$38,670

Tuition

$52,248

Cost of Attendance

$28,074

Net Price

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Minneapolis College of Art and Design (MCAD) Tuition and Fees

Minneapolis College of Art and Design offers undergraduate and postgraduate programs across different fields, providing quality education to students. The expense of education here is very moderate, compared to the tuition fees charged by different colleges. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $40,396, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing facilities, books and supplies, and other expenses cost $8,156, $3,060, and $2,152, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$39,120$39,120
Book & Supplies$2,982$2,982
Room & Board cost$7,986$7,986
Other Expenses$2,160$2,160
Total Cost of Attendance$52,248$52,248

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. The total tuition and fees for students attending Minneapolis College of Art and Design come out to be around $40,396 per year. Apart from that, they should also pay an average amount of $3,060 toward books and supplies, $8,156 for room and boarding charges, and $2,152 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at MCAD is around $53,764, as per the available information.

Average Net Price by Family Income

Net Price

$28,074

Family Income

Avg. Net Price

$0 to $30,000

$23,067

$30,001 to $48,000

$23,520

$48,001 to $75,000

$24,249

$75,001 to $110,000

$29,143

$110,000+

$33,469

The net cost of attending Minneapolis College of Art and Design – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. So, it all essentially depends on the family income bracket of the student. At MCAD, the average net price is estimated to be around $28,848. The net price for students with an annual family income below $30,000 is reported to be around $24,434. For the individuals who come under the $30,001-$48,000 income category, the net cost is $23,848. Meanwhile, the net price stands at $26,469 for the $48,001-$75,000 income bracket and at $27,772 for an income between $75,001 and $110,000. This amount adds up to $34,643 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$114,520

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,188

Total interest paid

$28,096

Sum of Loan Payments

$142,616

To have a realistic understanding of how much it will cost to study at Minneapolis College of Art and Design (MCAD) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $114,520 for example. This will result in a $14,262 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 $142,616 which is $28,096 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$39,120$39,120
Room & Board Cost$7,986$7,986
Total Tuition & Fees$47,106$47,106

At Minneapolis College of Art and Design, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $40,396 per year. Alongside that, they will likewise need to shell out around $8,156 toward their room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $53,764.

Graduate Tuition and Fees

In-stateOut-State
Tuition$38,670$38,670
Fees$450$450

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MCAD, the amount stands at $40,396 per year. This includes $39,946 for the graduate tuition as well as an amount of $450 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$1,612
Undergraduate2018 - 2019$1,612

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 Minneapolis College of Art and Design varies between graduate and undergraduate degrees. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $673 and the undergraduate cost per credit hour at $310. At present, Minneapolis College of Art and Design also offers various online programs to students across as many as 14 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$7,986$7,986
Other Expense$2,160$2,160
Book & Supplies$2,982$2,982

Now, coming to the lodging and related expenses at MCAD, the actual amount to be paid remains the same irrespective of whether the candidate opts to live on-campus or off-campus. The housing facilities will cost students around $10,308 per year. On the other hand, the room and board charges that the students have to pay total around $8,156 per year. On the other hand, the charges toward books and supplies come to around $3,060. Apart from these, the other expenses that a candidate needs to plan for add up to around $2,152.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$7,986

Off Campus

$7,986

Housing & Other Expenses

Other Expenses

On Campus

$2,160

Off Campus

$2,160

Housing & Other Expenses

Book & Supplies

On Campus

$2,982

Off Campus

$2,982

Now, coming to the lodging and related expenses at MCAD, the actual amount to be paid remains the same irrespective of whether the candidate opts to live on-campus or off-campus. The housing facilities will cost students around $10,308 per year. On the other hand, the room and board charges that the students have to pay total around $8,156 per year. On the other hand, the charges toward books and supplies come to around $3,060. Apart from these, the other expenses that a candidate needs to plan for add up to around $2,152.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Certificate NA NA
Certificate NA NA
Masters $39,946 NA

Minneapolis College of Art and Design (MCAD) offers 8 online programs across 2 Majors.

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the college is estimated to be around $270,708. In contrast, the total expenses for undergraduate students amounted to $28,848 in 2018-2019, $28,074 in 2017-2018, and $27,182 in 2016-2017.

Explore Programs by Major

Computer ScienceArts

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