by our College Data Analytics TeamThe majority of students will not be asked to pay 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 price of attendance at VanderCook College of Music can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can VanderCook College of Music deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to discover just how much financial aid could be open 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 VanderCook College of Music.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At VanderCook College of Music, 100% of new full-time first-years were awarded at least some aid around 17 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $23,317 |
| Institutional grants & scholarships | 100% | $12,879 |
| Federal Pell grants | 59% | $6,210 |
| State/local grants | 59% | $10,788 |
| Federal student loans | 53% | $5,389 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 66% of undergraduate students received gift aid averaging $21,140 (across approximately 65 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $21,140 |
| Federal Pell grants | 26% | $5,397 |
| Federal student loans | 42% | $6,964 |
For students living on campus and receiving title-IV aid, grants averaged $24,833.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,530 |
| $30,001 – $75,000 | $13,658 |
| Over $75,000 | $19,368 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $19,780 |
| Off-campus title-IV students | $23,653 |
To get a personalized net price estimate, try VanderCook College of Music’s NPC: www.vandercook.edu/financial-aid-resources/net-price-calculator/.
A typical borrower at VanderCook College of Music leaves with $27,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $27,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at VanderCook College of Music.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $12,000 |
| 75th percentile | $31,000 |
A handful of calculated indicators summarize the debt outlook at VanderCook College of Music.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at VanderCook College of Music:
| Metric | Value |
|---|---|
| Stafford loan recipients | 616 |
| Total Stafford loan amount | $14,647,916 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.