Our preferred filing date for the Free Application for Federal Student Aid (FAFSA) is March 1^st though we continue to review applications for aid well after that date. Applications received after March 1^st will be reviewed on a funds available basis. Please note that the FAFSA must be completed each year that a student wishes to be considered for federal, state, and institutional need based aid.

• Montserrat College of Art’s FAFSA school code is 013774.
• If chosen for verification documents are due by July 1 BEFORE the school year begins.

Presidential Scholarships
All applicants who complete requirements for admission by preferred deadlines are eligible to be considered for one of Montserrat’s merit-based scholarship opportunities. These scholarships are based on the applicant’s portfolio and academic achievement. Students are informed of their Presidential Scholarship in their acceptance letter for admission.

Full Tuition Scholarships
Montserrat College of Art offers a limited number of full tuition scholarships to those students who have significant academic achievement, demonstrate strong artistic talent and showcase qualities that prove they are an ideal match for Montserrat’s environment both in and outside the classroom. Students are automatically considered for Montserrat’s Full Tuition Scholarships when they apply for admission to the College and are notified of this achievement in their acceptance letter.

William and Mary Wasserman Scholarship
The William and Mary Wasserman Scholarship is an $20,000 yearly award, renewable for four consecutive years for a total of $72,000. Montserrat is proud to present this scholarship for up to three students on an annual basis.  Eligible students must exhibit strong artistic and academic achievement, and they must also demonstrate high need for financial support and come from a diverse background.  Each year, the recipient(s) will be selected at the time of admission to the college and will be notified of the award in their acceptance letter. A longstanding Board of Trustee member, Bill Wasserman is dedicated to providing opportunities for underserved students while enhancing the creative culture of Montserrat’s student body.

Beverly Scholarship
Montserrat College of Art offers all Beverly citizens who meet the admission requirements for the 2019/2020 academic year, a $20,000 scholarship each year for 4 years if they enroll as a full-time student. This applies to permanent citizens of Beverly who have lived in Beverly for a minimum of 2 years prior to attending Montserrat. This special scholarship is in recognition of the College’s interest to give back and educate artists in our community. This scholarship directly reduces the amount of any merit-based award.

NOTE REGARDING ABOVE SCHOLARSHIPS: Students who complete a FAFSA are also considered for additional need-based grant awards. Students who are awarded institutional financial aid (merit-based scholarships) must be full-time students, carrying a minimum of 12 credits, to receive the full award commitment from the college. Students who are awarded merit-based scholarships, but are carrying less than 12 credits, will have their institutional award prorated by their level of participation. Students must carry a minimum of 6 credits to qualify for institutional financial aid.

When you complete a FAFSA you are not only applying for need based grants and scholarships, you are also applying for federal student loans. Make sure you carefully read all of the details pertaining to the various loan options. We recommend that you review and compare all of your financing resources to ensure you are selecting the best choice for your needs.

Montserrat College of Art recommends that our students and parents consider all federal loan options before considering an alternative loan. The US Department of Education provides information on the differences between Federal and private loan programs on their website:   Federal Student Aid.

For students: A subsidized federal loan is a need based loan. The federal government subsidizes the interest while you are in school and during authorized periods of deferment.

An unsubsidized federal Direct Stafford loan is not a need based loan. You will be charged interest on the portion that disburses to Montserrat College of Art (generally ½ in the fall and ½ in the spring).

New students must complete a Master Promissory note and complete Loan Entrance Counseling before a loan can be disbursed.

