Additional Financing Resources

In addition to the federal and MICA aid you may be eligible to receive, we suggest you visit the following sources to acquire additional information about aid sources.

State-Sponsored Aid

Most states provide aid programs. Some states give students the option of using state-sponsored aid at MICA. Please contact your state education department to understand how your state aid programs operate.

Special Note to Maryland Residents

A variety of scholarships and grants are available to residents of Maryland. Information, required applications, deadlines, and instructions may be obtained from:

Maryland Higher Education Commission
Office of Student Financial Assistance
839 Bestgate Road, Suite 400
Annapolis, MD 21401
410-260-4565 or 1-800-974-1024
www.mhec.state.md.us

Tuition Installment Plan

To help plan for the year's educational expenses, MICA has authorized Academic Management Services (AMS) to offer a monthly tuition installment plan. The AMS TuitionPay Plan allows you to pay all or part of your academic year educational expenses in monthly installments.

For more information, contact an AMS representative designated to work with MICA families by calling 1-888-829-3880, ext. 6422, or visit their website: www.tuitionpay.com.

Outside Scholarships

Free scholarship searches are available at the following websites:
www.ScholarAid.com
www.wiredscholar.com
www.finaid.org

Additional Financial Aid Information

Fast Web
Smart Student Guide Financial Aid
The Student Guide

Educational Tax Credit Information

The Taxpayer Relief Act of 1997 offers good news for MICA parents and students. The act provides a package of tax credits, interest deductions, and penalty-free IRA withdrawals. Detailed information about the various aspects of the act is provided on the following websites. Additional information may also be obtained from your tax advisor.