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Can You Afford Cleveland Institute of Music?

Concerned about paying for college? Take a look at Cleveland Institute of Music’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $18,092 and $59,431

Feeling a little stressed about paying $59,431 to attend Cleveland Institute of Music each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Ohio students, 98.4% of freshmen receive some form of financial aid, with the average amount totaling $25,380. Students from low-income families receive an average of $41,339 in aid during their first year.

Cost (no aid)

Tuition and fees$43,597
+ Room and board$12,500
+ Other expenses$3,334
Total cost$59,431
Affordability Score (9 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$59,431
- Grants and scholarships$25,380
Net price$34,051
Affordability Score (14 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$59,431
- Grants and scholarships$41,339
Net price$18,092
Affordability Score (62 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Cleveland Institute of Music.

Projected Costs Between $37,694 and $328,288 For a Four Year Degree. Between $22,439 and $164,144 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Cleveland Institute of Music in 2020 - 2021 was $59,431. To calculate future costs, we looked at the prior five years of data and determined that this cost remained constant. If this trend continues, we expect the full cost for incoming freshmen to be $59,431 during their first year. By their senior year, that cost will be approximately $59,431 for a bachelor degree candidate ($59,431 for an associate degree candidate) for a total of $237,724 over the course of four years ($118,862 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Cleveland Institute of Music

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*-3.0%0.0%
Freshman year$12,299$32,032$59,431
Senior year$10,140$31,068$59,431
Total 2-year net price$22,439$63,100$118,862
10-year loan interest @ 6.8%$8,549$24,039$45,282
Total monthly payment$258$726$1,368
Total amount paid$30,988$87,138$164,144
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*-3.0%0.0%
Freshman year$12,299$32,032$59,431
Senior year$6,894$29,226$59,431
Total 4-year net price$37,694$122,458$237,724
10-year loan interest @ 6.8%$14,360$46,652$90,564
Total monthly payment$434$1,409$2,736
Total amount paid$52,054$169,110$328,288

Visit net price and financial aid to learn more about the total cost of attending Cleveland Institute of Music.

Further Questions to Consider

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