by our College Data Analytics TeamMost students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at The New England Conservatory of Music can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can The New England Conservatory of Music provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from The New England Conservatory 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.
For freshmen starting at The New England Conservatory of Music, 99% of first-year full-time students received aid of some kind (about 96 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $30,707 |
| Institutional grants & scholarships | 97% | $30,304 |
| Federal Pell grants | 7% | $5,056 |
| State/local grants | 1% | $1,000 |
| Federal student loans | 30% | $4,923 |
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 this school, about 90% of undergraduate students received gift aid averaging $26,644 (among about 354 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $26,644 |
| Federal Pell grants | 7% | $5,087 |
| Federal student loans | 23% | $5,973 |
For students living on campus and receiving title-IV aid, grants averaged $34,523.
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 | $26,175 |
| $30,001 – $75,000 | $33,525 |
| Over $75,000 | $48,203 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $46,754 |
| Off-campus title-IV students | $42,556 |
For a personalized estimate based on your family’s financial situation, use The New England Conservatory of Music’s net price tool: necmusic.edu/admissions/tuition-aid/net-price-calculator/.
The middle student in the debt distribution at The New England Conservatory of Music owes $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| 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.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at The New England Conservatory of Music.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,750 |
| 25th percentile | $15,500 |
| 75th percentile | $35,000 |
| 90th percentile (highest-debt students) | $37,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $24,000 |
| Middle income | $21,625 |
| High income | $19,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,750 |
| Continuing-generation students | $19,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at The New England Conservatory of Music.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at The New England Conservatory of Music:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2204 |
| Total Stafford loan amount | $66,631,976 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $96,599 |
| Average GI Bill amount per recipient | $32,200 |
References
More about our data sources and methodologies.