FULL-TIME STUDENTS (12–18 credits per semester)

Costs	Per Semester	Per Year
Tuition *	$16,425	$32,850
General Fee **	$750	$1,500
Health Insurance Required by MA law unless otherwise insured for domestic students. Required without exception for international students.	–	$2613

PART-TIME STUDENTS (0–11 credits per semester)

Costs	Per Credit	Per Year
Tuition *	$1,369	–
General Fee **	$60	–
Health Insurance Required for students enrolled in 9 or more credits. Required by MA law unless otherwise insured for domestic students. Required without exception for international students.		$2613

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Housing	Per Semester	Per Year
Double Room (as a double)	$5,250	$10,500
Double Room (as a single)	$7,125	$14,250
Single Room	$6,965	$13,930
Triple Room	$4,505	$9,010

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Additional Fees & Deposits	One Time Charges
Orientation Fee New Students Only	$175
Graduation Fee Graduating Seniors	$115
Art Supply Starter Kit New Students Only	$950
Housing Damage Deposit (refundable) *** Refunded upon graduation or withdrawal from the college	$300
Tuition Deposit + Required for all newly admitted students	$250
Housing Deposit + Not refundable or transferable	$275
Application Fee Due to Admissions when you apply	$50
Transcript Fee Per copy of transcript requested	$5
Late Fee Per semester that payment is received after the due date	$125

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The tuition costs for full-time students apply to those enrolling for 12 to 18 credits (four to six courses) for the semester. Students enrolling for nine or fewer credits (three or fewer courses) are considered part-time students and pay tuition based on the number of credits elected. For students enrolled in more than 18 credit hours will be charged per credit hour and added to the full-time charge.
*** Not to be confused with the $275 non-refundable housing deposit for incoming freshman and transfer students.
+ All tuition deposits for newly admitted students for the fall semester, are non-refundable after May 1 and are deducted from the final bill. Housing deposits are always non-refundable and non-transferable.

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UNDERSTANDING YOUR CHARGES

General Fee: The general fee includes non-academic costs for direct services such as registration, communication and network services, student activities, museum memberships as well as student health and wellness services. Occasionally, courses may require additional fees to cover special materials that students use in class. If special fees are to be assessed, they will be listed in the course syllabus. Courses in graphic design, computer design, photography, printmaking, and sculpture might fall into this category. 

Housing Fees: A housing deposit fee is required to secure placement in college housing, and a security deposit charge is assessed during the first semester of occupancy. The housing deposit is non-refundable. College housing fees are paid by semester and are included on the semester tuition bill. The housing fee covers the semester rental, security and all utilities. 

Health Insurance: Massachusetts state law requires that all students enrolled for nine credits or more be covered by a medical insurance plan. For students who do not have medical insurance coverage, Montserrat provides a plan for basic health and accident coverage. This health insurance fee is automatically added to the first semester’s tuition bill. If covered by a comparable or better health insurance plan, the student may deduct the health insurance amount from the tuition bill and submit a completed health plan insurance waiver along with the initial tuition payment. *Amount subject to change 

Orientation Fee: All new incoming students are required to pay an orientation fee that helps support orientation activities. 

Graduation Fee: All graduating seniors are required to pay a graduation fee that helps support commencement activities. 

Art Supply Starter Kit: As a service to all new students, Montserrat prepares a comprehensive package of recommended art materials and books. This art supply starter kit includes more than 100 items and provides most of the basic materials needed for the foundation year. Because we purchase these supplies in quantity, we are able to provide these materials at approximately 20 percent less than retail. The college reserves the right to adjust costs and fees it deems necessary without prior notice.

Net Price Calculator

You have 4 options to pay down the balance due: Most students and families find that a combination of the options below best suits their needs. Also note: you are not obligated to use the lending options below. You are free to choose a lender that best fits your needs.

      1. Make payments directly to Montserrat College of Art
      2. Set up a Tuition payment plan
      3. A Parent Loan for Undergraduate Students (PLUS)
      4. A private loan

For more information, click here.

Declination of Aid Form: This form can be used to decline or reduce a portion or all of your 2019–2020 academic year award package.
 
Complete the following forms only if requested by the SFS office:

2019–20 Dependent & Independent Verification Worksheet (PDF): This form is required for all dependent and independent students selected for verification to finalize their aid package for 2019 – 2020.
 

The following policies apply to all students. They are of particular importance to students receiving financial aid under the Federal Student Financial Aid (FSA) program.
 
Satisfactory Academic Progress (SAP) Policy (PDF): Students who receive financial aid are subject to the satisfactory academic progress policy.
 
