by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Milwaukee Institute of Art & Design can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can MIAD provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Milwaukee Institute of Art & Design.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Milwaukee Institute of Art & Design, 100% of the incoming full-time class was awarded financial aid some 200 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $26,015 |
| Institutional grants & scholarships | 100% | $21,960 |
| Federal Pell grants | 41% | $5,875 |
| State/local grants | 38% | $4,032 |
| Federal student loans | 81% | $5,624 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MIAD, around 100% of undergraduates were awarded grant or scholarship aid averaging $25,182 (covering around 884 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,182 |
| Federal Pell grants | 37% | $5,738 |
| Federal student loans | 78% | $7,015 |
Title-IV recipients living on campus saw average grant aid of $26,987.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,925 |
| $30,001 – $75,000 | $22,921 |
| Over $75,000 | $31,253 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,541 |
| Off-campus title-IV students | $27,514 |
To get a personalized net price estimate, try MIAD’s online cost calculator: www.miad.edu/net-price-calculator.
The median federal debt load at MIAD comes to $15,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at MIAD.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,000 |
| 75th percentile | $29,500 |
| 90th percentile (highest-debt students) | $37,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,500 |
| Middle income | $19,250 |
| High income | $15,875 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,250 |
| Continuing-generation students | $16,978 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,750 |
| Independent students | $18,125 |
These indicators are derived from the underlying debt data and summarize the overall picture at MIAD.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at MIAD:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3630 |
| Total Stafford loan amount | $68,617,493 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $101,987 |
| Average GI Bill amount per recipient | $16,998 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.