Montserrat College of Art Financial Aid and Scholarships
Students Receiving Aid
100%
Total Aid Amount
$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%.
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