$46,870

Tuition

$64,910

Cost of Attendance

$42,314

Net Price

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Maryland Institute College of Arts (MICA) Tuition and Fees

Maryland Institute College of Art is a prominent educational institution known for offering a range of undergraduate and postgraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at MICA is quite high compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $50,330, which includes the total tuition fees and other expenses. The housing costs $13,720, books and supplies cost $1,500, while the other expenses add up to $1,525.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$48,630$48,630
Book & Supplies$1,500$1,500
Room & Board cost$13,280$13,280
Other Expenses$1,500$1,500
Total Cost of Attendance$64,910$64,910

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. For students attending the university, the total tuition and fees for one year add up to about $50,330. Apart from that, they should also pay an average amount of $1,500 toward books and supplies, $12,170 for room and boarding charges, and $1,525 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at MICA is around $65,525, as per the available information.

Average Net Price by Family Income

Net Price

$42,314

Family Income

Avg. Net Price

$0 to $30,000

$32,865

$30,001 to $48,000

$38,035

$48,001 to $75,000

$43,150

$75,001 to $110,000

$42,419

$110,000+

$43,870

The net price of attending Maryland Institute College of Art is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. So, it all essentially depends on the family income bracket of the student. At MICA, the average net price is estimated to be around $42,750. For students with a family income below $30,000, the estimated net price is $30,982, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $33,983. Meanwhile, the net price stands at $38,411 for the $48,001-$75,000 income bracket and at $42,643 for an income between $75,001 and $110,000. This amount adds up to $44,967 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$135,428

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,405

Total interest paid

$33,226

Sum of Loan Payments

$168,654

To have a realistic understanding of how much it will cost to study at Maryland Institute College of Arts (MICA) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $135,428 for example. This will result in a $16,865 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $168,654 which is $33,226 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$48,630$48,630
Room & Board Cost$13,280$13,280
Total Tuition & Fees$61,910$61,910

At Maryland Institute College of Art, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $50,330 in a year. They would also be required to pay around $12,170 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the college totals about $65,525 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$46,870$46,870
Fees$1,760$1,760

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MICA, the amount stands at $50,330 per year. Of this amount, $48,510 accounts for the graduate tuition and the remaining $1,820 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$1,950
Undergraduate2018 - 2019$1,950

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Maryland Institute College of Art varies between graduate and undergraduate degrees. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $838 and the undergraduate cost per credit hour at $387.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$13,280$10,470
Other Expense$1,500$1,500
Book & Supplies$1,500$1,500

As far as the housing and related charges at MICA are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $15,245 per year for on-campus housing and $12,145 a year for off-campus lodging facilities. The room and boarding charges for on-campus students come to around $13,720, while the off-campus candidates would need to pay $10,620. Coming to the books and supplies charges, the students will be required to pay an amount of $1,500. Meanwhile, the other expenses that a student needs to plan for add up to $1,525.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$13,280

Off Campus

$10,470

Housing & Other Expenses

Other Expenses

On Campus

$1,500

Off Campus

$1,500

Housing & Other Expenses

Book & Supplies

On Campus

$1,500

Off Campus

$1,500

As far as the housing and related charges at MICA are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $15,245 per year for on-campus housing and $12,145 a year for off-campus lodging facilities. The room and boarding charges for on-campus students come to around $13,720, while the off-campus candidates would need to pay $10,620. Coming to the books and supplies charges, the students will be required to pay an amount of $1,500. Meanwhile, the other expenses that a student needs to plan for add up to $1,525.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Masters $36,220 NA

Maryland Institute College of Arts (MICA) offers 3 online programs across 3 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MICA are projected to cost around $329,998 as per official data. In contrast, the total expenses for undergraduate students amounted to $42,750 in 2018-2019, $42,314 in 2017-2018, and $41,386 in 2016-2017.

Explore Programs by Major

Fine ArtsMedia StudiesBusiness ManagementDesign

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