2nd/3rd draft budget tentative
We are not accepting Federal or State loans or grants. Our design and philosophies are not always aligned, and we refuse to settle for less.
Students who meet all the standards, excepting financial wherewithal are still encouraged to apply, in alignment with the scholarship qualities.
Keep this in mind: we will be fully funding 25% of our cohort participants. Proportionally, nary an institution has a higher percentage, and hats off to the handful of institutions that provide full funding for all students.
Students are allowed to use any scholarships other than governmental.
Additionally, you may use personal loans or other forms of financial strategies. We suggest you consult with a financial planner to determine what financial path is right for you, and whether the risk is worth it.
The current working budget is estimated to be approximately $330,000 for the full three years. Our yearly cost is higher, but our graduation cost – because of three years – is less than some of the top private and public institutions over a four year period (or longer for some).
Investigate the usage of your money in their institution versus ours. Here are some areas to consider: paying for food services (our students shop and cook for themselves), custodians and matrons to pick up after your kid, the Advising office as an example – you pay for director, assistant director, executive secretary, your advisor, and likely some retired personnel (our cohort leaders are catchalls and therefore you are getting multiple services for one staff cost), you are paying for a full security department, multitudes of managers and executives, classes you will never take, professors you will never meet, and activities you will never attend.
At the MAC the totality of your cost is almost entirely focused on the costs necessary for the here and now, for your child.
There are several types of refunds.
Two of these refund types are in the form of credits during enrollment, or as a refund upon graduation.
For those that withdraw or are expelled, some of the credits/refunds are possible .
Okay, seriously, a graduation refund, this is one of the coolest things to be able to do. Give your child a solid gold diploma and a refund check, come on - how amazing!
It is prudent to establish a financial stability plan for unexpected costs.
While this may not be necessary during your enrollment, this is one of the line item costs that ensure the financial stability presently and moving forward, which protects against closing the school or otherwise impacting your graduation negatively.
All candidates, from all cohorts will pay this amount annually.
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