How MCAD'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 Minneapolis College of Art and Design since 2013.

For that period, the average number of students who received grants aid/scholarships is 662, which is 96.11 % of all undergraduate students. 600 students which is 86.89% of undergraduate students received federal student loans and the average loan amount is $6,513.

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	602 (88%)	$15,564	239 (35%)	$4,274	612 (89%)	$6,416
2014-15	629 (94%)	$16,199	248 (37%)	$4,213	565 (84%)	$6,544
2015-16	651 (96%)	$17,615	260 (38%)	$4,329	577 (85%)	$7,265
2016-17	683 (97%)	$18,933	293 (42%)	$4,293	604 (86%)	$7,539
2017-18	671 (98%)	$20,084	286 (42%)	$4,411	606 (88%)	$6,222
2018-19	710 (96%)	$21,287	301 (41%)	$4,476	633 (85%)	$5,835
2019-20	691 (97%)	$21,801	264 (37%)	$4,557	616 (87%)	$6,803
2020-21	656 (100%)	$23,496	264 (40%)	$4,740	594 (90%)	$6,452
2021-22	665 (99%)	$24,195	266 (39%)	$4,708	597 (88%)	$5,541
Average	662 (96.11%)	$19,908	269 (39.00%)	$4,445	600 (86.89%)	$6,513

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

Overview

For the last 10 years, on average, 149 (99.56 % of students) received grants or scholarships and its average amount is $21,749. It can cover 49.63% of tuition & fees ($43,824).

In addition, 143 (95.89 % of students) students get helped from the students loans (average amount : $7,578).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	112 (97%)	$17,180	109 (95%)	$7,545
2014-15	120 (100%)	$18,877	116 (97%)	$7,677
2015-16	145 (100%)	$19,396	136 (94%)	$7,683
2016-17	163 (100%)	$20,621	154 (94%)	$7,943
2017-18	133 (100%)	$21,246	130 (98%)	$6,750
2018-19	173 (99%)	$22,754	169 (97%)	$7,172
2019-20	178 (100%)	$23,684	173 (97%)	$6,862
2020-21	154 (100%)	$25,957	148 (96%)	$8,749
2021-22	163 (100%)	$26,025	155 (95%)	$7,820
Average	149 (99.56%)	$21,749	143 (95.89%)	$7,578

^*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, 58 (39.22 % of students) received Pell (federal) grants and its average amount is $4,473.

In addition, 47 students received State/local government grants/scholarships (30.67 % 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	38 (33%)	$4,625	2 (2%)	$1,500	29 (25%)	$4,766	112 (97%)	$14,350
2014-15	51 (43%)	$4,386	11 (9%)	$1,990	29 (24%)	$4,329	120 (100%)	$15,784
2015-16	61 (42%)	$4,391	9 (6%)	$1,973	32 (22%)	$4,893	145 (100%)	$16,347
2016-17	55 (34%)	$4,207	12 (7%)	$1,982	46 (28%)	$5,207	163 (100%)	$17,586
2017-18	52 (39%)	$4,361	3 (2%)	$1,559	42 (32%)	$5,508	133 (100%)	$17,766
2018-19	67 (39%)	$4,162	17 (10%)	$1,808	68 (39%)	$4,966	173 (99%)	$19,012
2019-20	63 (35%)	$4,920	11 (6%)	$1,893	60 (34%)	$5,186	178 (100%)	$20,077
2020-21	68 (44%)	$4,799	1 (1%)	$2,000	59 (38%)	$5,635	154 (100%)	$21,666
2021-22	71 (44%)	$4,402	7 (4%)	$2,046	55 (34%)	$5,938	163 (100%)	$22,016
Average	58 (39.22%)	$4,473	8 (5.22%)	$1,861	47 (30.67%)	$5,159	149 (99.56%)	$18,289

^*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, 143 (95.89 % of students) get any students loan help and its average loan amount is $143.

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	109 (95%)	$7,545	109 (95%)	$5,752	18 (16%)	$10,855
2014-15	116 (97%)	$7,677	116 (97%)	$6,414	13 (11%)	$11,268
2015-16	136 (94%)	$7,683	136 (94%)	$6,098	14 (10%)	$15,399
2016-17	154 (94%)	$7,943	154 (94%)	$5,441	28 (17%)	$13,761
2017-18	130 (98%)	$6,750	130 (98%)	$4,762	21 (16%)	$12,306
2018-19	169 (97%)	$7,172	169 (97%)	$4,423	30 (17%)	$15,487
2019-20	173 (97%)	$6,862	173 (97%)	$4,646	26 (15%)	$14,749
2020-21	148 (96%)	$8,749	148 (96%)	$5,416	31 (20%)	$15,914
2021-22	155 (95%)	$7,820	155 (95%)	$5,135	25 (15%)	$16,642
Average	143 (95.89%)	$7,578	143 (95.89%)	$5,343	23 (15.22%)	$14,042

Most Searched Minnesota Colleges (last 30 days)

4-Year Colleges

Capella University Private, four-years | Minneapolis
University of Minnesota-Twin Cities Public, four-years | Minneapolis
Walden University Private, four-years | Minneapolis
Minnesota State University-Mankato Public, four-years | Mankato
Minnesota North College Public, 2-4 years | Hibbing
North Central University Private, four-years | Minneapolis
University of Minnesota-Duluth Public, four-years | Duluth
Carleton College Private, four-years | Northfield
Rasmussen University-Minnesota Private, four-years | St. Cloud
University of St Thomas Private, four-years | Saint Paul

compare schools

Graduate

Capella University Private, four-years | Minneapolis
Walden University Private, four-years | Minneapolis
Saint Cloud State University Public, four-years | Saint Cloud
Bethany Global University Private, four-years | Bloomington
Bethel University Private, four-years | Saint Paul
Winona State University Public, four-years | Winona
St Catherine University Private, four-years | Saint Paul
University of Minnesota-Twin Cities Public, four-years | Minneapolis
Metropolitan State University Public, four-years | Saint Paul
Mayo Clinic College of Medicine and Science Private, four-years | Rochester

compare schools

Online Schools

Minnesota North College Public, 2-4 years | Hibbing
Capella University Private, four-years | Minneapolis
Rasmussen University-Minnesota Private, four-years | St. Cloud
Walden University Private, four-years | Minneapolis
Normandale Community College Public, 2-4 years | Bloomington
Bethany Global University Private, four-years | Bloomington
Central Lakes College-Brainerd Public, 2-4 years | Brainerd
Crown College Private, four-years | Saint Bonifacius
University of Minnesota-Twin Cities Public, four-years | Minneapolis
Saint Cloud State University Public, four-years | Saint Cloud

compare schools

Trade Schools

Summit Academy Opportunities Industrialization Center Private, Less than 2-years | Minneapolis
Aveda Arts & Sciences Institute Minneapolis Private, Less than 2-years | Minneapolis
National American University-Rochester Private, four-years | Rochester
Avalon School of Cosmetology Private, 2-4 years | Worthington
University of Minnesota-Twin Cities Public, four-years | Minneapolis
Minnesota State College Southeast Public, 2-4 years | Winona
Minnesota North College Public, 2-4 years | Hibbing
University of St Thomas Private, four-years | Saint Paul
Alexandria Technical & Community College Public, 2-4 years | Alexandria
Empire Beauty School-Bloomington Private, Less than 2-years | Bloomington

compare schools

Scholarships, Grants, and Loan Trends at MCAD

All Undergraduate Students Financial Aid Over Time

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