Institutional Information

Institutional Financial Information

Fiscal Year 2023 Financial Summary
Fiscal Year 2023 Audited Financial Statement

Fiscal Year 2022 Financial Summary
Fiscal Year 2022 Audited Financial Statement

Fiscal Year 2021 Financial Summary
Fiscal Year 2021 Audited Financial Statement

Fiscal Year 2020 Financial Summary
Fiscal Year 2020 Audited Financial Statement

Fiscal Year 2019 Financial Summary
Fiscal Year 2019 Audited Financial Statement

Financial information about Montserrat College of Art is available by contacting the business office for an appointment during normal office hours, 9-5 p.m.

Contact:
Lisa Shawney, Dean of Finance and Administration
[email protected]
978-921-4242 x 1175

Fall 2023 Montserrat College of Art Enrollment Overview & Institutional Information

Entry Level, New Students
First-Time, First-Year Students – 82%
Transfer Students – 18%

Region, New Students
Massachusetts – 62%
Other New England – 15%
Outside New England – 23%

Gender (as per IPEDS Guidelines), New Students
Female – 72%
Male – 28%

Resident Status, New Students
On-Campus Residents – 76%
Off-Campus Commuters – 24%

Fall 2022 Race/Ethnicity (as per IPEDS Guidelines)
American Indian or Alaska Native – 1%
Asian – 3%
Black or African American, non-Hispanic – 3%
Hispanic – 12%
Native Hawaiian or Other Pacific Islander – 1%
Non-Resident Alien – 1%
White, non-Hispanic – 53%
Two or More Races – 4%
Race and Ethnicity Unknown – 22%

First-Generation Students
Fall 2023 First-Time, First-Year Students – 40%

Pell Grant Recipients
All Undergraduate, Degree-Seeking Students, Fall 2023 – 33%

Retention & Graduation Rates for First-Time, First-Year Students
Retention and graduation rates are recorded for first-time, first-year students. Retention rates are recorded annually. Graduation rates are recorded in six-year increments, allowing for students to complete their studies within 1.5 times of program length.

According to the data from the National Student Clearinghouse:
The Overall Average for First-to-Second Year Retention Rates for Beginning Postsecondary Students is 66.2%
The National Average for Six-Year Completion (Graduation) Rates for 2006-2015 Entering Cohorts is 62.2%

Montserrat College of Art’s First-to-Second Year Retention Rate for First-Time, First-Year Students:
Entry Fall 2015 – 79%
Entry Fall 2016 – 81%
Entry Fall 2017 – 82%
Entry Fall 2018 – 71%
Entry Fall 2019 – 79%
Entry Fall 2020 – 80%
Entry Fall 2021 – 81%
Entry Fall 2022 – 75%

Montserrat College of Art’s Six-Year Graduation Rate for First-Time, First-Year Students:
Entry Fall 2010 – 60%
Entry Fall 2011 – 57%
Entry Fall 2012 – 55%
Entry Fall 2013 – 58%
Entry Fall 2014 – 65%
Entry Fall 2015 – 63%
Entry Fall 2016 – 62%
Entry Fall 2017 – 62%

*rates currently in progress and will be finalized after add/drop

Student Financial Aid  
 
Montserrat students median total debt after graduation$27,000
National Average student loan debt per borrower$32,731
National median student loan debt$17,000
  
Montserrat: % of students with federal loan debt78%
Montserrat: % of students receiving institutional aid100%
  
Montserrat Average Annual Cost$31,313
  
sources: US Department of Education; US Federal Reserve 2019 – 2020