OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Maryland Institute College of Arts (MICA) Financial Aid and Scholarships 2022

A private university by the name of Maryland Institute College of Art is located in Baltimore, Maryland. At Maryland Institute College of Art, around 94% of the students are 24 and under. And, when it comes to gender distribution at the varsity, around 75% of the students are females and 25% are males. Finally, at MICA around 36% are white, 28% are Non-resident alien, and 10% are Asian. Jeff Koons, Hans Schuler, William Henry Rinehart, and Elaine Hamilton-O'Neal are some of the well-known alu

Maryland Institute College of Arts (MICA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$35.173M

Financial Aid Official Website

www.mica.edu/Admission_and_Financial_Aid.html

As many as 95% of the students at MICA get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,106,753 in a year. At MICA, the total percentage of applicants who receive the Federal Grant stands at 21%. In comparison, 95% of the students are awarded the Student Grant, 95% get the Institution Grant, and 21% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,323, and the same stands at $8,650 for State Grant awardees and $19,977 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,905. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 44% of the applicants to Maryland Institute College of Art opt for student loans.

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