by our College Data Analytics TeamMost students will never be charged 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 price tag of going to The Modern College of Design can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does The Modern College of Design offer, and what will you qualify for? Keep scrolling for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at The Modern College of Design.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at The Modern College of Design, 100% of first-time, full-time freshmen received some form of financial aid approximately 57 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $8,016 |
| Institutional grants & scholarships | 95% | $4,547 |
| Federal Pell grants | 53% | $5,551 |
| State/local grants | 5% | $5,498 |
| Federal student loans | 93% | $5,663 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At The Modern College of Design, approximately 88% of undergrads got grants or scholarships worth on average $7,549 (across roughly 172 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,549 |
| Federal Pell grants | 53% | $4,676 |
| Federal student loans | 86% | $6,721 |
For on-campus title-IV students, average grant aid came to $7,870.
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 | $33,254 |
| $30,001 – $75,000 | $36,173 |
| Over $75,000 | $35,541 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $39,359 |
| Off-campus title-IV students | $34,709 |
For a customized cost estimate, visit The Modern College of Design’s net price calculator: themodern.edu/tuition/net-price-calculator/.
Graduating students at The Modern College of Design carry a median federal student debt of $12,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at The Modern College of Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,000 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $16,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,000 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. The Modern College of Design.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at The Modern College of Design:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1093 |
| Total Stafford loan amount | $11,650,157 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $88,998 |
| Average GI Bill amount per recipient | $14,833 |
References
More about our data sources and methodologies.