$4,588

Avg. Federal Grant

$5,558

Avg. Federal Loan

$5,415,815

Total Aid Awarded

Montserrat College of Art Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$5.416M

Financial Aid Official Website

https://www.montserrat.edu/student-financial-services/

Among them are scholarship programs such as Heriberto Flores Scholarship, MASSGrant Program, Merit Award, and Montserrat College of Art - MASSGrant. Interestingly, almost all of the students at MCA receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $2,022,940 in a year. For additional information about financial assistance schemes, one can head over to MCA’s financial aid page at https://www.montserrat.edu/student-financial-services/. The total percentage of candidates applying to Montserrat College of Art who receive the Federal Grant is 38%. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,659, and the same stands at $2,142 for State Grant awardees and $15,293 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,758. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $20,336 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,259, while those falling in the $48,001-$75,000 income category get $19,284 a year. On the other hand, the average federal aid stands at $12,022 for those with an annual family income between $75,001 and $110,000, and at $11,494 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Montserrat College of Art, the percentage of candidates who opt to avail of student loans is around 78%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

18%

Institution Grant Aid

100%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,588

State Grant Aid

$2,020

Institution Grant Aid

$14,270

Pell Grant

$4,445

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,992

$30,001 - $48,000

$18,156

$48,001 - $75,000

$16,235

$75,001 - $110,000

$14,232

Over $110,000

$13,474

Student Loans for Montserrat College of Art

Average Loan Amount Average Loan Amount received per year.

$11,252/Year

Students Taking Out Loans

78%

Loan Default Rate

9.3%

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