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Several financial aid options may be available to you as a graduate student based on your , many of which are based on merit or special criteria, are great options for funding your education. MCAD students are often awarded money by businesses, community groups, and religious organizations, to name a few.

MCAD Admissions Trustees Scholarship (MFA Only)

This merit-based competition is open to all entering MFA students. If you submit all application materials by the deadlines you may be eligible.

MCAD Annual Merit Scholarships (MFA Only)

This competitive  based on your grade level. Can be awarded in two forms:

  • Subsidized Stafford Loans: Need-based. The federal government subsidizes (pays) the interest until the loan goes into repayment.
  • Unsubsidized Stafford Loans: Not need-based. The federal government does not subsidize (pay) any interest. You have the option to pay interest while attending school or have interest accumulate and be capitalized at repayment.

Federal Direct Graduate PLUS Loans

You may borrow up to the cost of attendance minus any other financial aid. You must complete an online and loan request to .

Alternative Loans

allow you to borrow the remainder of what traditional financial aid programs do not cover. Loans may require a cosigner. Interest rates vary.

Unlike grants and scholarships, loans need to be repaid. International students do not qualify for federal financial aid. Learn about required loan counseling.


Graduate Assistantships (MFA Only)

Graduate Assistantships provide students with meaningful extracurricular experience while offsetting expenses. Available both on- and off-campus, assistantships last two semesters. Graduate Assistantships are subject to financial aid regulations and may result in a reduction of Federal Stafford Loans. To apply, you must be enrolled in nine or more credits.

Similar to a job, assistantship aid is earned through work and does not need to be repaid.


Installment Payment Plan

You may be eligible to participate in a monthly payment plan once you are admitted and have submitted your tuition deposit.

Installment plan not available to international students enrolled in an online MA program.