Return to Title IV Policy (PDF): Students who withdraw or take a leave of absence from the college and are receiving federal financial aid may be subject to the federal Return of Title IV Aid and state financial aid return policies.
 
Federal Verification Policy (PDF): Students who are selected for verification, either by the Federal government or by the college, are subject to the Federal Verification policy.
 
Student Rights and Responsibilities (PDF): All students, especially those receiving financial aid, are subject to the Rights and Responsibilities policy.
 
Consumer Loan Disclosure (PDF): Students who borrow funds through the Title IV Federal loan program are subject to the consumer loan disclosure policy.
 
FERPA: FERPA (Family Educational Rights and Privacy Act) is a federal law that protects the privacy of student education records. FERPA prohibits an educational institution from disclosing a student’s education record without the consent of the eligible student.

Veterans Benefits and Transition Act of 2018: Under S2248 PL 115-407 Section 103, Montserrat College of Art will not impose a late fee, denial of access to facilities, or other penalty against a veteran or eligible dependent due to a late payment of tuition and/or fees from the VA up to the certified benefits amount. Any portion of the balance not covered by VA benefits is still expected to be settled by the due date. 

HEA Requirement	Reference
Notice of Availability of Institutional and Financial Aid Information	HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)). Not changed by HEOA
Contact Information for Assistance in Obtaining Institutional or Financial Aid Information	HEA Sec. 485(a)(1)-(2) (20 U.S.C. 1092(a)(1)-(2)). Not changed by HEOA. 34 CFR 668.43, 34 CFR 668.44
Student Financial Aid Information	HEOA Sec. 488(a)(1)(B) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): new HEA Sec. 485(a)(1)(M). HEOA amendment effective August 14, 2008. 34 CFR 668.41 (a)-(d), 34 CFR 668.42, 34 CFR 668.43
Notice of Federal Student Financial Aid Penalties for Drug Law Violations	HEOA Sec. 488(g): amended HEA Sec. 485 (20 U.S.C. 1092): added HEA Sec. 485(k) HEOA amendment effective August 14, 2008 34 CFR 668.40
Privacy of Student Records −Family Educational Rights and Privacy Act (FERPA)	HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)), 20 U.S.C. 1232g. Not changed by HEOA. 34 CFR 668.41(c), 34 CFR Part 99
Consumer Information on College Navigator Website	HEOA Sec. 111 amended HEA Tile I, Part C: added HEA 132(i)(1)(V) (20 U.S.C. 1015a(i)(1)(V))
Facilities and Services Available to Students with Disabilities	HEA Sec. 485(a)(1)-(2) (20 U.S.C. 1092(a)(1)-(2)). Not changed by HEOA. 34 CFR 668.41(a)-(d), 34 CFR 668.43 October 29, 2009 FR notice (revised 34 CFR 668.43, added 34 CFR 668.231)
Student Body Diversity	HEOA Sec. 488(a)(1)(E) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(Q) HEOA amendment effective August 14, 2008
Cost of Attendance	HEA Sec. 485(a)(1)-(2) (20 U.S.C. 1092(a)(1)-(2)). Not changed by HEOA. 34 CFR 668.41(a)-(d), 34 CFR 668.43
Net Price Calculator	HEOA Sec. 111 amended HEA Title I, Part C: added HEA Sec. 132(a), Sec. 132(h) (20 U.S.C. 1015a(a), 20 U.S.C. 1015a(h))
Refund Policy, Requirements for Withdrawal and Return of Title IV Financial Aid	HEA Sec. 485(a)(1)-(2) (20 U.S.C. 1092(a)(1)-(2)). Not changed by HEOA. 34 CFR 668.41(a)-(d), 34 CFR 668.43
