Cost & Aid for MA in Studio Art
IMPORTANT: This estimate is based on two semesters (one academic year) of this program for a student who is residing on campus.
US students, 2019-20
| Annual Cost of Attendance and Typical Financial Aid | |
|---|---|
| Tuition and fees | $29,530 |
| Housing (single room) and meals | $7,400 |
| Grants and scholarship (maximum) | -$13,330 |
| Net program cost per year | $23,600 |
| Federal student loans | -$23,600 |
| Your payment | $0 |
- Personal Expenses and Books Federal student loans are available to cover the additional estimated cost of $6,800 per year.
- Scholarship The amount of available scholarship varies by student category. For example, the amount listed above is automatically provided based on FAFSA results for a student who is in-residence with 12 or more credits per semester.
- Federal Student Loans Your FAFSA automatically qualifies you for the majority of federal student loans for this program. The remaining portion is composed of Federal Graduate PLUS loans which require “no adverse credit” or an endorser. Repayment begins after your enrollment ends.
- Education Tax Incentives There are a variety of money-saving tax benefits to assist in reducing the cost of education expenses. More about education tax benefits
- Veterans should contact the VA for information on Veterans Education Benefits. MIU is a Yellow Ribbon school. Our Veterans Certifying Official is our Director of Financial Aid.
Repayment Options
The repayment choices on federal student loans include the following:
Standard
Payments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).
Extended
Payments may be fixed or graduated and will ensure that your loans are paid off within 25 years.
Graduated
Payments are lower at first and then increase, usually every two years, and are for an amount that will ensure your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).
Income-Based
Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan.
Income Contingent
Payments are recalculated each year and are based on your updated income, family size, and the total amount of your Direct Loans. Any outstanding balance will be forgiven if you haven’t repaid your loan in full after 25 years.
Income Sensitive
Your monthly payment is based on annual income, but your loan will be paid in full within 15 years.
Questions? Our Financial Aid Office is happy to assist you. Contact us at finaid@miu.edu for a quick reply — normally one business day — or see more about financial aid.
International students, 2019-20
| Annual Cost of Attendance and Typical Financial Aid | |
|---|---|
| Tuition and fees | $29,530 |
| Scholarships | ($17,724) |
| Net cost of tuition and fees | $11,806 |
| Housing (single room) and meals | $7,400 |
| Health Insurance (estimate) | $2,784 |
| Personal expenses, books, unexpected needs (estimate) | $3,500 |
| Estimated net price | $25,490 |
For more information, please email intadmis@mum.edu or call Admissions at (641) 472 1110.