Student Loans for Berklee Students

About Berklee

student loansThe Berklee College of Music is one of the premier colleges of music in the country, and stands apart from most music schools and conservatories in that its curriculum focuses on the study and practice of contemporary music, which is pretty cool. Berklee turns out Grammy-award winning artists like it’s no big deal, so you know the education is one that works. The college is located in Boston’s Fenway, an area that is home to a bunch of other schools, including the New England Conservatory, the Boston Conservatory, Northeastern, Simmons College, and the Wentworth Institute of Technology, not to mention several museums, concert venues, and Fenway Park, home of the Red Sox. It’d be hard not to like living and learning at Berklee.

Going to school in the city is expensive, and going to a marquee school is expensive at Berklee, these two factors combine to result in a sticker price of just over $59,000 per year. That eye-popping figure might scare you, unless you’re the heir to a massive fortune or just now won the lottery, but never fear — there are plenty of sources of aid available to help you afford a Berklee education, including the Berklee financial aid program.

Filling the Gap Between Berklee Financial Aid and the Cost of Attendance

If you’re in a situation where your Berklee financial aid award doesn’t quite cover all the costs you need it to, you should first turn to federal funding. Federal student aid comes in a variety of forms, from grants to low-interest loans with favorable repayment terms, and should be the first form of aid you pursue outside of your Berklee aid package. If you’re like about one-fourth of the Berklee student body, however, and you exhaust your federal loans but still need more funding, you should consider private student loans as a stopgap measure. Private student loans should be your last resort when it comes to funding, and for

good reason: they have higher interest rates than federal loans, and often have more strict borrowing terms, but you can receive one pretty readily, and should have no trouble borrowing whatever amount you need to cover the remainder of your college costs. To find a student loan that will help you pay for Berklee at the best possible borrowing terms and interest rate, check out our Student Loan Comparison Tool. It will allow you to search, compare, and apply for the private student loan that’s best for you so you can cover the costs of an excellent education at Berklee College of Music.

Pay for Berklee College of Music*

Total Avg. Cost $52,139
Tuition $32,520
Room & Board $15,830
Financial Aid Information
Students Receiving Fin Aid 76%
Typical Grant Amounts
State/Local $847
Federal $4,960
%Receiving Loans 53%
Avg. Other Stud. Loans $23,918
%Receiving Other Loans 14%

Get into Berklee College of Music

Admission Rate 37%
Total Enrollment 4,275
Men 67%
Women 33%
Graduation Rate 54%
Application Fee $150

Contact Berklee College of Music

Address
1140 Boylston St
Boston, MA 02215(617) 747-2222
Financial Aid Office URL
http://www.berklee.edu/financial-aid/
Admissions Office URL
http://www.berklee.edu/admissions/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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