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Costs and Financial Aid

Memphis College of Art realizes that entering into a graduate program requires a significant investment of time, creativity, and financial resources. To that end MCA provides financial assistance in three forms:  academic scholarships that require no repayment, loans that usually have deferred payments at low interest rates, and Work Study based on merit. Students will be notified of merit awards and Work Study along with acceptance replies.

COSTS:

 

MFA and MAT graduate tuition and fees for one year (2007 - 2008 academic year) are $21,560.
 

MAArtEdtuition is $390 per credit hour, no institutional scholarships are awarded toward this already discounted rate.  Only student loans may be available for MAArtEd students taking six or more credit hours (see federal aid).

Beyond tuition and fees, we estimate a student’s budget for one year based on payment of room and board, personal expenses such as transportation, clothing, and books/art supplies.

 

MFA / MAT GRADUATE BUDGET (2007 - 2008):


Cost of attending MCA in 2007 - 2008. Other than tuition costs, expenses will vary greatly depending on personal preference and restraint.

Tuition and fees for one year
$21,560
Art supplies and books (estimated)
$2,400
Housing (estimated)
$5,760
Food (estimated)
$1,840
Personal expenses (estimated)
$3,760
 
________
TOTAL
$35,320

 

FINANCIAL AID:

How to apply for Institutional and Federal Aid:

A student need only submit all required application materials to be considered for institutional scholarships, grants, and work study. Students will be notified of merit/portfolio awards along with acceptance notification. MCA awards are determined by admissions review ranking.

Eligibility for Federal Aid is determined upon receipt of a completed Free Application for Federal Student Aid (FAFSA). Parental information is not needed on this form, as all graduate level students are considered independent.

Federal student loans are available to graduate students. Also, many lenders offer credit-based alternative educational loans.

Graduate students may also be awarded Federal or College Work Study through the admissions and financial aid process. An average yearly allotment of $1,000 is usually awarded allowing the student to work during the academic year and in some cases during the summer months. Work Study is paid in the form of a paycheck at a rate of $7.50 per hour.

International students are not eligible for federal or state aid.

 

To complete and file the FAFSA form, students should go online at www.fafsa.ed.gov.

Additional information is available at www.ed.gov.

Applications are also available from the MCA Financial Aid Office.

The MCA required federal code is 003507.

 

Special Circumstances:

If you have a unique financial situation, please contact our Financial Aid Office at 1-800-727-1088 or locally at 901-272-5136. We’re happy to provide assistance.

 

MCA Scholarships:

MFA and MAT students are eligible for merit scholarship awards. Graduate scholarships range from $2,500 per year to full-tuition and are renewable each year based on maintaining a cumulative grade point average (GPA) of at least 3.0. If the GPA is not maintained, the scholarship will be reinstated the semester after the required GPA is reached. These awards are based on full-time attendance and will be pro-rated for part-time enrollment.

 

Admissions scholarship awards for the 2007 - 2008 school year:

Menke Full-Tuition Scholarship
$21,000


 

Graduate and Teaching and Assistantship Opportunities:

MFA students interested in developing and using teaching skills may be given the opportunity to work with one of the undergraduate faculty as a Teaching Assistant for an existing course. Teaching Assistantships are awarded $1,000 off tuition for the semester.

A Graduate Assistantship can be awarded to a full-time MAT student for a tuition award of $1,000 per semester.  This assistantship requires 6 to 8 hours of work per week under the direction of Dr. Cathy Wilson, Director of Graduate Studies in Education.  This award may be renewed on a semester-by-semester basis.


Outside Scholarship Opportunities:

MCA recommends that students do some research to find available scholarships sponsored through organizations and companies. These scholarships can be located via the internet by free online searches. Other potential resources are parent’s employers, churches, or other organizations in which a family might be active. MCA distributes scholarship application information received by the financial aid office to eligible enrolled students.

 


MEMPHIS COLLEGE OF ART, 1930 POPLAR AVENUE, OVERTON PARK, MEMPHIS, TN. 38104 (901) 272-5100