Here's what Coogan had to say about MCAD's high tuition:
Like other specialized schools, art and design schools in general are top net-tuition schools. It's an expensive form of education (small classes, lots of supplies and equipment), and unlike science, it doesn't get subsidized by the government or other organizations. But we have a very low default rate. We're below the national average -- 6.1 percent vs. 7 percent. That means our students are going out and getting jobs. But we're looking for ways that students won't have to take out more loans - such as by offering more institutional scholarships and then raising money for more financial aid. We're readjusting the financial aid formula so that it's more in line with the discount rate -- so net tuition will be dropping for students. We're not sitting by. We're definitely paying attention to this and doing everything we can to address this.