Scholarships, Grants, and Loan Trends at MCAD

4%

Received Percent Changed

$8,981

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 671, which is 97.22 % of all undergraduate students. 590 students which is 85.22% of undergraduate students received federal student loans and the average loan amount is $6,530.

For full-time, first-time beginning students (freshmen), 99.89% of students received grants or scholarships and 94% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Minneapolis College of Art and Design since 2014.

For that period, the average number of students who received grants aid/scholarships is 671, which is 97.22 % of all undergraduate students. 590 students which is 85.22% of undergraduate students received federal student loans and the average loan amount is $6,530.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15629 (94%)$16,199248 (37%)$4,213565 (84%)$6,544
2015-16651 (96%)$17,615260 (38%)$4,329577 (85%)$7,265
2016-17683 (97%)$18,933293 (42%)$4,293604 (86%)$7,539
2017-18671 (98%)$20,084286 (42%)$4,411606 (88%)$6,222
2018-19710 (96%)$21,287301 (41%)$4,476633 (85%)$5,835
2019-20691 (97%)$21,801264 (37%)$4,557616 (87%)$6,803
2020-21656 (100%)$23,496264 (40%)$4,740594 (90%)$6,452
2021-22665 (99%)$24,195266 (39%)$4,708597 (88%)$5,541
2022-23686 (98%)$25,180282 (40%)$4,859516 (74%)$6,573
Average671 (97.22%)$20,977274 (39.56%)$4,510590 (85.22%)$6,530
*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.

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

For the last 10 years, on average, 154 (99.89 % of students) received grants or scholarships and its average amount is $22,921. It can cover 50.39% of tuition & fees ($45,484).

In addition, 145 (94.22 % of students) students get helped from the students loans (average amount : $7,639).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15120 (100%)$18,877116 (97%)$7,677
2015-16145 (100%)$19,396136 (94%)$7,683
2016-17163 (100%)$20,621154 (94%)$7,943
2017-18133 (100%)$21,246130 (98%)$6,750
2018-19173 (99%)$22,754169 (97%)$7,172
2019-20178 (100%)$23,684173 (97%)$6,862
2020-21154 (100%)$25,957148 (96%)$8,749
2021-22163 (100%)$26,025155 (95%)$7,820
2022-23160 (100%)$27,729128 (80%)$8,091
Average154 (99.89%)$22,921145 (94.22%)$7,639
*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.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 61 (39.78 % of students) received Pell (federal) grants and its average amount is $4,541.

In addition, 51 students received State/local government grants/scholarships (32.44 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1551 (43%)$4,38611 (9%)$1,99029 (24%)$4,329120 (100%)$15,784
2015-1661 (42%)$4,3919 (6%)$1,97332 (22%)$4,893145 (100%)$16,347
2016-1755 (34%)$4,20712 (7%)$1,98246 (28%)$5,207163 (100%)$17,586
2017-1852 (39%)$4,3613 (2%)$1,55942 (32%)$5,508133 (100%)$17,766
2018-1967 (39%)$4,16217 (10%)$1,80868 (39%)$4,966173 (99%)$19,012
2019-2063 (35%)$4,92011 (6%)$1,89360 (34%)$5,186178 (100%)$20,077
2020-2168 (44%)$4,7991 (1%)$2,00059 (38%)$5,635154 (100%)$21,666
2021-2271 (44%)$4,4027 (4%)$2,04655 (34%)$5,938163 (100%)$22,016
2022-2361 (38%)$5,2419 (6%)$1,67866 (41%)$5,943160 (100%)$23,185
Average61 (39.78%)$4,5419 (5.67%)$1,88151 (32.44%)$5,289154 (99.89%)$19,271
*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.

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, 145 (94.22 % of students) get any students loan help and its average loan amount is $145.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15116 (97%)$7,677116 (97%)$6,41413 (11%)$11,268
2015-16136 (94%)$7,683136 (94%)$6,09814 (10%)$15,399
2016-17154 (94%)$7,943154 (94%)$5,44128 (17%)$13,761
2017-18130 (98%)$6,750130 (98%)$4,76221 (16%)$12,306
2018-19169 (97%)$7,172169 (97%)$4,42330 (17%)$15,487
2019-20173 (97%)$6,862173 (97%)$4,64626 (15%)$14,749
2020-21148 (96%)$8,749148 (96%)$5,41631 (20%)$15,914
2021-22155 (95%)$7,820155 (95%)$5,13525 (15%)$16,642
2022-23128 (80%)$8,091127 (79%)$5,41822 (14%)$15,801
Average145 (94.22%)$7,639145 (94.11%)$5,30623 (15.00%)$14,592

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