Myth Busting

The financial aid process should not be mystifying. So let's bust a few myths.


Myth 1

 

 

 
Fact: 98% of MIAD students receive financial aid.



 Myth 2

Fact: Although the primary responsibility to pay for college rests with you and your family, MIAD's Financial Aid staff is here to help you every step of the way.

Our approach to helping you fulfill your dream is part of the college's personalized learning community, from the inspiring faculty who will challenge, mentor and guide you to the staff and trustees who will relentlessly support your goals. Get to know us now!

 

Myth 3

Fact: The affordability of a MIAD education is not just about the cost of tuition and fees or the financial aid you receive; it is also about the affordability and opportunity-rich vibrancy of the city and neighborhood in which the college is located.

MIAD is located in the Historic Third Ward - a neighborhood recently named one of America's Top 12 ArtPlaces. The Third Ward is one of the most desirable creative neighborhoods in the city with numerous design firms and galleries. Yet Milwaukee also offers affordable living and great amenities - all of which will positively affect your budget and opportunities during your studies and after graduation.

Myth 4

 

Fact: To help fulfill your dream of becoming the kind of innovative visual artist or designer for which MIAD is known, we have streamlined our admissions and financial aid process to maximize funds for qualified first-time freshmen and transfer students.

Admissions decisions are made on a rolling basis. MIAD merit scholarship decisions are made on a rolling basis beginning December 15. All students accepted for admission are automatically considered for MIAD merit scholarships.

If you are planning on entering MIAD in the fall semester, please complete your admissions and financial aid forms as soon as possible. That way we can consider you for a scholarship and help you understand, and receive, the other types of financial aid for which you may qualify. We are committed to working with you and providing you the information you need to make an informed decision about your MIAD education as early as possible. Click here for Important Admissions Dates and Deadlines.

Myth 5

 

Fact: All families - and transfer students - should complete the Free Application for Federal Student Aid (FAFSA) as part of the MIAD financial aid process because everyone who files the FAFSA is eligible to receive some sort of financial aid. Without filing this form, MIAD can only consider you for a merit-based MIAD scholarship, and you could miss out on various other types of financial aid that provide qualified students the opportunity to attend MIAD.

The FAFSA application does not consider the value of your home or your retirement savings, but does take into account the number of children in your family attending college and special circumstances. Even college savings funds usually do not disqualify students for financial aid. Continuing students must file their FAFSA each year of attendance to be eligible for need-based aid.

When you file the FAFSA, the federal government uses a federally mandated formula to determine your expected family contribution (EFC) to your education. By using MIAD's school code on the FAFSA 014203, the results come to us in the Financial Aid Office, where we work to help bridge the difference between your educational costs and your expected family contribution to your education and future.

Regardless of which colleges you apply to, your expected family contribution does not change. Therefore, your potential for financial aid increases at colleges that appear to have higher costs.

Now that we've busted financial aid myths Let's Get Started!

 

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