Textbook Information, Information for Students, Information for College Bookstores	HEOA Sec. 112 amended HEA Title I, Part C: added HEA Sec. 133 (20 U.S.C. 1015b) HEOA amendment effective July 1, 2010
Academic Program (Educational Programs, Instructional Facilities, and Faculty)	HEOA Sec. 488(a)(1)(A) amended HEA Sec. 485(a)(1)(G) (20 U.S.C. 1092(a)(1)(G)): added HEA Sec. 485(a)(1)(G)(iv). HEOA amendment effective August 14, 2008 34 CFR 668.41(a)-(d), 34 CFR 668.43 October 29, 2009 FR notice (revised 34 CFR 668.43)
Transfer of Credit Policies and Articulation Agreements	HEOA Sec. 488(g) amended HEA Sec. 485 (20 U.S.C. 1092): added HEA Sec. 485(h) HEOA amendment effective August 14, 2008 October 29, 2009 FR notice (revised 34 CFR 668.43)
Institutional and Program Accreditation, Approval, or Licensure	HEA Sec. 485(a)(1)-(2) (20 U.S.C. 1092(a)(1)-(2)). Not changed by HEOA. 34 CFR 668.41(a)-(d), 34 CFR 668.43
Copyright Infringement Policies and Sanctions (Including Computer Use and File Sharing)	HEOA Sec. 488(a)(1)(E) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(P) HEOA amendment effective August 14, 2008 October 29, 2009 FR notice (added 34 CFR 668.43(a)(10))
Teacher Preparation Program Report	HEOA Sec. 201 amended HEA Title II, Part A: new HEA Sec. 205-208 (20 U.S.C. 1022d-1022g). HEOA amendment effective August 14, 2008
Drug and Alcohol Abuse Prevention Program	HEOA Sec. 107 amended HEA Sec. 120 (20 U.S.C. 1011i): new HEA Sec. 120(a)(2)(B)-(C). HEOA amendment effective August 14, 2008 34 CFR 86
Vaccinations Policy	HEOA Sec. 488(a)(1)(E): amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(V) HEOA amendment effective August 14, 2008
Security Report (Including Emergency Response and Evacuation Procedures), Timely Warnings, and Crime Log Missing Student Notification Emergency Response and Evacuation Procedure Timely Warning Reports Crime Log	HEOA Sec. 488(e)(1)(B)-(D) amended HEA Sec. 485(f) (20 U.S.C. 1092(f)): revised HEA Sec.485(f)(1)(C) revised HEA Sec. 485(f)(1)(F) added HEA Sec. 485(f)(1)(J) HEOA amendments effective August 14, 2008 34 CFR 668.41(a), 34 CFR 668.41(e), 34 CFR 668.46, 34 CFR Part 668 Subpart D, appendix A. October 29, 2009 FR (revised 34 CFR 668.41(a), 34 CFR 668.41(e), 34 CFR 668.46, 34 CFR Part 668 Subpart D, appendix A)
Security Report − Missing Person Notification Policy	HEOA Sec. 488(g) amended HEA Sec. 485 (20 U.S.C. 1092): added HEA Sec. 485(j) HEOA amendment effective August 14, 2008 October 29, 2009 FR notice (revised 34 CFR 668.41(a), added 34 CFR 668.46(b)(14) and 34 CFR 668.46(h)
Fire Safety Report and Fire Log	HEOA Sec. 488(a)(1)(E) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(T). HEOA Sec. 488(g) amended HEA Sec. 485 (20 U.S.C. 1092): added HEA Sec. 485(i) HEOA amendments effective August 14, 2008 October 29, 2009 FR notice (revised 34 CFR 668.41(a) and 34 CFR 668.41(e), added 34 CFR 668.49)
Information for Crime Victims about Disciplinary Proceedings	HEOA Sec. 493(a)(1)(A) amended HEA Sec. 487(a) (20 U.S.C. 1094(a)): added HEA Sec. 487(a)(26) HEOA amendment effective August 14, 2009
Retention Rate	HEOA Sec. 488(a)(1)(E) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(U): HEOA amendment effective August 14, 2008 October 29, 2009 FR notice (revised 34 CFR 668.41(d))
