by our College Data Analytics TeamA lot of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Manhattan School of Music can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Manhattan School of Music deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Manhattan School of Music.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Manhattan School of Music, 89% of the incoming full-time class was awarded financial aid approximately 126 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $26,001 |
| Institutional grants & scholarships | 87% | $25,258 |
| Federal Pell grants | 9% | $5,223 |
| State/local grants | 3% | $3,639 |
| Federal student loans | 32% | $5,357 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Manhattan School of Music, about 84% of undergrads got grants or scholarships worth on average $25,529 (for some 457 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $25,529 |
| Federal Pell grants | 12% | $5,681 |
| Federal student loans | 33% | $6,561 |
Title-IV recipients living on campus saw average grant aid of $25,949.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $44,007 |
| $30,001 – $75,000 | $56,991 |
| Over $75,000 | $59,277 |
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 | $51,754 |
| Off-campus title-IV students | $47,599 |
For a personalized estimate based on your family’s financial situation, use Manhattan School of Music’s net price calculator: www.msmnyc.edu/admission/scholarships-financial-aid/net-price-calculator/calculator-net-price/.
The median student at Manhattan School of Music graduates with $25,125 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $25,125 |
| Median federal debt (graduates only) | $26,994 |
| Typical 10-year monthly payment (graduates) | $286.18/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Manhattan School of Music.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,298 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,562 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $27,000 |
| Middle income | $26,747 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,250 |
| Continuing-generation students | $24,875 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Manhattan School of Music.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Manhattan School of Music:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2496 |
| Total Stafford loan amount | $83,710,250 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $80,990 |
| Average GI Bill amount per recipient | $26,997 |
References
More about our data sources and methodologies.