286 (68%)	$5,475	84 (20%)	$16,372
2018-19	231 (64%)	$9,835	226 (62%)	$5,402	62 (17%)	$16,953
2019-20	236 (62%)	$12,049	229 (61%)	$5,500	77 (20%)	$20,572
2020-21	212 (64%)	$11,338	206 (62%)	$5,263	69 (21%)	$19,122
2021-22	244 (64%)	$10,039	241 (63%)	$5,291	55 (14%)	$21,353
Average	238 (66.00%)	$9,961	232 (64.56%)	$5,522	65 (17.89%)	$16,680

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Scholarships, Grants, and Loan Trends at Massachusetts College of Art and Design

All Undergraduate Students Financial Aid Over Time

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