Completion/ Graduation and Transfer-out Rates (Including Disaggregated Completion/ Graduation Rates) (Student Right-to-Know Act) Disaggregated Completion/ Graduation Rates Exclusions	HEOA Sec. 488(a)(2) amended HEA Sec. 485(a) (20 U.S.C. 1092(a)): new HEA Sec. 485(a)(4) HEOA Sec. 488(a)(3) amended HEA Sec. 485(a) (20 U.S.C. 1092(a)): added HEA Sec. 485(a)(7) HEOA amendments effective August 14, 2008 (see exception below) 34 CFR 668.41(a)-(d), 34 CFR 668.45, 34 CFR 668.8(b)(1)(ii) October 29, 2009 FR notice (revised 34 CFR 668.45)
Placement in Employment	HEOA Sec. 488(a)(1)(E) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(R) HEOA amendment effective August 14, 2008 October 29, 2009 FR notice (revised 34 CFR 668.41(d))
Job Placement Rates	HEA Sec. 487(a)(8) (20 U.S.C. 1094(a)(8)) (34 CFR 668.14(b)(10)) Not changed by HEOA
Types of Graduate and Professional Education in which the Institution’s Graduates Enroll	HEOA Sec. 488(a)(1)(E) amended HEA Sec. 485(a)(1) (20 U.S.C. 1092(a)(1)): added HEA Sec. 485(a)(1)(S) HEOA amendment effective August 14, 2008 October 29, 2009 FR notice (revised 34 CFR 668.41(d))
Voter Registration Forms	HEOA Sec. 493(a)(1) amended HEA Sec. 487(a)(23) (20 U.S.C. 1094(a)(23)): added HEA Sec. 487(a)(23)(D) HEOA amendment effective August 14, 2008
State Grant Assistance	HEA Sec. 487(a)(9) (20 U.S.C. 1094(a)(9)), 34 CFR 668.14(b)(11) Not changed by HEOA.
National Student Loan Data System (NSLDS)	HEOA Sec. 489 amended HEA Sec. 485B(d)(4) (20 U.S.C. 1092b)
Entrance Counseling for Student Loan Borrowers	HEOA Sec. 488(g) amended HEA Sec. 485 (20 U.S.C. 1092): added HEA Sec. 485(l) HEOA amendment effective August 14, 2008 October 28, 2009 FR notice (revised 34 CFR 685.304(a), 34 CFR 682.604(f))
Exit Counseling for Student Loan Borrowers	HEOA Sec. 488(b) amended HEA Sec. 485(b) (20 U.S.C. 1092(b)): new HEA Sec. 485(b)(1)(A) HEOA amendment effective August 14, 2008 October 28, 2009 FR notice (revised 34 CFR 668.42, 34 CFR 685.304(b), 34 CFR 674.42(b), 34 CFR 682.604(g))
Consumer Loan Disclosures	HEOA Sec. 493(a)(1) amended HEA Sec. 487(a) (20 U.S.C. 1094(a)): added HEA Sec. 487(a)(28); HEOA Sec. 120 and Sec. 1021(b) amended HEA Title I: added HEA Sec. 151-155 (20 U.S.C. 1019, 1019a-1019d) HEOA amendments effective August 14, 2008, unless otherwise specified October 28, 2009 FR notice (added 34 CFR 601.2, 34 CFR 601.11, 34 CFR 601.30, 34 CFR 668.14(b)(29))

All Montserrat students are required to arrive on campus with a laptop that meets their curriculum requirements and an external hard drive for transferring and backing up work. We have outlined the basic requirements for a laptop below, along with some model recommendations if you will be purchasing a new computer. Models listed here are suggestions, any laptop that meets hardware requirements will suffice.

Meeting the minimum requirements is essential to a successful educational experience – increasing the specifications beyond the minimum required can prove helpful over the course of the program, especially for students that have an interest in digital concentrations and may need a high-performance computer as their work progresses over the years. Montserrat provides the full Adobe Creative Cloud Suite ($50/mo value) and Microsoft Office Suite for the duration of your time here.

Here are some suggested Models

If you have financial concerns, please reach out to the Financial Aid office to discuss options:  sfs@montserrat.edu