$4,755

Avg. Federal Grant

$5,675

Avg. Federal Loan

$5,393,920

Total Aid Awarded

Memphis College of Art Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$5.394M

Financial Aid Official Website

www.mca.edu

Notably, a number of students enrolled in Memphis College of Art opt for some kind of financial aid every year. Also, the total amount of assistance/loans provided adds up to around $668,764. On the other hand, the average aid received by the Pell Grant awardees is $4,970. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

57%

Institution Grant Aid

100%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,755

State Grant Aid

$5,017

Institution Grant Aid

$12,623

Pell Grant

$4,555

Student Loans for Memphis College of Art

Average Loan Amount Average Loan Amount received per year.

$6,527/Year

Students Taking Out Loans

79%

Loan Default Rate

19%

Other Colleges In Tennessee

Belmont University which is a private, Interdenominational university, is located in Nashville, Tennessee. Belmont University is home to an ethnically diverse student body. At BU around 80% are white, 6% belong to Hispanic ethnicity, and 5% are Black or African American. Further, around 95% of th

Nashville, Tennessee 4 years Private Not-For-Profit

#N/A

Nashville, Tennessee 4 years Private Not-For-Profit

#N/A

Cleveland, Tennessee 4 years Private For-Profit

Other Colleges In Memphis

Located in Memphis, Tennessee, Rhodes College is a private, Presbyterian Church (USA) university. At Rhodes College, around 99% of the students are 24 and under. And, when it comes to gender distribution at the varsity, around 58% of the students are females and 42% are males. Finally, at RC arou

Memphis, Tennessee 4 years Private Not-For-Profit

The University of Tennessee Health Science Center, which is located in Memphis, TN is a public university. The University of Tennessee Health Science Center was founded in the year 1911. Out of total 2,851 students enrolled at TUTHSC, 297 belong to undergraduate courses while 2,955 are postgradua

Memphis, Tennessee 4 years Public

#N/A

Memphis, Tennessee 4 years Private Not-For-Profit

Other Private not-for-profit Colleges

Independence University is a private university located in Salt Lake City, UT. The Independence University is part of the Center for Excellence in Higher Education group. It was in 1978 when the Independence University was founded. The motto of the Independence University is Education Online for a B

Salt Lake City, Utah 4 years Private Not-For-Profit

Initially, the university was a for-profit university, until Arthur Keiser sold the institute to Everglades College Inc. in 2011 and turned it into a non-profit entity in the process. Funnily enough, the latter is also a non-pr

Fort Lauderdale, Florida 4 years Private Not-For-Profit

The university is a 100% online university. The online programs are designed to be easily incorporated into the busy schedules of working adults and professionals, seeking to gain in-depth knowledge in a particular subject or to expand career opportunities and personal potential.

Irvine, California N/A years Private Not-For-Profit