$4,609

Avg. Federal Grant

$5,466

Avg. Federal Loan

$6,799,410

Total Aid Awarded

Moore College of Art and Design Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$6.799M

Financial Aid Official Website

moore.edu/admissions/bfa-admissions/tuition-and-financial-aid/financial-aid

Such schemes include Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Technology Scholarship. It is interesting to note that almost every student at MCAD receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,095,177. At MCAD, the total percentage of applicants who receive the Federal Grant stands at 42%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,114, and the same stands at $3,629 for State Grant awardees and $18,655 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,743. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At MCAD, an estimated number of 96% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

47%

Institution Grant Aid

100%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$4,609

State Grant Aid

$2,852

Institution Grant Aid

$18,656

Pell Grant

$4,195

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,659

$30,001 - $48,000

$24,583

$48,001 - $75,000

$21,218

$75,001 - $110,000

$23,962

Over $110,000

$17,043

Student Loans for Moore College of Art and Design

Average Loan Amount Average Loan Amount received per year.

$10,251/Year

Students Taking Out Loans

100%

Loan Default Rate

9.3%

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