by our College Data Analytics TeamMany students attending The Modern College of Design can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by The Modern College of Design and determine which ones you may be eligible for by continuing your exploration.
The Modern College of Design average financial aid offer for freshmen students is $5,117.00. Financial aid is provided to about 88% of first-year students, with the bulk of support coming in the form of loans.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at The Modern College of Design.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by The Modern College of Design.
38% of first-year students (33 total) were offered scholarships at The Modern College of Design, averaging $4,621.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 34% of first years (30 total) were awarded federal grant aid, averaging $3,956.00 each.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.91% | $7,542.00 |
| Income 30k-48k | 6.82% | $5,388.00 |
| Income 48k-75k | 15.91% | $2,330.00 |
| Income 75k-110k | 7.95% | $1,869.00 |
| Income 110k + | 4.55% | $1,094.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 88 undergraduate students at The Modern College of Design around 88% (53 total) receive some form of grant aid. The typical amount awarded was $5,117.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.