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What is the average financial aid amount at Minneapolis College of Art and Design?

For the academic year 2022-2023, total 163 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 665 students (99% of all students) received grants or scholarships and the average grant amount is $24,195. In addition, 597 students received student loans and the average loan amount is $5,541.

Below tables show the number and amount by source of financial aid at Minneapolis College of Art and Design.
All Undergraduate Student Financial Aid at Minneapolis College of Art and Design
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid66599%$24,195
Pell Grants26639%$4,708
Federal Student Loans59788%$5,541
Beginning Students (Freshmen) Financial Aid at Minneapolis College of Art and Design
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid163100%-
Grants or Scholarship from All Sources163100%$26,025
Federal Grants7144%$4,604
Pell Grants7144%$4,402
Other Federal Grants74%$2,046
State/Local Grants5534%$5,938
Institutional Grants163100%$22,016
Student Loans15595%$7,820
Federal Student Loans15595%$5,135
Other Student Loans2515%$16,642

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