Why Undertanding Financial Aid is Important
The level of financial aid and scholarships or grants you are eligible for may vary according to your circumstances. Continue reading to find information on how much assistance , scholarships and grants can be expected from Berklee College of Music.
What is in a Typical Financial Aid Plan at Berklee College of Music
$31,338 is the usual Berklee College of Music's freshman financial aid deal. About 51.0% of new students obtain some money for college, the majority of which is in the form of scholarships and grants.
Loans are a part of financial aid offers, however the only true discount off of the price of college is a grant or scholarship that you don't need to repay.
A student loan is not a legitimate college discount, but rather an additional cost consideration. See how much student loan debt from Berklee College of Music you may end up taking on.
Number of Berklee College of Music Scholarships & Grants
The numbers listed below make reference to help that is given by Berklee College of Music.
44.0% of first year students (410 total) were awarded scholarships at Berklee College of Music, averaging $18,218 per student. This ranks in the top 20th percentile of all schools in the nation.
134 freshmen were awarded a grant. A total of 14.0% Berklee College of Music first years got grants with an average of $5,140 per person.How are grants and scholarships distributed to freshman at Berklee College of Music? View the graph below.
Grants are usually based on need while scholarships are based on merit or ability.
How Financial Need Affects Aid
The next chart shows grant and scholarship distributed by family income for freshman students receiving any sort of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.1% | $17,131 |
| Income 30k-48k | 4.8% | $16,822 |
| Income 48k-75k | 6.8% | $13,610 |
| Income 75k-110k | 6.7% | $11,890 |
| Income 110k + | 18.8% | $6,773 |
Title IV aid includes loans, grants, or work study given from the government generally based on need. Learn more here.
The Standard Undergrad Who Gets Scholarship or Grant Obtains $16,171
53.0% of the 4,743 undergraduates at Berklee College of Music receive some form of grant aid. This is a total of about 2,522 students benefiting from an average of $16,171 per person.
Financial Aid Links from Berklee College of Music
| Financial Aid Department Website | www.berklee.edu/financial-aid/ |
| Net Price Calculator | www.berklee.edu/paying-for-your-education/net-price-calculator |
