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Can You Afford to Attend Maryland Institute College of Art?

Below is the data on what it actually costs to attend Maryland Institute College of Art, from the published cost of attendance and projected degree cost through to net price, median student debt at graduation, default outcomes, and how aid varies by family income.

$71,366.00 Cost of Attendance
$42,729.00 Avg Net Price
$16,250.00 Median Grad Debt

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The Cost of Attending Maryland Institute College of Art?

What it costs to attend Maryland Institute College of Art amounts to about $71,366.00 for a single academic year.

Below, the published cost is shown three ways — the full sticker price with no aid, the net price after the average grant package, and the net price for low-income students who typically receive the most aid.

Sticker Cost for Students (no aid)

Tuition and fees $56,800.00
+ Room, board & other expenses $14,566.00
Total cost $71,366.00
That is 118% above the national average net price.

After-Aid Net Price for Students (with average aid)

Total cost $71,366.00
− Grants and scholarships −$34,131.00
Net price $37,235.00
That is 14% above the national average net price.

What Low-Income Students Pay — Undergraduates

Total cost $71,366.00
− Grants and scholarships −$44,471.00
Net price $26,895.00
That is 18% below the national average net price.
Want the line-by-line detail? Dig into the tuition & fees page plus room and board.

Estimating the Total Cost of a Degree at Maryland Institute College of Art

Costs have trended upward in recent years by around 3.0% per year; the projections below compound that across a degree. The projections below run a full degree for a low-income aided student, an average-aid student, and the full sticker price. The loan rows amortise the projected total over a ten-year, 6.8% repayment.

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 3.0% 3.0% 3.0%
Freshman year $27,691.00 $38,338.00 $73,479.00
Senior year $30,225.00 $41,845.00 $80,202.00
Total 4-year net price $115,783.00 $160,297.00 $307,232.00
10-year loan interest @ 6.8% $44,109.00 $61,067.00 $117,044.00
Total monthly payment $1,332.00 $1,845.00 $3,536.00
Total amount paid $159,893.00 $221,365.00 $424,276.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 3.0% 3.0% 3.0%
Freshman year $27,691.00 $38,338.00 $73,479.00
Senior year $28,511.00 $39,473.00 $75,655.00
Total 2-year net price $56,203.00 $77,810.00 $149,134.00
10-year loan interest @ 6.8% $21,411.00 $29,643.00 $56,815.00
Total monthly payment $647.00 $895.00 $1,716.00
Total amount paid $77,614.00 $107,453.00 $205,949.00

See the full net-price breakdown in the net price section below.

Net Price at Maryland Institute College of Art

The net price figure shows the cost after grants and scholarships are deducted. For most prospective students, net price gives a more realistic estimate than sticker tuition.

Average net price (on-campus) $42,729.00
Average net price (off-campus) $38,429.00

Net price is far from uniform: lower-income families typically pay much less after aid. The table below shows the average net price by family-income bracket:

Family income Average net price
Under $30,000 $27,796.00
$30,000 to $48,000 $31,148.00
$48,001 to $75,000 $38,922.00
$75,001 to $110,000 $45,577.00
Over $110,000 $44,851.00

For a personalized estimate, try the Maryland Institute College of Art Net Price Calculator, or get in touch with the financial aid office.

For the grant-and-scholarship detail behind these figures, see the financial aid breakdown.

Student Debt at Maryland Institute College of Art

The median amount borrowed by graduates of Maryland Institute College of Art amounts to $16,250.00, which federal data classifies as a Low ($10-20k) debt-load classification.

Across borrowers, debt at graduation distributes like this:

Percentile Debt at graduation
10th $5,500.00
25th $12,000.00
Median (50th) $16,250.00
75th $28,000.00
90th $32,500.00

The gap between 10th and 90th percentile borrowers gives a sense of how uneven debt outcomes are.

For the full borrowing and repayment picture, see the student-loan-debt breakdown.

Income and Debt Outcomes at Maryland Institute College of Art

Debt outcomes vary substantially with family income. The table below divides borrowers into three income tiers:

Family income Median debt at graduation
Low income $17,313.00
Middle income $15,750.00
High income $15,890.00

Low-income borrowers graduate with $1,423.00 more debt than high-income graduates.

How Debt Varies by First-Generation Status at Maryland Institute College of Art

Whether your parents attended college is associated with differences in median debt at graduation.

Student group Median debt at graduation
First-generation students $19,000.00
Continuing-generation students $14,000.00

First-generation graduates from Maryland Institute College of Art carry $5,000.00 more median debt than continuing-generation peers.

Debt and Pell Grant Eligibility at Maryland Institute College of Art

The Pell Grant is the largest federal grant for undergraduates from low-income families. Contrasting Pell and non-Pell borrowers shows how need shapes debt.

The median debt difference between Pell-eligible and non-Pell graduates of Maryland Institute College of Art comes to $4,875.00. This school is flagged by the Department of Education for Pell-related debt inequity.

Default and Repayment Outcomes at Maryland Institute College of Art

The federal default-rate classification for Maryland Institute College of Art is Low (<5%).

Window Cohort default rate
2-year 2.7%

To put the rates in context, Stafford loans at Maryland Institute College of Art total $144,385,914.00 covering 6,443 borrowers.

GI Bill and Military Aid at Maryland Institute College of Art

Veterans and active-duty service members may qualify for substantial federal education benefits including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.

GI Bill recipients 59
Avg GI Bill amount $25,248.00

Explore GI Bill and military aid in detail on the veteran aid breakdown.

Questions to Ask Before You Commit

Use the figures above as a launch point, then think through Maryland Institute College of Art, think through the questions below:

Keep Researching on Maryland Institute College of Art

Each page below covers one part of paying for college in more detail:

Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.

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