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Maryland Institute College of Art

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Is MICA a Good School for the Money?

Maryland Institute College of Art Value Report

College Factual set out to determine if MICA is asking a fair price for the quality of education they provide. Keep reading for the detailed value report.

Within Maryland, MICA Offers Good Quality for a High Price.

Below Average Maryland Value
Top 50% Maryland Quality

Maryland Institute College of Art is ranked #10 out of #26 in Maryland for quality and #19 out of #23 for Maryland value.

This makes it a good quality, but overpriced in the state.

State Value Ranking  19 out of 23
Overpriced
Great Value
State Value Score  17.39 out of 100
Overpriced
Great Value

Do you qualify for in-state tuition? Check the MICA financial aid page to be sure.

Below Average Value Nationwide

Below Average National Value
Top 25% National Quality

Maryland Institute College of Art is ranked #1,138 out of 1,472 for value nationwide.

Based on our analysis of other colleges at similar price points, we believe Maryland Institute College of Art is overpriced for the quality education it provides. (This takes into account average financial aid and may not apply to you if you have further scholarships, grant or aid provided to you.)

National Value Ranking  1138 out of 1472
Overpriced
Great Value
National Value Score  22.69 out of 100
Overpriced
Great Value

Prices of Institutions with Similar Quality Scores

School Total Price Value Grade
St. John’s College $61,588 A+
Albion College $117,209 A
Simpson College $130,246 A-
East Carolina University $132,876 A-
University at Albany $138,790 B+
University of Louisville $149,901 C+
Moravian College $174,133 D
High Point University $187,477 D-
Maryland Institute College of Art $192,380 D-
Massachusetts College of Pharmacy and Health Sciences $210,017 F

*Total price is determined by multiplying average annual cost by time to graduate.

That Degree May Cost You $192,380 in Total

On average, a bachelor's degree from MICA will cost you about $192,380. This is based on an average price (with and without aid) of $46,922 and a typical 4.1 years to graduate.

Amount
Average Yearly Cost $46,922
Average Years to Graduate 4.1
Estimated Avg Total Cost of Degree $192,380

Many Factors Affect Net Price

Depending on your personal circumstances, your net price may be well below the average MICA net price, which could make this school a better value. You may quality for more financial aid, or be able to complete your degree faster than average. Get more details on MICA cost.

Does This School Make Financial Sense To You?

$188,030 In-State With Aid
$275,008 Avg Cost No Aid
4.1 Years to Graduate

The overall price of a college can vary depending on your individual circumstances.

Look at the table below to determine your likely cost of a bachelor's degree at MICA.

Nationwide Value by Aid Group Avg Degree Cost Value Rank Value Grade
Students with no Aid $275,008 #1,157 D-
All Students $192,380 #1,138 D-
Only Students Receiving Aid $188,030 #1,208 F
In-State Value by Aid Group Avg Degree Cost Value Rank Value Grade
Students with no Aid $275,008 #16 D
All Students $192,380 #19 F
Only Students Receiving Aid $188,030 #19 F

Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Maryland.

About 93% of MICA students receive financial aid. Get more details on what MICA financial aid you may qualify for.

How to Calculate Value

College Factual calculates average total cost by multiplying net price by time to graduation. We then compare the average total cost to other schools of a similar quality to determine value. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.

Read the full Best for the Money Ranking Methodology.

References

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