Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $23,496 and the average loan amount is $6,452. The average financial aid amount is 55.21% of tuition & fees (tuition & fees: $42,560).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid656 100%$15,413,593$23,496
Pell Grants264 40%$1,251,483$4,740
Federal Students Loans594 90%$3,832,335$6,452

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 154 students have received one or more types of financial aid at Minneapolis College of Art and Design.
The average amount of federal, state, local or institutional grant aid is $25,957 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,749.
The following table shows the financial data by type of aid at Minneapolis College of Art and Design.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid154100%--
Grant or scholarship aid154 100%$3,997,429$25,957
Federal Grants68 44%$328,334$4,828
Pell Grants68 44%$326,334$4,799
Other Federal Grants1 1%$2,000$2,000
State/Local Grants59 38%$332,483$5,635
Institutional Grants154 100%$3,336,612$21,666
Student Loans148 96%$1,294,836$8,749
Federal Student Loans148 96%$801,500$5,416
Other Student Loans31 20%$493,336$15,914