by our College Data Analytics TeamMost 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 San Francisco Conservatory of Music can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will SFCM provide, and just what are you going to be eligible for? Read on for answers. Read on to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from San Francisco Conservatory of Music.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at San Francisco Conservatory of Music, 100% of entering full-time freshmen got some type of financial assistance roughly 55 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $36,052 |
| Institutional grants & scholarships | 100% | $34,320 |
| Federal Pell grants | 18% | $5,690 |
| State/local grants | 5% | $9,907 |
| Federal student loans | 67% | $3,642 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 100% of undergraduate students received gift aid averaging $33,306 (for some 216 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $33,306 |
| Federal Pell grants | 17% | $5,584 |
| Federal student loans | 39% | $6,309 |
On-campus students receiving title-IV aid were awarded grants averaging $36,174.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $32,265 |
| $30,001 – $75,000 | $42,152 |
| Over $75,000 | $44,557 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $42,607 |
| Off-campus title-IV students | $42,908 |
For an estimate tailored to your family circumstances, see SFCM’s NPC: sfcm.edu/admissions/cost-aid/tuition-fees.
The median student at SFCM graduates with $22,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at SFCM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $15,000 |
| 75th percentile | $31,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $26,750 |
| Continuing-generation students | $20,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. SFCM.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at SFCM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1335 |
| Total Stafford loan amount | $41,205,052 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $123,204 |
| Average GI Bill amount per recipient | $24,641 |
References
More about our data sources and methodologies.