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Baltimore City Wire

Thursday, November 21, 2024

Cost of college went up for all students at the Maryland Institute College of Art

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Tuition and fees rose 3.5 percent for 2018-19 at the Maryland Institute College of Art, according to recent data from the U.S. Department of Education.

Maryland students paid $48,630 to attend the four-year private not-for-profit institution this year – $1,640 more than the $46,990 charged for 2017-18.

Data shows 93 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 391 students received grants or scholarships totaling $7.8 million and 182 students took out student loans totaling more than $1.6 million.

Including all undergraduates (2,178), 1,658 students used grants or scholarships totaling $35.2 million, and 779 students took out $5.5 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~348$43,870$45,400$46,990$48,63010.9%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Maryland Institute College of Art in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants9122%$469,788$5,163
State / local grant or scholarship307%$330,283$11,009
Institutional grants or scholarships39193%$7,006,439$17,919
Grant or scholarship aid total39193%$7,806,510$19,965
Federal student loans18243%$970,943$5,335
Other student loans256%$601,215$24,049
Student loan aid18243%$1,572,158$8,638
Total student aid39193%--

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