As mentioned, if one finds the fees and cost of living at MCAD to be on the higher side, the financial aid department of the varsity would be of huge assistance. They can assist students with scholarships, grants, and student loans as well. The average financial aid at Massachusetts College of Art and Design is around $4,413 and the federal grant is $4,855. The students at the college are provided with state aid and institutional aid. The state aid stands at $1,972, while the institutional aid is $4,413. The non-need-based scholarships awarded to students admitted to Massachusetts College of Art and Design amount to $3,111,978 per annum.