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Grants, Scholarships, Loans, and More

If you demonstrate financial need you may qualify for grants, which do not need to be repaid, or loans, which must be repaid after graduation. If you show academic achievement and artistic talent you may qualify for merit scholarships. Additional scholarships, work-study, and payment plans are also available.


Grants

Federal Pell Grants

Awarded based on financial need.

Federal Supplemental Educational Opportunity Grants

Awarded based on financial need. Priority is given to Federal Pell Grant recipients. Grants range from $100 to $2,000.

Minnesota State Grants

Awarded if you meet criteria set forth by the . Grant amounts are dependent upon annual appropriation levels established by the State of Minnesota.

MCAD Opportunity Grants and Renewable Opportunity Grants

Awarded by MCAD based on financial need. You must complete the FAFSA by March 15 to be considered.

MCAD Distance Grants

Awarded if you are an out-of-state student with an expected family contribution below $10,000. You must complete the FAFSA by March 15 to be considered.

Tuition Exchange Awards

make funding available to dependents of faculty and staff.

Yellow Ribbon GI Education Enhancement Grants

if you are still considered a legal dependent. Parents must complete an online and loan request.

Federal Direct Stafford Loans

A 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.

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.


Scholarships

MCAD Admissions Merit Scholarships

This competitive scholarship, which recognizes achievement and talent, is open to all entering undergraduate students. If you submit all , a free micro-scholarship platform, students can earn awards by adding academic and extracurricular achievements to their RaisMe portfolio. 

Note: Your final RaiseMe total represents a minimum amount of scholarship or grant aid you will receive in your MCAD financial aid package. If you receive a larger scholarship based upon other factors (like your artistic or academic achievements or financial information supplied on the FAFSA), then the package will include the amount that you have earned on RaiseMe. The RaiseMe micro-scholarships earned are always part of your MCAD award, not in addition to it.

External Scholarships

, 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.


Work-Study

Many different part-time jobs are available to help you offset educational expenses and gain work experience. are posted approximately one week before classes begin and as available throughout the semester. Work-study students typically work five to ten hours per week.


Installment Payment Plan

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


Benefits for Veterans and Dependents

Veterans and their dependents may be eligible to receive help paying for tuition, fees, supplies, housing and more.