All MCAD students are encouraged to apply for financial aid with the help of the Financial Aid Office; over 97% of our students receive some form of financial aid. Students are usually awarded a combination of scholarships, grants, loans, and work-study to meet their financial needs. The State and Federal Governments, and the College provide financial aid funds. Additional scholarship sources include outside agencies, employers, the world wide web and area libraries. The total amount of financial aid a student may receive is based on the family's financial situation and the cost of attendance.
While the amount of financial aid a student may receive is dependent upon financial need, the student must also be making satisfactory academic progress to be eligible for federal, state and MCAD funds. Full-time attendance is required to be eligible for some financial aid programs. Students are eligible for a maximum of eight semesters of MCAD grants and scholarships.