by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Conservatory of Recording Arts and Sciences can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will CRAS provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Conservatory of Recording Arts and Sciences.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Conservatory of Recording Arts and Sciences, 70% of new full-time first-years were awarded at least some aid around 403 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $4,776 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 41% | $4,616 |
| State/local grants | 2% | $830 |
| Federal student loans | 63% | $5,481 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At CRAS, around 40% of undergraduates were awarded an average grant or scholarship of $4,812 (across approximately 380 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $4,812 |
| Federal Pell grants | 39% | $4,562 |
| Federal student loans | 66% | $5,656 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $2,892.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,374 |
| $30,001 – $75,000 | $22,079 |
| Over $75,000 | $23,850 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,990 |
| Off-campus title-IV students | $22,153 |
For a customized cost estimate, visit CRAS’s online cost calculator: www.cras.edu/financial-aid/#net-price-calculator.
Graduating students at CRAS carry a median federal student debt of $8,344 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,344 |
| Median federal debt (graduates only) | $8,344 |
| Typical 10-year monthly payment (graduates) | $88.46/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at CRAS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,208 |
| 75th percentile | $13,875 |
| 90th percentile (highest-debt students) | $14,094 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,344 |
| Middle income | $8,344 |
| High income | $8,344 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,344 |
| Continuing-generation students | $8,344 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,344 |
| Independent students | $14,094 |
These indicators are derived from the underlying debt data and summarize the overall picture at CRAS.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at CRAS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6086 |
| Total Stafford loan amount | $55,159,790 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $202,529 |
| Average GI Bill amount per recipient | $11,252 |
References
More about our data sources and methodologies.