New Students

Scholarship Policy

The information in this policy serves as a guide to understanding how your MICA student aid works, and your responsibilities to receive a renewal of your scholarship in future years. Please read the policy thoroughly to understand the terms of your scholarship. If you received more than one scholarship from MICA, this policy applies to all of your scholarships.

Your total scholarship award is scheduled to be distributed evenly over four years beginning Fall 2024. A tuition credit of one fourth the total MICA student aid awarded will automatically be credited to your MICA student account each of the four years. The following criteria must be met for your MICA Scholarship to be renewed each year:

1. You are registered as a full-time undergraduate student. Full-time enrollment at MICA is defined as 12 or more credits per semester. Note that to complete your degree within four years as an entering first-year freshman, the typical course load is at least 15 credits per semester in order to complete 120 credits over 4 years.

2. You may receive a scholarship for a maximum of 4 years (8 semesters) if you begin as a first-year freshman. Transfer credits or advanced standing may reduce the length of your eligibility. For instance, a student who enters with sophomore standing will be eligible for 3 years (6 semesters) maximum.

3. You must remain in good academic standing and maintain the high standards of personal conduct expected of all students in the MICA community.
     a. Academic standing is reviewed annually. If you are in good academic standing, your scholarship will be automatically renewed.
     b. The Student Affairs Office will notify Financial Aid if there is a serious non-academic conducting violation resulting in your suspension or expulsion from the College. If you are suspended or expelled, your scholarship will be revoked.

To receive your scholarship, you must attend MICA beginning in the Fall 2024 semester. To indicate your commitment to attend you must pay your tuition deposit by May 1, 2024 for Fall Admission.

If offered, MICA need-based grants are renewable annually. Each year, students must submit a FAFSA and meet the above requirements.

Updated: February  2024