Undergraduate Financial Aid

How to Apply for Financial Aid

Financial aid awards are only offered to students who have been accepted for admission. However, applicants should not wait for an admission decision before beginning the financial aid process.
Financial Aid applications submitted between October 1, 2018 and March 1, 2019 will receive priority funding consideration.

 


Financial Aid Application Procedures

Step 1: Application for Admission

Complete and submit your Undergraduate Admission Application using the CommonApp.

Step 2: FAFSA

Submit the Free Application for Federal Student Aid (FAFSA).

MICA's Federal School code is 002080.

Step 3: MICA Undergraduate Financial Aid Application

Complete and submit the MICA Undergraduate Online Financial Aid Application.


Prospective First Year Students

Class of 2022 Applying For Aid 2018-19 Academic Year

MICA requires the FAFSA as well as our own MICA Financial Aid Application. A complete Financial Aid application consists of a valid FAFSA , a MICA Financial Aid Application and any other individual documents as required. You will have an assigned Financial Aid counselor to help you from start to finish.

Early 2019-20 FAFSA Available October 1 

You may be aware that the Free Application for Federal Student Aid (FAFSA) will become available for completion earlier than in past years. The 2019-20 FAFSA will be available October 1, 2018. All colleges will require the FAFSA as the basis for determining eligibility for most sources of need-based aid. We encourage all new students to file the FAFSA as soon as possible after October 1, 2018. The sooner you begin the process, the sooner MICA can begin to search for funds for you.

Online FAFSA Submission and the IRS Data Retrieval Tool

Complete the FAFSA at fafsa.ed.gov. MICA's school code is 002080. You and your parents should use the IRS Data Retrieval Tool (DRT) on the FAFSA application to transfer 2017 federal income tax data from the IRS onto the FAFSA automatically. Using DRT results in fewer errors and less paperwork and forms required by the federal government. Be sure to use the exact address (including abbreviations) as it appeared on the 2017 federal income tax return to transfer the data successfully.

Scholarship Applications

All prospective students are encouraged to complete Financial Aid applications as well as Admission Competitive Scholarship applications. Completing both applications will give you the best opportunity to understand all the financial resources available to you. Admission Competitive Scholarship applications are due February 1. MICA-sponsored scholarships have always been a significant piece in our financial aid packages. Students who choose to apply through Early Action are automatically considered for early merit awards (see timeline) and any awards won through the Admission Competitive Scholarship Competition will be added to their Early Financial Aid awards and in a FINAL AWARD the first week of April.


Information Important to Consider in Making Your College Selection

Financial decisions are only one important factor in deciding which college to attend. Value is another important factor. Be a wise consumer. Make sure you assess and compare value factors for each college you are considering. Value factors include Retention Rates, Graduation Rates, Student Loan Default Rates, Employed or in Graduate School one year after graduation. MICA's Value is evident in the following current statistics:

  • Retention Rate - 87%
  • Graduation Rate - 73%
  • Default Rate - 2.2%
  • Working or in Graduate School One Year after Graduation - 95%

Questions? We can help.

Office of Financial Aid

Location

Bunting Center 1401 W. Mount Royal Baltimore, MD 21217