This guide will be useful for families of first-year and transfer undergraduate students who opt not to apply for federal student aid and those who want to finance the difference between their students MICA Aid offer and the entire cost of attendance. It includes descriptions and other useful information about a range of financing options, such as:
- A Monthly Tuition Installment Payment Plan that allows you to make monthly payments for semester college expenses rather than two lump sum payments each year.
- Federal Grants for families with exceptional financial need.
- Loan Programs that allow you to finance all or part of college costs.
- Federal Tax Benefits such as the American Opportunity Tax Credit or Life-time Learning Tax Credit, or deductions for interest on loans to students and parents.
All the plans specified in this guide are reputable. MICA boasts a highly skilled team of financial aid professionals, each possessing a wealth of experience in the profession. Additionally, every student at MICA is provided a dedicated Personal Financial Aid Counselor, who is always available during business hours to address any inquiries or concerns pertaining to financial aid.