Private 4 Year

MCAD Tuition & Cost

Minneapolis, Minnesota

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How much does it cost to attend?

Sticker Price
Costs for Minneapolis College of Art and Design
Fee Cost
Books and Supplies$3,060
Other Fees$450
Room and Board $8,156
Other Expenses Budget$2,152

Annual Prices

The annual list price to attend Minneapolis College of Art and Design on a full time basis for 2018/2019 is $53,764 for all students regardless of their residency. This fee is comprised of $39,946 for tuition, $8,156 room and board, $3,060 for books and supplies and $450 for other fees. Out of state tuition for Minneapolis College of Art and Design is $39,946, the same as Minnesota residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Minneapolis College of Art and Design when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Minneapolis College of Art and Design
Family Income Net Price Paid
$0 to $30,000$24,434
$30,001 to $48,000$23,848
$48,001 to $75,000$26,469
$75,001 to $110,000$27,772

The average reported annual net price for Minneapolis College of Art and Design for students receiving grants or scholarship aid was $28,848 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

99% of full-time undergrad Minneapolis College of Art and Design received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $22,754 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 97% of students received Federal Student Loans averaging $4,423 and 17% of undergrads took out private student loans averaging $15,487.

Finanical Aid Minneapolis College of Art and Design
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $22,754 99%
Institutional Grants and Scholarships $19,012 99%
Pell Grants $4,162 39%
Other Federal Grants $1,808 10%
State and Local Grants $4,966 39%
Federal Student Loans $4,423 97%
Other Student Loans $15,487 17%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Minneapolis College of Art and Design, we've modeled a ten year student loan with an original principal value of $114,520. The loan balance of $114,520 is a four year multiple of the $28,630 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,093 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $114,520
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,092.65
Total Interest Paid $16,597.65
Sum of All Loan Payments $131,117.65

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $53,764
2 $55,758
3 $57,827
4 $59,972

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Minneapolis College of Art and Design to be $215,056 - assuming graduation in normal time. The estimation assumes a 3.7% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Minneapolis College of Art and Design
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,665 $4,995 $6,660

Estimated cost for a class at Minneapolis College of Art and Design based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Minneapolis College of Art and Design versus other colleges.

Tuition Payment Plans Available

Minneapolis College of Art and Design Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=174127 IPEDS survey data for Minneapolis College of Art and Design.